AI agent platform Virtuals Protocol expands to Solana network. The platform announced this on X (formerly Twitter), noting that it is a major step in its journey to foster innovation across different ecosystems and empower builders.
the protocolwhich is currently based on the Ethereum Layer-2 network base, is one of the fastest growing AI agent launchpads, with over 16,000 AI agents already deployed. It claimed it chose Solana because of the network’s qualities that make it the ideal location to continue its growth.
He said:
Known for its speed, scalability, and vibrant community, Solana is the perfect place for us to grow and realize our vision.
Meanwhile, there has been a lot of excitement around the launch, especially from the Solana community. CEO of Helius Labs and poster of Solana Bull Mert is excellent He noted that launching on Solana is now similar to launching on the App Store.
but, Some users We believe that the expansion of Solana may hurt the activity of Virtuals on the core network. They blame Coinbase leadership for refusing to list the VIRTUALS token on Coinbase.
This may not be the real state of things, as a Virtuals contributor EtherMage He noted that moving to multi-chain is part of the vision for the Virtuals Protocol. They explained that Solana is just the first step, as the protocol is also working to expand to other chains.
EtherMage added that Virtuals plans to work with stakeholders in each blockchain network it joins to ensure projects built within the Virtuals ecosystem get all the support they need in funding and promotions.
Virtuals believes Solana’s expansion will provide growth opportunities
Virtuals Protocol will launch a liquidity layer on Solana Meteora-based DeFi protocol as part of the expansion. MeteoraS.’s post about the development mentioned that it worked alongside Jupiter Exchange to bring Virtuals to Solana. LayerZero was also involved in the expansion.
The AI protocol also wants to create a strategic SOL reserve where 1% of all its trading fees will be transferred to SOL for a dedicated reserve to reward agents and creators in its ecosystem.
However, the expansion will not directly affect the project’s trading pairs. It will maintain its AGENT/VIRTUAL trading pair, which users are already familiar with on Base.
In line with its expansion, Virtuals plans to offer several grants to encourage builders and creators across the Solana and Base ecosystems. This includes its project partner model, through which 42,000 virtual tokens will be distributed as grants to early-stage creators on the two blockchains.
AI Agent Launchpad will also host a virtual AI hackathon in March in partnership with the Solana Foundation.
VIRTUAL and SOL tokens struggle despite scaling
Despite the Solana expansion announcement, the VIRTUAL token has fallen by nearly 6% over the past 24 hours, continuing a trend that saw it lose 13% of its value in the past seven days. In the long term, it has lost 46.21% of its value since the beginning of the year until now. Its current value of $2,485 is more than 50% below its peak price of $5,070, which was reached on January 5, 2025.
However, its decline is not unique, as almost all other AI agent coins have also fallen in the past 24 hours. The decline since the beginning of the year may also be a sign that the sector is in decline. According to CoinMarketCap data, the sector saw an average price change of 6.28% over the past 24 hours while the market capitalization decreased by 5.83%.
The overall cryptocurrency market is not in a better position either. SOL price fell by 5.74% today while maintaining its value above $250. Other major tokens, including BTC, ETH, XRP, and DOGE, also suffered price declines.
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