Jul 28, 2023

Kaiko data reveals that AI-related cryptocurrency tokens, including Fetch.ai and Singularity Net, recently saw their lowest trading volumes since January, following a buzzy launch of ChatGPT that stimulated investor interest earlier this year.

Video transcript

The chart of the day is brought to you by crypto dot com. The world's fastest growing crypto app. Let's take a look at the chart of the day while companies like nvidia and Meta are seeing gains on A I innovation A I related tokens have been losing momentum hitting the lowest weekly trading volume since January. According to data from caco native tokens for fetch A I oasis network singularity net and more saw high trading volume earlier this year after the launch of Chat G BT in November 2022. Since then, this chart shows a decline data from shows the A I sector down roughly 4% in the last seven days with the top 10 A I tokens listed by market cap down more than 50% from their all time highs. Despite this A I tokens continue to react positively to A I related news. Like when Tesla, Ceo Elon Musk recently unveiled the plan for a new company called Xa I. That's it for today's chart of the day. I'm Jenna. We'll see you next time to unpack more of the data behind top news stories.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to coindesk.consensus.com to register and buy your pass now.