AI tokens see the lowest weekly trading volume this year AI tokens see the lowest weekly trading volume this year
Record low trading volumes and a lack of price volatility make AI tokens one of the calmest parts of the crypto market.
2 min read
Updated: Jul. 27, 2023 at 2:37 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
A recent report from data analytics firm Kaiko revealed decreased trading activity for AI-related tokens.
The report analyzed weekly trading volumes for some of the most popular AI-related tokens, such as Fetch.ai (FET), Injective (INJ), Oasis Network (ROSE), Render (RNDR), SingularityNET (AGIX), and The Graph (GRT). According to Kaiko’s findings, these tokens have experienced the lowest weekly trading volume since the beginning of the year.
Data from CryptoSlate also reflects the struggles of the AI token sector to maintain its momentum. Evaluations of the top five AI coins by market cap indicate a relatively flat performance, with these tokens recovering most of their losses from the previous week.
However, despite these price recoveries, it is critical to remember that price is not always an accurate measure of overall performance; trading volume often provides a more telling gauge of a token’s vitality.
| Rank | Project Name | Symbol | Current Price | Daily Change | Weekly Change | % Down from ATH |
|---|---|---|---|---|---|---|
| 1 | The Graph | GRT | $0.11323 | +4.13% | -2.76% | -96% |
| 2 | SingularityNET | AGIX | $0.22506 | +4.03% | -5.59% | -88% |
| 3 | Ocean Protocol | OCEAN | $0.35689 | +3.04% | -7.06% | -82% |
| 4 | Fetch | FET | $0.21597 | +2.73% | -4.96% | -82% |
| 5 | dKargo | DKA | $0.03091 | +1.4% | -0.5% | -88% |
Various factors may have contributed to the observed decrease in trading activity, although any definitive reasons for this trend are speculative.
For one, the general market sentiment may impact AI-related tokens, given the recent dip in the broader cryptocurrency market.
Moreover, specific factors unique to the AI cryptocurrency sector, such as regulatory issues, could also be responsible for the decline.
This decrease in trading volume raises numerous questions regarding the future trajectory of the AI-token market. While it’s too early to draw definite conclusions, it’s clear that these developments warrant careful monitoring by investors, traders, and market analysts.
Despite these uncertain times, one thing remains constant: the dynamism and unpredictability of the cryptocurrency world.
Mentioned in this article
Author 
Andjela Radmilac
Armed with a classical education and an eye for news, Andjela dove head deep into the crypto industry in 2018 after spending years covering politics.
Editor Editor 
Liam 'Akiba' Wright
Also known as "Akiba," Liam is a reporter, editor and podcast producer at CryptoSlate. He believes that decentralized technology has the potential to make widespread positive change.
In this article
SingularityNET is a decentralized marketplace for AI services.
Fetch
$2.20048
Fetch describes itself as the worldโs first adaptive, self-organizing smart ledger.
Injective
$25.9918
Injective is an open interoperable smart contracts platform optimized for decentralized finance applications.
Oasis Network
$0.09958
The Oasis Network is a privacy-enabled blockchain platform for open finance and a responsible data economy.
dKargo
$0.03077
dKargo uses blockchain technology to solve trust issues among participants scattered in the logistics industry and establishing an efficient logistics network based on cooperation that was previously unimaginable.
Kaiko
Kaiko is a market data provider in the blockchain-based digital assets space, founded in 2014, that provides institutional investors and market participants with enterprise-grade data infrastructure.