![AI tokens see the lowest weekly trading volume this year](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2023/07/ai-volume.jpg&w=600&h=315&q=75)
A recent report from data analytics firm Kaiko revealed decreased trading activity for AI-related tokens.
The report analyzed weekly trading volumes for some of the most popular AI-related tokens, such as Fetch.ai (FET), Injective (INJ), Oasis Network (ROSE), Render (RNDR), SingularityNET (AGIX), and The Graph (GRT). According to Kaiko’s findings, these tokens have experienced the lowest weekly trading volume since the beginning of the year.
Graph showing the weekly trading volume for AI-related tokens from September 2022 to July 2023 (Source: Kaiko)
Data from CryptoSlate also reflects the struggles of the AI token sector to maintain its momentum. Evaluations of the top five AI coins by market cap indicate a relatively flat performance, with these tokens recovering most of their losses from the previous week.
However, despite these price recoveries, it is critical to remember that price is not always an accurate measure of overall performance; trading volume often provides a more telling gauge of a token’s vitality.
A recent report from data analytics firm Kaiko revealed decreased trading activity for AI-...
cyptouser1 years ago625
Generative Artificial Intelligence (AI) continues to make waves in the enterprise market with ABI Re...
cyptouser1 years ago635
During the Q2 Earnings Call, Meta CEO Mark Zuckerberg outlined the company’s commitment to its...
cyptouser1 years ago321
The U.S. Securities and Exchange Commission (SEC) has adopted a new set of rules for financial servi...
cyptouser1 years ago302
Several tech and AI companies, including GitHub and HuggingFace, have written to European policymake...
cyptouser1 years ago286
Alphabet — the parent company of Google — and Microsoft both described their art...
cyptouser1 years ago353
OpenAI, the artificial intelligence research lab, has introduced a new update to its popular ap...
cyptouser1 years ago338
At the Ethereum Community Conference (EthCC) on July 19, Ken Timsit, Managing Director of...