The crypto market has experienced repeated pullbacks, with liquidity becoming increasingly scarce. Recently, new AI agent projects that have successfully launched have reached a maximum market cap (MC) of around $10 million. This is in stark contrast to 3 to 4 months ago, when AI agent projects that achieved product-market fit (PMF) could reach market caps of over $100 million, especially those positioning themselves as "agent + framework/launch platform tokens." For example, $AVA, as a 3D ag...

The crypto market has experienced repeated pullbacks, with liquidity becoming increasingly scarce. Recently, new AI agent projects that have successfully launched have reached a maximum market cap (MC) of around $10 million. This is in stark contrast to 3 to 4 months ago, when AI agent projects that achieved product-market fit (PMF) could reach market caps of over $100 million, especially those positioning themselves as "agent + framework/launch platform tokens." For example, $AVA, as a 3D ag...