AI Focused Tokens Lead with Over $3 Billion in Trading Volume

AI Focused Tokens Lead with Over $3 Billion in Trading Volume

Crypto News – Over the last six weeks, the cryptocurrency market has witnessed a significant surge in trading volumes, particularly in projects centered around artificial intelligence (AI). Kaiko, a prominent on-chain analytics firm, revealed through a recent tweet that AI-centric cryptocurrencies have seen a consistent increase in trading volumes since mid-October. The leaders of this upward trend, as identified by Kaiko, are Render (RNDR), Worldcoin (WLD), and Fetch.ai (FET).

The data accompanying Kaiko’s announcement shows that at the start of October, trading volumes for AI tokens were under $1 billion. However, this figure has impressively soared, surpassing a 200% increase, and recently crossed the $3 billion mark.

According to the provided chart, early November experienced the highest trading activity in the last four months, with AI token trading volumes exceeding $3 billion. Post this peak, however, the trading volumes have varied, oscillating between $2 billion and $3 billion.

A noteworthy detail in the chart is the significant trading activity related to the WLD token, linked to Sam Altman, the CEO of OpenAI. The surge in WLD’s trading activities in recent weeks could be attributed to Altman’s return to the CEO position at OpenAI in the third week of November, following a brief period of absence.

Furthermore, the chart shows that since its inception in July, Worldcoin has been a frontrunner in the AI token market. During October and November, Render (RNDR) closely contested with Worldcoin in terms of trading activities.

In parallel, Fetch.ai’s token, FET, has closely followed the trail of WLD and RNDR in the rankings. According to CoinMarketCap, FET boasts a market valuation exceeding $435 million, with a current price of $0.5312. Additionally, CoinMarketCap’s data indicates that AI-focused projects have collectively garnered a market share surpassing $10 billion, marking a significant milestone in the crypto-AI intersection.