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Analyst Note: Agent Update

DATE POSTED:February 25, 2025

The agent meta, once a market favorite, has seen a downturn due to fragmented liquidity, copy-paste projects, and declining demand. Despite this, some teams continue building. Virtuals Protocol expanded to Solana but saw a slowdown in agent token creation and revenue while introducing a new standard for agent-to-agent commerce. LUNA is launching a framework for 24/7 live-streaming agents, requiring brands to allocate tokens. ElizaOS, formerly ai16zDAO, remains active with over 100 integrated plugins, focusing on trading agents and automated treasury management. AI Rig Complex launched its ARC Forge token platform but faced setbacks during its first launch. Holoworld AI expanded to BSC and implemented a credit system for using its AI-driven avatars and content generation. Other projects like Infera, MyShell, and Kudo continue to push agent-related innovations, though the space suffers from an oversupply of infrastructure with limited sustained demand.

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