VVV surged over 10x within a year. Is the Base ecosystem the last hope for Crypto AI?
- Key Thesis: The Base ecosystem has become the core active hub for AI concepts in the cryptocurrency space. Fueled by the dual-token models of projects like VVV and Virtual, launchpad infrastructure, and real business revenue, it has driven the prosperity of AI Agents and payment protocols. However, whether it can realize the vision of an "AI on-chain world" remains uncertain.
- Key Elements:
- VVV and DIEM form a dual-token asset model, combined with Venice AI's real business buyback and burn mechanism, pushing the VVV price to around $18, with a current circulating market cap of approximately $740 million.
- Virtual platform, as a leading launchpad, supports over 15,800 AI projects, with an aGDP scale of $477 million. The VIRTUAL token market cap is currently reported at $360 million.
- Clanker allows token deployment via Farcaster messages. 60% of its 1% transaction fee is used to buy back and burn CLANKER, with a single-day record of launching 21,870 new tokens.
- Freysa AI (FAI) is positioned as a sovereign AI agent, enabling AI to autonomously control assets and make decisions. Its market cap once exceeded $660 million, but subsequent activity has declined.
- ELSA, as an AI-driven DeFi assistant, completed a $3 million seed round, with ecosystem transaction volume exceeding $500 million and a token market cap of around $63 million.
- Warden Protocol provides modular L1/OS services, supporting 20 million users in processing over 60 million tasks. However, the market cap of its Base ecosystem token is only $128,000.
Original｜Odaily Planet Daily (@OdailyChina)
Author｜Wenser (@wenser 2010 )
The AI boom continues to surge. In the crypto space, the Base ecosystem has become the "village's last hope" for AI concepts.
Aside from VVV's 1076% increase this year, Virtual and Clanker are also steadily building. The AI Agent payment-related x402 protocol continues to develop steadily. Platforms based on real-world AI Agent businesses, including L1s, operating systems, wallets, and social platforms, are also emerging.
Odaily Planet Daily has compiled information on several Base ecosystem AI concept tokens, including VVV, for readers' reference.
VVV: The Undisputed AI King of the Base Ecosystem
Odaily Planet Daily has previously provided multiple follow-up introductions to VVV, including the article "Debuting on Coinbase, What is VVV (Venice) with a Market Cap Surging to $2 Billion?" published during its token launch in January, and the article "OpenClaw Supports Venice.ai, Token VVV Surges Over 500% in a Month" when its price soared over 500% in March.
Since then, the dual-token asset model consisting of "VVV & Computing Power Token DIEM," combined with the real business revenue from Venice AI (used for token buybacks and burns) under the "Privacy AI" concept, has propelled the VVV token's continuous rise, reaching around $18. Previously, Venice.ai officially updated its Agentic Chat feature on the 22nd; it was also synchronized and updated after the launch of the Claude 4.8 Opus model.
According to GMGN data, VVV's price has currently pulled back to around $16.
Additionally, according to information from the Venice data website, VVV's current circulating market cap is approximately $740 million, with an FDV of around $1.3 billion. DIEM is temporarily quoted at around $1,367, with a circulating market cap of approximately $50 million and an FDV of about $52 million.
VIRTUAL: Leading Launchpad on Base
As the leading launchpad on the Base ecosystem, Virtual's platform token VIRTUAL remains one of the top projects in the AI track. Currently, the Virtual platform is primarily positioned as a "Co-ownership Layer for AI Agents + Launch Platform." It supports token creation, asset tokenization, and monetization of autonomous AI Agents. Each Agent has its own token, trades in pools like Uniswap V3, and generates real revenue through inference calls, social/gaming/DeFi activities. The platform currently supports over 15,800 AI projects, with an aGDP (AI Agent Economic Output) scale reaching $477 million.
According to GMGN data, VIRTUAL is temporarily priced at around $0.7, with a market cap of approximately $360 million.
Clanker: AI Launchpad Born on Farcaster
Initially emerging from the Farcaster ecosystem, this AI launch platform later expanded to the Base ecosystem. Its main mechanism is AI Agent token creation. Users only need to send a message on Farcaster/X for Clanker to deploy new tokens directly on Uniswap V3, with the token liquidity permanently locked. 60% of the 1% transaction fee is used for automatic buybacks and burns of CLANKER tokens.
The platform previously achieved a record of 21,870 new token launches in a single day before activity subsided.
Official Account: https://x.com/clanker_world
According to GMGN data, the CLANKER token price is temporarily quoted at $18, with its market cap retracting to around $18 million.
FAI: Sovereign AI Agent Concept Project
Freysa AI is an experimental project for the "Evolving Sovereign AI Agent" on the Base chain. The core concept is to create a truly autonomous AI agent with no human-controlled keys or memory. The AI autonomously manages its crypto wallet, assets, and decisions, evolving through interaction with global users via the Sovereign Agent Framework (SAF). The project is positioned as a personal AI product suite, emphasizing human agency, liquid democracy, and decentralized ownership. Its market cap once peaked at over $660 million, and it even received a reply tweet from Elon Musk, but it is currently in a narrative cold period.
Official Account: https://x.com/freysa_ai
According to GMGN data, FAI is temporarily priced at around $0.002, with a market cap of about $20 million.
ELSA: AI Agent Execution Layer on Base
This project is positioned as an "AI-powered DeFi Super Assistant + On-chain Agent Infrastructure." Its core function is to directly convert natural language instructions into secure, autonomous on-chain operations, allowing users to perform various DeFi management and application operations without needing to understand complex on-chain concepts. In June last year, the project completed a $3 million seed round led by M31 Capital, with participation from the Coinbase Ventures Base Ecosystem Fund. According to official data, the Elsa ecosystem covers nearly 95 wallets, with a total transaction volume exceeding $500 million.
Official Account: https://x.com/HeyElsaAI
According to GMGN data, ELSA is temporarily priced at $0.06, with a market cap of around $63 million.
WARD: Modular L1/OS for the Agentic Internet
Warden Protocol, whose main concept is Decentralized AI, offers features such as Warden Studio (create an Agent in <60 seconds), SPEx verifiable AI execution, cross-chain intent execution, and AI Agent wallets. According to official statements, it has served 20 million users and processed over 60 million tasks. It previously secured a $4 million strategic investment from projects including Messari and Venice.AI.
Official Account: https://x.com/wardenprotocol
According to GMGN data, the WARD token price has fallen to around $0.006, with a market cap within the Base ecosystem of only about $128,000. Its BSC ecosystem token has a market cap of approximately $2.4 million.
Beyond the projects mentioned above, AI concept Meme coins on the Base ecosystem have also been quite popular. Recently, Base ecosystem tokens like KellyClaude and GITLAWB saw their market caps surge several times over in a short period. However, as the hotspot shifted or the celebrity effect faded, they quickly fell into a spiral of decline, so we won't elaborate on them here.
In summary, thanks to the development of AI Agents and the prosperity of the AI Agent payment ecosystem, the Base ecosystem has become one of the few active ecosystems for crypto AI. However, whether it can truly realize the "AI On-chain World" described by the Base team remains an open question.
