The Agentic Future: AI Agent Weekly Analysis (9.9.25)
DeAI surges: market cap up 7% to $31bn, NEAR flips TAO, Flock rallies 73%, and agents hit $14bn. Fundamentals, hybrid decentralization, and agent-driven growth define this week’s AI boom.
I’ll use a decade of traditional finance/corporate experience to refine the chaos into bite-sized chunks for you to digest
This newsletter consists of three parts:
Snippet Partner (Momentum — MMT Finance)
Market Overview
Emerging Developments
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DeAI mindshare dips this week marginally, down 1%:
This isn’t surprising given the RWA boom this week:
Tokenized Pokemon cards hitting record volumes:
Then using AI Agents to aggregate this data into a single source of truth will be invaluable.
Developments in stablecoin issuance with:
Hyperliquid stablecoin (USDH) governance battle, with “grown men writing public love letters to their protocol so that they may be picked as a partner”
Ethena supporting MegaETH in developing their stablecoin, USDM
The overall DeAI market cap is on the rise, up 7% to $31.3bn:
There's a 'hockey stick' in DeAI token volumes:
1) NEAR flips TAO in market cap as:
a) Its Near Intents (protocol for multichain financial products, to replace CEXs) crosses a billion dollars in all time volume
b) FractionAI_xyz's trading prediction markets leverages NEAR's Shade Agent Framework.
2) Flock also soars 73% as it gets listed on Coinbase DEX, as it pioneers building decentralized AI training infrastructures on base
Key Themes/ Observations:
Return to Fundamentals:
The narrative around sustainable business models is finally resonating with Crypto Twitter as ENA, Hype and Pump become frequent mentions:
AI is no different, with a plethora of revenue generating activities giving the industry product market fit and moving it to a more mature part of the cycle:
Inference, Compute, Data
Stablecoin yield backed by AI activity
Subscription models for AI services
Read this article for more examples.
Hybrid Decentralization:
As more tradFi enter crypto through ways other than Digital Asset Treasuries (DATs) it’s likely the age old Cryptopunk ethos of decentralization will be sullied.
An optimal middle ground will likely prevail as more pragmatic solutions find real use cases while sustaining some of the strong elements of crypto origins.
Weekly Crypto AI Agent Analysis
a) Nansen Capital Flow Analysis
The two that standout here haven’t got any announcements (yet):
Griffain: The Founder (Tony P) highlighted they had been building in silence - perhaps someone knows something? Tony posts for the first time in two weeks:
GIZA: Rumours suggest that there’s a big update this week.
b) Cookie Mindshare Analysis
Currently, there are 2,024 AI Agents recorded on Cookie totalling $13.8bn:
This is a decrease of 148 agents but an increase of $1.2bn (+10%) market cap, as some of the discontinued agents are culled from the Cookie platform, and users concentrate capital in the higher performers:
Top five by attention:
Openledger is the standout as it launches its token with Binance listing sending FDV over $1bn. This will certainly be watched by other pre-TGE protocols who will also be looking to go live.
Cookie surges 23% as its Openledger Yaps campaign concludes with recipients doing well, a fresh algo update and Attention Capital Markets rolling out with Almanak having recently raised via Legion.
For the daily analysis you can refer direct to my X account where I break down market developments as they emerge.
Here are some other interesting Crypto AI related developments this week — Link
News included in the above:
KiteAI raises an additional $18m PayPal leads this one, highlighting that tradFi is coming for crypto AI
FractionAI partners with Near to launch Prediction Market agents using Near's Shade Agent framework
Nansen's AI Agent allegedly acquits Justin Sun of the initial WLFI price dump
Gaia launches the very first sovereign AI phone
USDai submits a proposal for Talos
Chutes launches its own decentralized ChatGPT competitor
Billy Bets closes a $1m pre-seed round to disrupt the sports betting industry, backed by Coinbase Ventures
Venice rolls out chat functionality for its users
0g labs partners with BitGo for institutional grade custody and staking
Monitize AI announces its $1.1m raise to contribute towards a fresh vision: Physical AI
Other news:
Additional Resources:
Crypto × AI: funding rounds, protocol upgrades, and fresh research - Link
That’s a wrap for issue 141 of S4mmy’s Snippets. I hope you enjoyed it.
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Disclaimer: The content covered in this newsletter is not to be considered investment or financial advice. It is for informational and educational purposes only.
I hold some of the assets and have partnerships with some of the projects mentioned in this newsletter.