AI agent ”Virtualz” sees daily revenue plummet to $500... Token price also falls 90%

Once valued at billions of dollars, the AI agent platform VIRTUAL has seen its revenues plummet since January and is now
The daily rate has fallen to $500. On the 8th (local time), Sharples, a researcher at Blockworks, said that X's post
"This is one of the most shocking charts of this cycle," he said, pointing out the sharp decline in Virtuals' revenue. He also said, "It's been about a week since the last new AI agent was released."
"This is a dramatic drop from the more than 1,000 AI agents being generated per day at the end of November last year," said Dune Analytics.
On January 2nd of this year, when Virtuals hit its all-time high of $4.61, the platform generated more than $500,000 in daily revenue.
However, some analysts believe this was the peak of the AI agent sector. On January 25, Virtualz announced its expansion into the Solana (SOL) ecosystem, but the price continued to fall.
The decline continued. As of April 7, VIRTUAL revealed that its daily revenue was less than $500, and its token price had fallen to $0.42.
According to Dune analytics, the total market capitalization of AI agent-related cryptocurrencies is now $150 million.
Of this, $76.6 million is allocated to the AIXBT project, which aims to capture trends through sentiment analysis of social media X.
However, AIXBT has also plummeted 92% from its peak of $0.90 on January 16th and is currently trading at $0.07.
On the other hand, many industry players have criticized existing AI agents for lacking functionality.
AI commentator BitDuke said in relation to VIRTUAL's sudden drop in revenue, "No one is interested in a service that just puts an external layer on chat GPT these days."
Who didn't know that fact?" Another AI expert, "DHH," wrote on X on April 8, "I'm also a supporter of AI, but I don't think AI will replace good developers right now.
"You're wrong if you believe you can," he said, adding, "Maybe one day that day will come, but it's not now."