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Today's News Recap
Bitcoin Gets The Boot - South Korea's central bank rules out Bitcoin as a reserve asset.
Security Suspension - OKX suspends DEX aggregator to address security concerns and prevent misuse by Lazarus.
Staked SOL - Bybit introduces margin staked SOL, balancing earning potentials with leverage.
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Two Bits
The AI Agent Sector: Growth, Decline, and Potential Recovery
By: Nick Garcia
Coming into 2025, the crypto AI agent sector experienced rapid growth, reaching over $20 billion in a few months. However, the market became overheated, leading to significant declines since the beginning of the year. Most projects have lost more than 90% of their value, with only a few expected to recover. Identifying these potential survivors presents an opportunity.
Three leading candidates for revival include Virtuals, Eliza, and Arc. Below are key developments for each project from the past few months:
Virtuals expanded to Solana in early 2025 to enhance scalability and interoperability. In February, it launched the Prototype-2-Sentience Program to support AI agent development and introduced a venture arm to fund AI teams. In March, the protocol announced the Agent Commerce Protocol (ACP) to standardize monetization within its ecosystem.
Eliza introduced a GitHub adapter in late 2024 for AI-driven code generation. In early 2025, the founder Shaw unveiled progress on Eliza v2. That same month, AI16Z rebranded to ElizaOS. In March, Shaw live-streamed a 16-hour "Eliza v2 hacking" session.
Arc partnered with Solana to support AI innovation and launched grants for Rust-based agents using Rig. In February, it introduced the "FORGE" Agent Launchpad, enabling AI-driven trading projects like AskJimmy. By March, Arc was developing an "Agent Stack" and "AppStore for Agents" for DeFi and Web2 integrations.
As the AI agent sector continues to evolve, these developments highlight potential paths for recovery and long-term viability.
Source: Cookie.fun
