The AI Agent Sector Has Experienced Dramatic Market Turmoil

Over the past two months, the AI Agent sector has experienced dramatic market turmoil. According to Cookie.Fun data, as of April 1, 2025

The past two months have seen dramatic market turmoil in the AI Agent sector.

According to Cookie.Fun data, as of April 1, the total market value of the AI Agent sector has shrunk to approximately US$6 billion, a sharp drop from the previous peak of US$20 billion. Statistics from PANews on the six popular AI Agent projects show that the market value of these tokens has generally suffered a drop of more than 90%. Despite the sluggish market performance, various projects are still continuing to work hard on technology iteration, ecological expansion and product optimization, trying to find a way out in the cold winter.

ai16z

GMGN data shows that as of April 1, ai16z's market value fell from its historical high of US$2.53 billion to US$199 million, a decrease of 92.13%.

During this period of time, ai16z has continued to work hard through brand reshaping, technology iteration and ecological expansion. For example, at the end of January this year, ai16z founder Shaw issued a major announcement that in order to move to the next stage, a comprehensive brand reshaping plan will be implemented. The project will be officially renamed ElizaOS, and the token name ai16z will remain unchanged for the time being until the DAO voting module is launched, and the community will vote to decide on future changes.

Shortly after the rebranding, ElizaOS released a framework roadmap, the core content of which includes: autonomy and adaptability, modularity and composability, and decentralization and open collaboration. The team also emphasized that the team's mission is to develop an extensible, modular, open source AI agent framework that can thrive in the Web2 and Web3 ecosystems, and believes that AI agents are a key step towards AGI (artificial general intelligence), which can achieve increasingly autonomous and powerful systems.

In the latest tweet, Shaw announced that Eliza v2 is ready and will soon start marketing and announcements and officially go live. At the same time, the Launchpad platform auto.fun is also ready to launch and will be launched with the first batch of partners within two weeks.

Virtuals Protocol

GMGN data shows that as of April 1, VIRTUAL's market value has fallen 91.8% from its historical high and is now about $370 million. Dune data shows that as of March 31, Virtuals Protocol's daily transaction revenue has plummeted 99.6% from its peak to only $6,182.

In February of this year, Virtuals Protocol announced its expansion into the Solana ecosystem, and subsequently renamed its Ecosystem Fund to Virtuals Ventures, providing funding and support for Agents on the platform while maintaining transparency; in March, Virtuals integrated the transaction aggregator Enso into GAME, providing instant access to more than 200 protocols and completing the following in a single transaction: token exchange, lending, borrowing, and reinvestment; in the middle of the same month, Virtuals Protocol released the multi-agent framework ACP, aiming to achieve efficient collaboration of AI Agents, and will focus on the implementation of two major businesses: autonomous hedge funds and trading DAOs, and autonomous media organizations, focusing on AI investment and AI content creation respectively, and launching the first Virtuals ACP Hackathon.

Recently, Virtuals Protocol announced that it is updating the fee distribution model to promote the adoption of ACP and better reward agent creators. In the new fee structure, 70% of the transaction fees go directly to the agent creator's wallet, and 30% of the transaction fees go to the ACP.

arc

GMGN data shows that as of April 1, arc's market value has fallen to approximately US$48 million, a decrease of more than 90.9% from its peak.

Arc has continued to deepen its AI agent deployment during this period and provided technical support for multiple cooperative projects. In February this year, Arc launched the token issuance platform Arc Forge, which is built on Meteora DLMM and integrated with Jupiter routing, aiming to provide a strong liquidity foundation, anti-sniping and direct cooperation with ARC for new projects.

Not long ago, AskJimmy, a multi-strategy trading agent platform, released the first toolkit Rig Trading Kit, which is built on arc's Rig framework, written in Rust and targeted at cryptocurrency trading. At the same time, Mira Network also announced a partnership with arc to integrate its Rig framework with Mira's verification layer to help developers build safer and more reliable AI applications. At the same time, Arc also launched Arc Handshake, which aims to provide developers with the funding and support they need. The first batch of partners include FabelisAI and AgentTankLive. According to the plan, arc also plans to launch ARC Ryzome, an application store for AI agents, and ARC Payments,