The crypto AI agents market experienced explosive growth in Q4 2024, with its market capitalization surging by 220%, from $4.8 billion in October to $15.4 billion by December.
This remarkable boom was catalyzed by the launch of Goatseus Maximus (GOAT) meme coin, on Solana (SOL) in early October, which positioned AI agents as a rapidly emerging category within the space.
The “2024 Annual Crypto Industry Report” published by CoinGecko shed light on the fierce competition within the crypto AI agents market.
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By late 2024, Coinbase’s (NASDAQ: COIN) Layer-2 (L2) network Base, had made significant inroads, claiming a portion of Solana’s market share through projects like AIXBT and Virtuals Protocol (VIRTUAL).
However, Solana began reclaiming its dominance in December with the launch of GRIFFAIN and AI Rig Complex (ARC).
Volatility challenges the narrative
Despite its explosive growth, the crypto AI agents market has faced significant volatility. After peaking at a $20 billion valuation in early January 2025, the market experienced a sharp correction, dropping 43.5% to $11.3 billion.
However, it quickly rebounded, gaining 52.3% to reach $17.21 billion at press time, according to data from Cookie.fun.
Currently, with the global cryptocurrency market cap standing at $3.62 trillion, AI agents account for 0.47% of the total market. While this reflects their growing influence, it also highlights their relatively small footprint in the broader crypto ecosystem.
Earlier this year, on January 2, Finbold reported AI cryptocurrencies nearing the $11 billion market cap, again reflecting the exponential growth and volatility of this sector.
AI agent market leaders
Solana remains the leading network for crypto AI agents, commanding a 52.83% market share with a market capitalization of $9.9 billion, according to recent data.
Base holds a significant 38.26% market share, valued at $7.17 billion, while other blockchains collectively account for the remaining 8.91%, or $1.67 billion, of the market cap.
Although smaller networks hold a minor share, they are beginning to attract attention as the sector continues to grow, signaling increasing competition and innovation within the space.
Moreover, several AI-based tokens have surged recently, driven by a Franklin Templeton report that predicts AI agents will revolutionize content generation on social media.
PIPPIN led the rally with a 270% increase, followed by AIXBT, which rose by 77%, and AVA, climbing 60% over the past week. Meanwhile, VIRTUAL and GRIFFAIN posted gains of 5.7% and 30%, respectively.
Featured image via Shutterstock
