1/2 🧵 Virtuals Protocol, a blockchain-powered AI agent platform, has experienced a steep revenue drop despite its expansion from Coinbase’s Ethereum layer-2 Base to Solana.
2/2 🧵
The platform’s daily trading revenue has plummeted by 96.8%, falling from a high of $1 million on January 2 to below $35,000 as of February 27.
I was literally just looking at that chart. The hype seems to have died 💀
Down 70+% the last 3 months
Most AI projects not in good shape, I observed tend on Binance.
2/2 🧵
The platform’s daily trading revenue has plummeted by 96.8%, falling from a high of $1 million on January 2 to below $35,000 as of February 27.