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Home” AI” Crypto AI representative platform Virtuals Protocol strikes $1.4 billion market cap
by
Estefano Gomez
Nov. 29, 2024
Virtuals Protocol’s AI representatives enhance Base adoption with $1.4 billion market cap and 150% token rise.
Image: Virtuals Protocol
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Virtuals Protocol, an AI representative implementation environment, has actually reached a peak market cap of $1.4 billion as the AI representative story broadens beyond Solana and encompasses Base.
The platform’ s native token, VIRTUAL, has actually risen 150% in worth over the previous week, driven by growing need within the community.
Base, the underlying blockchain for Virtuals Protocol, has actually likewise seen a rise in activity, with its overall worth locked (TVL) reaching an all-time high of $3.5 billion, surpasing Arbitrum, and weekly deals reaching almost 54 million.
Released on Base, Virtuals Protocol allows users to develop and release AI-powered virtual characters utilizing a comparable system to pump.fun.
Users can develop a representative by acquiring 10 VIRTUAL tokens, which are released on a bonding curve.
When the representative’ s token reaches a market cap of around $503,000, a liquidity swimming pool is immediately developed on Uniswap, coupled with the VIRTUAL token.
At this phase, the representative shifts into a completely self-governing entity efficient in handling a Twitter account, with $44.9 k of liquidity transferred into Uniswap and completely burned to support the community’ s stability.
Virtuals Protocol’ s appeal appears in the success of its AI representatives and their hidden tokens.
AIXBT, a representative supplying market insights to its 43,000 fans on X, saw its associated token reach a peak market cap of $200 million, though it has actually given that a little backtracked to $196 million.
VaderAI, another Virtuals’ Protocol representative, struck$50 million in market cap for its token after a 200% gain in the last 24 hours, driven by its concentrate on autonomously engaging with the crypto neighborhood through tweets and interactions.
LUNA, an AI representative influencer, saw its token hit a peak market cap of $100 million
The increase of Virtuals Protocol has actually accompanied a rise in activity on Base, which has now end up being the biggest Ethereum Layer 2 network.
The Phantom wallet’ s current combination with Base has actually likewise added to this development, offering retail users with simpler access to the community and driving interest in Virtuals Protocol.
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