- AGIX and FET gained 11% last week, but AI tokens had mixed performances.
- Since February, the trading volume for AI tokens has climbed to $8 billion per week.
- AI tokens’ market share on Binance fell to 39%, while Korean and US exchanges increased.
While Nvidia Corporation (NVDA) reported better-than-expected profits, AI-linked tokens experienced mixed performance last week.
Both the AGIX decentralized AI marketplace from SingularityNET and the Fetch.ai (FET) AI-focused cryptocurrency protocol had 11% increases. However, Render (RNDR) and Akash Network (AKT) had lesser returns, and NEAR ended the week in the red.
Even with the uneven performance, AI tokens have largely outperformed this year. Year to date, they have enjoyed gains ranging from 60% to 250%, even outperforming the stellar performance of Nvidia.
Since February, the average weekly transaction volume for these tokens has increased dramatically, from a historic low of $300 million in the middle of 2023.
Remarkably, global AI trading volumes have shifted noticeably to regulated exchanges. While Binance continues to dominate rapidly-expanding market niches like meme tokens, as of last week…
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