AI Agent is currently experiencing a boom cycle similar to the DeFi Summer.

The market value of the AI Agent sector has exceeded $16.6 billion, with a growth rate of up to 53.79% in the past 7 days. Against the backdrop of the entire cryptocurrency market being in a period of volatility, the AI Agent ecosystem is expanding at an astonishing pace.

Especially the AI Agent projects driven by Meme culture have quickly become a new focus of traffic and attention due to their low barriers to token issuance and trading processes. These projects significantly lower the participation threshold for ordinary users by using humorous expressions, highly interactive community culture, and user-friendly communication strategies, attracting a large number of non-professional users to join.

This is essentially a cultural rebellion against traditional "VC coins" and a continuation of the Meme narrative. The integration of AI Agents not only lowers the participation threshold and expands the potential market size, but also injects more inclusivity and sustainability into the AI × Crypto narrative.

The total market capitalization of the top 5 AI Agent sectors currently exceeds 7 billion USD, accounting for nearly 45%. Certain ecosystems have market capitalizations of 4.65 billion USD and 2.37 billion USD respectively, becoming benchmark cases in the entire cryptocurrency field.

However, the current prosperity of the "AI Agent" track is still mainly dominated by AI Memecoins or issuance platforms, and is still in the early stages of the "equity" economic narrative limited to fair asset issuance, needing further deepening of its reach.

Unlike DeFi, which requires users to actively learn complex financial tools, the AI Agent can directly provide users with personalized and intelligent services, lowering the participation threshold. By meeting the needs of more ordinary users through intelligent solutions, the AI Agent is not just a technical product, but also a brand new narrative of "equity" in the economy.

The practical uses of AI Agent are far from being as simple as issuing tokens. In the task-driven process of AgentGPT, AI Agent has already demonstrated its potential in areas such as on-chain trading strategies. Users only need to define the overall goal task, and the AI Agent can allocate tasks based on its own resources, breaking down the overall goal into a series of smaller tasks, and continuously executing and correcting them to ultimately achieve the overall goal.

This reflects the core vision of "intent-centered". Users only need to know the result they want ( intent ), without having to care about the intermediate processes and steps. AI trained on specific models can more accurately identify user intent and infer users' potential purposes and needs based on keyword information and other factors.

The true value of AI Agents lies in becoming the interactive application layer of Web3. Users do not need to understand complex systems; they can complete all on-chain operations simply by conversing with the AI Agent. This is expected to become the underlying infrastructure of Web3, deeply integrated with blockchain, smart contracts, and other technologies, giving rise to new application forms and business models.

The AI × Crypto narrative is rapidly completing its self-iteration, from the initial AI Meme craze to the gradual shift towards practical and interactive AI Agents. Market attention is refocusing, which means a narrative logic transition from random token speculation to actual technology implementation.

AI Agents are no longer just a marketing gimmick, but have truly integrated into industrial logic through value capture mechanisms, such as AI-driven KOLs, yield generation tools, trading and Alpha strategy optimization, as well as the construction of underlying infrastructure. AI technology is gradually shifting from entertaining narratives to being a tool for solving real problems.

In the field of AI Agents, infrastructure ( Infra ), as the core of Beta, represents an almost obvious value capture opportunity, with a narrative transmission path that is extremely clear. Although the explosion of AI Memecoins has stirred up a frenzy of funding and market attention, the ultimate landscape of projects that can emerge is far from certain, while Infra, as the "water seller", can almost sit on the fishing platform with the advantage of being the first in the ecosystem.

AI is evolving from a mere tool to a productive force driving industry transformation. This not only serves existing crypto users but may also attract traditional financial users into the on-chain ecosystem by lowering barriers, thereby constructing a more inclusive and sustainable economic logic.

AI Agent Infra is expected to become a key entry point for the intelligence of on-chain applications. Projects in the same track that have not yet been fully priced by the market may hide new value re-evaluation space, one important direction of which is data.

One important challenge faced by AI Agents is how to efficiently mine and utilize high-quality data. This not only determines the learning ability and decision-making level of the AI Agent, but also directly affects its practical application effectiveness and user experience.

For the blockchain ecosystem, social media data, web crawler data, and other sources may hold billions of signals, containing numerous use cases that can be derived and implemented, which can be fully personalized for mining and utilization. Such as tracking whale activities, analyzing "smart money" trades, monitoring on-chain address interactions, filtering differentiated on-chain users, and accurately reaching different player groups.

Data infrastructure is not only the support for the development of AI Agents, but also the core of their value creation and market promotion. A certain platform recently built a data service subnet and an AI Agent arena on a certain ecosystem, which is quite noteworthy.

The AI Agent Arena is a significant step towards the AI Agent platform, serving as a data infrastructure for a certain platform, making the data network no longer abstract, but empowering AI Agents in real-time, allowing them to evolve and iterate with a powerful reward mechanism, enabling AI Agents to compete in the arena. Just a few weeks after its launch, the arena has already attracted top AI Agents from multiple ecosystems.

A certain platform essentially revolves around "Infrastructure ( data ) + application scenarios ( Arena ) + token economy ( AI Agent )" to attract more users and developers to operate the platform, continuously expanding the AI Agent business scenarios and stimulating platform activity.

From a larger perspective, the narrative path of this type of AI Agent Infra is very clear - focusing on the "adaptability" issues of AI agents on the chain, addressing the efficiency, stability, and intelligence needs of on-chain operations. If this track continues to ferment, it is not only expected to build the infrastructure for the on-chain AI ecosystem but may also drive a comprehensive upgrade of the developer ecosystem and user experience.

According to the market rotation rules, the success of a certain project will also drive investors to pay attention to functionally complementary projects, technological innovations, or projects with low valuations in the same track, especially those with strong ecological building capabilities and clear narrative directions.

The improvement of infrastructure and the maturity of technology have allowed AI Agents to transition from the uncertain Alpha stage to the profitable and scalable Beta stage. From this perspective, Infra projects are an indispensable driving force in this process.

Overall, the current enthusiasm for AI Agent Infra is just the beginning, and the market's demand for on-chain intelligent infrastructure is rapidly expanding. The performance of certain projects has provided us with a good reference, and more projects with clear positioning, complementary functions, and undervalued valuations may gradually be discovered by the market. Opportunities for value re-evaluation often lie hidden in the dark lines of niche areas.

The AI Agent is not the end point, but the starting point: in the future of the crypto market, the AI Agent will not only be a component of the ecosystem but will also become an important driving force to advance the entire ecosystem. Infrastructure serves as the foundation of the ecosystem; any major trend cannot be supported without it. Whether it is certain pioneers or other potential Infra players, their commonality is embedding their value into the core of the entire ecosystem through technology and logic, and the market's recognition of this value is merely a matter of time.