The value of the Virtuals Protocol ecosystem surged by 28% over the last day, bringing the total market capitalization of the Base blockchain tokens to $1.9 billion, according to CoinGecko.
The native token of the Virtuals Protocol, VIRTUAL, is currently trading at $1.38—up nearly 29% in the last 24 hours and 161% over the last week. It's set an all-time high in the process, bounding into the top 100 cryptocurrencies by market cap.
What’s driving the sudden interest in Virtuals? Demand for AI agents, or AI-powered autonomous programs designed to perform tasks on their own and mimic how humans would handle a specific situation. These agents can understand their environment, make decisions, and take action to achieve their goals.
The rise in interest in AI agents is the latest in the blockchain industry’s pivot to artificial intelligence technology and tokenization. And amid recent demand for crypto tokens tied to AI agents and ecosystems, Virtuals is the latest big winner.
Launched in January on Base, Coinbase’s Ethereum layer-2 scali...
