Virtuals Protocol revenue down 97% as AI agent demand fades

AI agents platform Virtuals Protocol has seen its popularity dwindle and its performance stats decline across the board.

Virtuals Protocol, an AI agent platform enabling the creation and monetization of AI-driven virtual entities on the blockchain, has seen its daily trading revenue plummet by 96.8% despite expanding from Coinbase’s Ethereum layer-2 Base to Solana.

According to Dune Analytics data, the protocol recorded its highest daily revenue of over $1 million on Jan. 2, but that figure had dropped to less than $35,000 as of Feb. 27.

Revenue from the Base virtual app has been particularly weak, with earnings remaining below $1,000 for 10 consecutive days, declining from its daily peak of $859,000 on Oct. 27, 2024. In total, Virtuals generated $28,492 on the Base network and $6,300 on Solana on Feb. 27.

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