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.

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.

Cronos Labs urges Crypto-AI integration in 3 key areas

cyptouser1 years ago (2023-07-19)338

At the Ethereum Community Conference (EthCC) on July 19, Ken Timsit, Managing Director of Cronos Labs, delved into emerging use cases and limitations of blockchain-enabled AI.

Based on research from 200+ Cronos Accelerator applicants, Timsit aimed to cut through the hype and identify high-impact applications.

He organized crypto-AI innovation into three buckets: supercharging productivity, decentralized identity, and powering the AI economy.

10X Productivity and User Experience

“If you’re a blockchain builder…using AI to improve the productivity and user experience is where we see most of the value,” Timsit noted. Though crypto has not yet achieved the productivity of traditional finance, AI can help close the gap.

At the Ethereum Community Conference (EthCC) on July 19, Ken Timsit, Managing Director of...