AI agent platform Virtuals revenue plunges to $500 a day with token down 90%

The once multibillion-dollar valued AI platform Virtuals Protocol hasn’t launched a new AI agent in about a week, says one researcher, and its revenue has plunged since January.
The artificial intelligence agent creation and monetization platform Virtuals Protocol has seen its daily revenue plummet to just $500 as demand for crypto AI agents continues to wane.
“Probably one of the wildest crypto charts of the cycle,” Blockworks researcher Sharples said in an April 8 X post.
Sharples said that it has “been about a week” since a new AI agent launched on Virtuals compared to late November when the platform was helping make over 1,000 new AI agents a day, according to Dune Analytics data.