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1、DeepSeek IgnitesAIs iPhoneMomentas Agent TokensIntegrate into Real-World Crypto35252627141821192361113ontent2Overview1.Q4 2024:The ICO Era of Crypto AI Agents,with a Focus on the Existence of Narratives,Teams,and Products1.1 Narrative Positioning1.2 Commitment and Resilience Are Core Competitiveness

2、 for AI Agent Teams1.3 Product Usability2.DeepSeek Proves That Large Models Can Improve AI-Human Collaboration Through Reinforcement Learning(RL),Directly Benefiting Agents3.2025:Crypto AI Agent Value Maturity Period,with Protocol Revenue and User Adoption as Key Factors3.1 Infrastructure 2.0:Models

3、 Place High Requirements on Teams,with Growing Demand for Data Layers3.2 Framework Upgrades in Progress:The Ultimate Winning Hand Lies in Key Features that Attract Users3.3 DeFAI Is Closest to the Trading Side,But User Acquisition Capacity Is Still InsufficientSummaryAbout UsDisclaimerOverviewIn Oct

4、ober 2024,Terminal of Truth launched$GOAT with a$50,000 Bitcoin donation from Marc Andreessen,sparking a surge in AI agent token launches.Encryption technology gives Agents a borderless system for identity,assets,and settlements,operating 24/7 without human input.This drove the overall market capita

5、lization of AI agent tokens to tens of billions of dollars(currently down to around$3.7 billion),with both$ai16z and$VIRTUAL reaching market caps above$2 billion at their peaks(Figure 1).During the ICO/token launch boom,leading Agent projects based on Launchpad generated a powerful flywheel effect,q

6、uickly attracting funds and users.However,this model struggles to retain real value,such as total value locked(TVL).As the initial ICO/token launch fades,user retention becomes challenging,leading to lower token demand,declining revenue,and falling token prices,leading to lower token demand,declinin