Crypto AI Agents are facing a tough market, with top coins down sharply and investor interest shifting toward utility over hype. Despite the decline, Ethereum-based projects are gaining ground, overtaking Base to become the second-largest chain in the sector behind Solana.

At the same time, the total number of AI agents continues to grow, signaling that builders are still actively experimenting. While prices drop, development momentum suggests the narrative isn’t over yet.

AI agent-focused crypto coins have dropped sharply in the past week, with AIXBT leading losses after a 32% correction. Most tokens in the sector are down double digits, reflecting fading short-term hype.

Artificial Superintelligence Alliance (FET) is the only project still above a $1 billion market cap. Its current market cap is $1.1 billion, well below its $5 billion peak from December 2024.

The drop suggests investors are becoming more selective, focusing less on hype and more on real utility.

Projects with no clear use case may continue to struggle.

Solana still leads the crypto AI agent space with $1.88 billion in market cap, but Ethereum is closing in fast at $1.75 billion. It recently overtook Base to become the second-largest chain in this sector.

Base and BNB remain active players, though their numbers have steadily declined since early March. The trend shows a shift in developer and investor attention toward Ethereum-based projects.

Despite falling prices, the number of agents has been steadily rising since early March—even as Binance cofounder CZ recently claimed that only 0.05% of AI agents truly need tokens.

The total count grew from 1,512 on March 3 to 1,529 by April 2.

This slow but consistent growth suggests builders are still experimenting with the tech, even as the broader market cools, showing that crypto AI agents sector is still searching for its place in the crypto narrative.

The post Crypto AI Agents Expand in Number Despite Declining Market Caps appeared first on BeInCrypto.

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