AI Agents DApp Virtuals Protocol Surges 22% After Stellar Start

VIRTUAL, the native token of Virtuals Protocol, a decentralized app (DApp) for creating AI agents, has recorded an impressive 22% surge in price over the past 24 hours. The price surge was accompanied by a 36.5% spike in trading volume.

According to data from CoinMarketCap, VIRTUAL hit an all-time high (ATH) of $5.07 on Thursday morning. The token was trading at $4.84 at press time, with a $4.5 billion market cap.

What is Virtuals Protocol?

Dubbed the “Shopify of AI agents”, Virtuals Protocol is an AI agent generator platform that allows developers to create and deploy customizable AI agents. Built on the Ethereum Layer-2 network, Base, the platform leverages the power of blockchain technology to tokenize AI agents, enabling co-ownership and revenue sharing. 

Virtuals Protocol introduces a creative approach to the creation and monetization of AI agents. These AI agents are designed with advanced decision-making and learning capabilities, enabling them to autonomously execute tasks based on the analysis of data and inputs from their surroundings. 

The platform’s long-term goal is to enable anyone to create and tokenize an AI agent without any technical expertise. With its unique revenue-sharing feature, Virtuals Protocol aims to create an ecosystem where users pay to use these AI agents, generating income for the token holders.

Virtuals’ Impressive Growth 

Virtuals Protocol is currently one of the leading platforms in the emerging AI crypto space. Since its launch in October 2024, Virtuals Protocol has witnessed strong user engagement and surging adoption. 

The platform currently has over 220,000 holders of agent coins, powering $2 billion in market cap of AI agents. It has also generated $60 million in protocol revenue and approximately $300 million in annualized revenue, placing it among the top 10 crypto protocols in the world. 

Some of Virtuals’ top AI agents have received massive attention from investors, resulting in a spike in their market caps. Virtuals’ top agents like G.A.M.E and LUNA currently have a market cap of $326 million and $141 million respectively.