Virtuals Protocol’s daily revenue has plunged over 96% since January, raising concerns about the sustainability of AI-driven projects in the crypto market.
Despite expansion efforts into Solana, Virtuals Protocol struggles to regain momentum as investor interest in AI agents continues to decline.
Virtuals Protocol, once one of the most promising projects in the AI agent sector, is now facing major challenges. Reflecting a significant industry trend, its daily revenue has dropped by more than 96% since its peak at the beginning of the year.
Not only that, the price movement of the VIRTUAL token has also shown great pressure, recording a sharp correction in the past week.
From Million-Dollar Days to Struggles: Virtuals Protocol’s Decline
It is still fresh in the memory when Virtuals Protocol revealed early January daily revenue exceeding $1 million. Still, the figure is much different now. The daily revenue of the project has dropped to less than $35,000, according to Dune.
