Xtella.AI Auction Generates $4.1M in Transaction Volume, Signaling the Rise of AI Agents in Crypto and Tech

Xtella.AI, the AI agent launched by XPIN, has generated over $4.1 million in transaction volume within hours of its auction debut on IoTeX mainnet and BNB Chain last night.

The auction, which is set to last for seven days, has already seen 500 BNB in bids. Starting at 2,000 IOTX, the current highest bid on the IoTeX chain stands at 5,187 IOTX (approximately $185). Meanwhile, on the BNB Chain, the highest bid is 0.5 BNB (around $350).

According to XPIN, the auction will operate on an “All Win” model, where users who lose their bids will receive a full refund along with an additional 4.5% profit.

Xtella.AI offers multiple revenue streams, including AI mining income, Powerlink equipment valued at $349, and on-chain staking rewards. Moreover, every bid will earn XP rewards, and the top ten bidders will be eligible for a share of a $500,000 prize pool.

The launch of Xtella.AI comes amid a broader surge in interest in AI agents within the crypto and tech industries. Several AI-based cryptocurrencies have gained significant traction this year, particularly those on the IoTeX network thanks to its modular DePIN infrastructure. Notably, Bino.AI, the first AI agent on IoTeX, recently debuted with support from ai16z.

As Web3 continues to expand, encompassing cryptocurrencies, blockchain, the metaverse, and NFTs, AI is emerging as an integral component. Experts have highlighted 2025 as a crucial year for AI, with its innovations set to impact not only the crypto domain but also日常生活. While Solana-based AI cryptocurrencies like BUZZ, ZAILGO, and FET have captivated crypto traders, AI agents are simultaneously making their mark in the tech industry.

Interestingly, Sam Altman of OpenAI has revealed that while his company initially aimed to develop AGI (Artificial General Intelligence) to advance humanity, their current focus is on having AI agents enter the workforce by 2025. This marks a significant development in the integration of AI into the global economy.