AI Agent Track Analysis: Huge Potential for Future Development

This round of the cryptocurrency cycle has shown some new characteristics and trends:

The Differentiation of Bitcoin and Other Crypto Assets

Bitcoin has gained mainstream recognition and is viewed as an alternative asset for hedging against inflation. Other crypto assets like Ethereum are still considered high-risk assets, lacking mature business models. In terms of risk-reward ratio, the appeal of assets like Ethereum is not as strong as that of mainstream tech stocks.

The Imbalance of the Internal Ecosystem in the Crypto Circle

The funds in the market are abundant, but there is an oversupply of new projects, most of which lack practical applications. The exit channels are limited, and centralized exchanges face regulatory pressure, resulting in insufficient motivation to expand the user base. This has led to a serious imbalance between supply and demand.

Unique Advantages of AI Agents

Compared to pure meme coins, AI Agents can achieve a broader consensus:

• Tell a story about AI infrastructure investment to investment institutions
• Explain on-chain meme logic to ordinary users
• Specific project investment logic can be discussed for industry practitioners.

AI Agent is the greatest common divisor of the current cycle in the Web3 industry.

AI Agent Reshaping Industry Chains and Valuation Logic

AI has become a parallel underlying technology with smart contracts, forming a full-chain Agent layer. This brings new valuation space to the entire industry chain:

• The top Agent framework is expected to reach 5% of Ethereum's market value, around $20 billion.
• The project space for launch platform-type projects can exceed 30 billion USD.
• The lower limit of the valuation for high-quality AI application projects is $1 billion, while the upper limit depends on market developments.

AI Agent Changes Industry Ecology

AI Agents will change asset trading, project financing, token issuance, and other aspects:

• Transactions are more convenient, enabling natural language interaction.
• Financing is more transparent, directly targeting the community.
• Making token issuance more automated to avoid black box operations.

The AgentApp, which can win user entry, is expected to benchmark the valuation of exchange platform tokens.

Development Stages and Future Directions

Currently, the total market value of AI Agents is approximately $18.6 billion, accounting for 64% of the total market value of DeFi. The industry is in the mid-development phase, with significant potential for further growth.

Possible hot directions in the future include:

• Agent-driven cryptocurrency exchange
• Agent-driven stablecoin
• Agentification of various applications

The era of AI Agents has just begun, and there is enormous potential for future development. Investors need to closely monitor the evolution of this sector.