by Nayab Fatima
Virtuals Protocol as an AI agent platform has suffered an 97% decrease in revenue and user interactions. The expansion to Solana does not help Virtuals Protocol as revenues decrease by 96.8% while people show less interest in AI virtual agents.
Dune Analytics tracks that Virtuals Protocol produced total revenue over $1 million on January 2nd. On February 27 the earning figure plummeted below $35,000 following solid performance early in the year. The Base network made only $1,000 daily earnings for ten days straight starting from February 27, 2025 dropping from its peak of $859,000 on October 27, 2024.
On Feb. 27 Virtuals Protocol reported $28,492 Base and $6,300 Solana earnings separate from its performance issues in both platforms. AI creation has stopped on the platform due to its falling revenue. In recent days the service introduced fewer than ten new AI agents each day creating reduced user interest.
Virtuals Protocol’s Early Success
When Virtuals Protocol first launched it achieved success through its AI agents who could operate cryptocurrencies independently and boost user engagement on social media through tips. After extending to Solana on Jan. 25 Virtuals Protocol kept experiencing a declining trajectory.
People question Solana because many new presidential coins failed and scammers exploited the platform. These business problems create negative opinions about the network which makes it harder for Virtuals Protocol to find new buyers and supporters.
The number of transactions taking place on both platforms decreased sharply. The information from Dune Analytics shows Base hosts 170,000 unique wallets containing Virtuals agent tokens but Solana supports just 11,000 wallets for these tokens. On Feb. 27 the number of wallets making at least one token trade between the two networks stood at only 7,642 people.
The Virtuals Protocol token dropped by 14% during its last 24 hours trading period according to CoinMarketCap, latest data shows. The cryptocurrency market slump hurt Virtuals Protocol lately because Bitcoin dropped 20% in one week after global trade wars grew worse.
The number of investors who trust Virtuals Protocol decreased. The project earned rank 68 by market capitalization during the time it declared the switch to Solana. The latest market updates show Virtuals Protocol falling from its initial 68th rank to the 92nd place because investors now see less promise in its artificial intelligence blockchain technology.
#blockchain #crypto, #decentralized, #distributed, #ledger
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