- The market capitalization of AI tokens dropped by 29.33% in the last 30 days, despite increasing adoption of web3.
- Global crypto users have reached 659 million, indicating a rise in adoption.
Despite the surge in web3 adoption, AI-focused tokens experienced a significant decline. This divergence suggests a major disconnect between AI tokens and the broader use of web3.
Web3’s Growth Not Impacting AI Coins Yet
In the last month, the market capitalization of AI tokens plummeted by 29.33% to $26.72 billion. Bittensor [TAO] saw a 29% decline over the same period, showing losses across all charts.
TAO’s market cap also dropped by 4.24% with a 14% decrease in trading volume, indicating strong downward pressure.
Source: CoinMarketCap
Near Protocol [NEAR] witnessed a 27.12% decline during the same period, with a 4.45% drop in market cap.
Artificial Superintelligence [FET] and Render [RNDR] also experienced significant losses, indicating a shift in investor behavior.
Surging Adoption Metrics in Web3
While AI tokens are on the decline, web3 adoption is on the rise, driven by the potential of decentralized technology.
Source: MordorIntelligence
The Web3 blockchain market is expected to grow from $7.23 billion in 2025 to $42.29 billion by 2030, as per Mordor Intelligence.
The increasing demand for this technology, especially in emerging markets, has led to a surge in crypto users to 659 million in 2024, a 14% year-over-year increase, according to Triple-A.
The total market value of crypto assets has reached $3.2 trillion, although it is a decrease from the peak of $3.8 trillion in December 2024.
AI Tokens Decoupling from Nvidia Stock
Nvidia’s stock closed at $155.09 on June 27, up 6.66% in five days, with a market cap of $3.78 trillion.
Source: Google Finance
Typically, a strong rally in AI-related equities like Nvidia would positively impact AI token sentiment, but this correlation seems to have broken.
AI tokens no longer seem to follow Nvidia’s upward trend, indicating a new phase of divergence between equities and tokens.
With this diminishing correlation, AI tokens now appear more connected to broader crypto trends than to real-world AI giants.
Their performance seems to align more with altcoin movements than with Nvidia’s gains, suggesting a shift in investor sentiment.
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