On March 23, 2025, Milk Road (@Milkroaddaily) tweeted a comparison between the trajectories of the market for defects and AI, noting that in 2020, Defi reached a total market capitalization of 12 billion dollars during what was called “ Summer Defi ”, before crashing at 8 billion dollars. Despite this accident, Defi has shown resilience and growth since. Currently, AI agents are experiencing a similar model, their market capitalization from a peak of $ 15 billion to $ 4.5 billion (Milk Road, March 23, 2025). This tweet invites an analysis of the current state of AI agents and their potential to follow the DEFI recovery path.
The commercial implications of the current decline in the market capitalization of AI agents are important. On March 23, 2025, at 10:00 a.m. UTC, the AI token index, followed by Coingecko, showed a drop of 15% last week, with negotiation volumes increasing by the same period (Coingecko, March 23, 2025). This increase in volume in the middle of a drop in prices suggests increased market activity and a potential panic sale. On the other hand, large cryptocurrencies like Bitcoin and Ethereum experienced a more moderate drop by 3% and 5% respectively during the same period, indicating a decoupling of AI tokens from the wider cryptography market (Coinbase, March 23, 2025). This divergence offers trading possibilities in AI -related tokens such as singularitynet (Agix) and Fetch.ai (FET), which has seen an increase in volatility and trading volumes, with Agix merchant at $ 0.85 with a volume of $ 120 million and FET at $ 0.32 with a volume of $ 85 million (Binance, March 23, 2025).
Technical indicators and volume data further claims the current state of the agent of AI. On March 23, 2025, at 10:00 a.m. UTC, the relative force index (RSI) for the AI token index was 35, indicating an occurrence condition, which could report a potential rebound (tradingView, March 23, 2025). The divergence of Mobile Average Convergence (MACD) has shown a lower crossover, suggesting a continuous drop momentum (TradingView, March 23, 2025). Chain metrics reveal that the number of active addresses for tokens AI decreased by 10% in last week, indicating a reduction in user engagement (Glassnode, March 23, 2025). However, the total locked value (TVL) in AI agent protocols remained stable at 3.2 billion dollars, which suggests that if the market capitalization has decreased, the underlying value of these protocols has not significantly eroded (DEFI LLAMA, March 23, 2025).
The correlation between AI developments and the cryptography market is obvious in the trading models of tokens linked to AI. The recent decrease in the market capitalization of AI agents aligns with the broader feeling of the market influenced by the technological progress of AI, such as the release of new models and Apps of AI (Techcrunch, March 20, 2025). This progress has led to a temporary change in the orientation of investors far from the AI tokens to other sectors, causing the observed decline. However, the historical data of the resumption of DEFI suggest that if AI agents can demonstrate the utility and continuous adoption, there is a similar rebound potential. The increased volatility of AI tokens has trading opportunities, especially in short -term strategies that take advantage of the current market dynamics. Surveillance of IA -focused commercial volume changes, such as overvoltage of 25%, can provide information on changes in market feelings and potential entry or exit points for merchants (Coingecko, March 23, 2025).
