AI-powered crypto projects were among the top projects in the cryptocurrency space, while meme and stereotype projects saw notable declines.
Data from Web3 analytics platform Dexu AI reveals AI clients generated a 72.2% return last month. This growth was led by ai16z (AI16Z) and the Phala Network’s PHALA token, which rose by 295% and 209%, respectively. Other notable performers include Virtuals Protocol (VIRTUAL), whose shares rose 132%, and AiXBT, whose shares rose 125%.
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Many market observers have emphasized the transformative potential of AI agents in the cryptocurrency space, noting their ability to execute transactions, manage portfolios, and develop investment strategies.
Centralized Exchange Tokens (CEX) also had a strong month, rising 41.37%, while the “disruption” sector, which combines blockchain with user-focused applications, rose 24.4%. Decentralized finance (DeFi) and derivatives showed moderate growth of 13.2% and 12.3%, respectively, while real assets (RWA) increased by 7.21%.
Crypto AI rises, meme coins take a dive
Meme cryptocurrencies saw a 28.7% decline during the month, possibly due to waning investor interest. A recent Binance report noted that the tokens have overtaken Bitcoin and Ethereum in ownership, but the prices of major assets such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) have fallen by double digits. Dujuifat (WIF) shares witnessed the largest decline, losing 41% of its value.
The modules category recorded the largest loss, falling by 32.1%, followed by low-risk tokens (LRTs), which fell by 30.8%. GameFi tokens and privacy tokens also declined, with losses of 21.78% and 12.46%, respectively.
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