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Cryptocurrency News Articles

AI-Powered Assistants Are Opting for Solana More Than Ever, Attracted by Its Ability to Scale Smoothly and Keep Costs Down

Jan 15, 2025 at 01:08 pm

According to a recent report by Franklin Templeton, 70% of AI-powered virtual assistants, known as AI agents, choose to operate on the Solana (SOL) blockchain.

AI-Powered Assistants Are Opting for Solana More Than Ever, Attracted by Its Ability to Scale Smoothly and Keep Costs Down

AI assistants are increasingly opting for Solana, thanks to its ability to scale smoothly and keep costs down.

According to a recent report by Franklin Templeton, 70% of AI-powered virtual assistants, known as AI agents, choose to operate on the Solana (SOL) blockchain. This preference is largely due to Solana’s capability to handle large volumes of transactions efficiently and at lower costs.

Intersection of AI Agents & the Crypto Ecosystem pic.twitter.com/dr621skRxy

These AI agents are advanced tools that can perform tasks, make decisions and interact with both humans and digital systems, transforming how operations are managed within the crypto sector.

An interesting example of these AI agents at work is the Truth Terminal project AI chatbot, which initially gained fame on Twitter by promoting a fictional religion called the “Goatse Gospel.” It caught the public eye in July 2024 after receiving a large Bitcoin (BTC) donation from Marc Andreessen, a well-known venture capitalist at Andreessen Horowitz.

Truth Terminal's influence went on to help boost the Solana-based meme coin Goatseus Maximus (GOAT), which achieved a market cap of nearly $1.22 billion on November 16, 2024. As of Jan. 15, GOAT is trading at $0.338 with a market cap of $338 million.

In a similar vein, Zerebro (ZEREBRO), which operates on Solana, generates AI-driven music and NFTs with the help of its open-source ZerPy framework, which helps customize AI agents. Another promising project, ARC, is a high-performance platform running on Solana to allow rule-based AI agents, which are virtual assistants that help users make decisions or take action.

Another project working towards personalized AI agents is Griffain, while ai16z deploys Solana to handle AI-enabled interactions in venture capital through its ElizaOS framework.

Earlier this month, on Jan. 2, Binance launched perpetual contracts for Griffain (GRIFFAIN), ai16z (AI16Z) and ZEREBRO. In the last 24 hours, GRIFFAIN has been up over 19%, AI16Z by over 14% and ZEREBRO by over 4%, reflecting the strong optimism for these Solana-based AI coins.

Most AI agents are still in the early stages. The market cap for AI tokens stands at $3.95 billion as of Jan. 15, which makes up only 0.11% of the total crypto market cap.

However, certain Solana-funded projects have already gained quite some popularity by pushing the total AI token market cap up 14.5% in a day, as per CoinGecko. For instance, Zerebro has released music albums, while Dolos Diary, another AI agent, has amassed millions of views on TikTok.

Apart from these AI agent projects, Virtual Protocol (VIRTUAL), an AI agent launchpad on Ethereum (ETH), also saw notable growth, reaching a market cap of $4.62 billion on January 1, 2025, but declining to $1.92 billion as of this writing. Interestingly, aixbt (AIXBT) by Virtuals Protocol, which operates on both the Base and Solana, has been up by 45.2% in the last 24 hours, as per CoinGecko.

While some skeptics in the blockchain community suggest that the AI agent hype is more marketing than technology, the integration of these agents into Solana flourishes as they leverage the performance and price accessibility of the Solana ecosystem to improve its features and user experience.

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