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Crypto AI Agents Expand in Number Despite Declining Market Caps

2 mins
Updated by Tiago Amaral
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In Brief

  • Crypto AI agent coins plunge, with top tokens like AIXBT down 32%, as investors prioritize utility over speculative hype.
  • Ethereum overtakes Base as the second-largest chain in the AI sector, with developers shifting focus toward utility-driven platforms.
  • Despite falling prices, the number of AI agents continues to rise, signaling ongoing builder interest and sector resilience.
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Crypto AI Agents are facing a tough market, with top coins down sharply and investor interest shifting toward utility over hype. Despite the decline, Ethereum-based projects are gaining ground, overtaking Base to become the second-largest chain in the sector behind Solana.

At the same time, the total number of AI agents continues to grow, signaling that builders are still actively experimenting. While prices drop, development momentum suggests the narrative isn’t over yet.

The Top 10 Coins Continue to Struggle as Ethereum’s Crypto AI Agents Overtake Base

AI agent-focused crypto coins have dropped sharply in the past week, with AIXBT leading losses after a 32% correction. Most tokens in the sector are down double digits, reflecting fading short-term hype.

Artificial Superintelligence Alliance (FET) is the only project still above a $1 billion market cap. Its current market cap is $1.1 billion, well below its $5 billion peak from December 2024.

Top 10 Biggest Crypto AI Agents Coins.
Top 10 Biggest Crypto AI Agents Coins. Source: Coingecko.

The drop suggests investors are becoming more selective, focusing less on hype and more on real utility.

Projects with no clear use case may continue to struggle.

Crypto AI Agents Dominance per Chain.
Crypto AI Agents Dominance per Chain. Source: cookie.fun.

Solana still leads the crypto AI agent space with $1.88 billion in market cap, but Ethereum is closing in fast at $1.75 billion. It recently overtook Base to become the second-largest chain in this sector.

Base and BNB remain active players, though their numbers have steadily declined since early March. The trend shows a shift in developer and investor attention toward Ethereum-based projects.

New Agents Had A Relevant Rise In March

Despite falling prices, the number of agents has been steadily rising since early March—even as Binance cofounder CZ recently claimed that only 0.05% of AI agents truly need tokens.

Crypto AI Agents Market Cap and Agents Count.
Agents Market Cap and Agents Count. Source: cookie.fun.

The total count grew from 1,512 on March 3 to 1,529 by April 2.

This slow but consistent growth suggests builders are still experimenting with the tech, even as the broader market cools, showing that crypto AI agents sector is still searching for its place in the crypto narrative.

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Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

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Tiago Amaral
He is a marketing professional turned coder, passionate about programming, data, cryptocurrency, and writing. He holds a degree in Marketing and Advertising, along with a certification in Disruptive Strategy from Harvard Business School. He enjoys querying blockchain data and uncovering valuable insights hidden within datasets.
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