VIRTUAL, the native token of Virtuals Protocol, now ranks as a top 100 cryptocurrency after surging 147%

VIRTUAL, the native token of Virtuals Protocol, a platform for creating AI agents, is now a top 100 cryptocurrency.

The token has surged 147% over the past week, now boasting a market cap of nearly $938.3 million, ranking as the 94th-largest crypto asset. This is the first time VIRTUAL has ranked among the top 100 crypto assets by market cap in eight weeks.

To put this in perspective, the token hit a record-high market cap of $4.61 billion on January 2, at which time it was the 32nd-largest crypto asset. However, the token subsequently tumbled 94% to post a local low of $285 million on April 7.

Despite the brutal downtrend, VIRTUAL has since bounced back with a strong rally. The token's price is up 234.5% from the local low, last changing hands for $1.46.

The move coincides with an uptick in the revenue generated by Virtuals AI agents, which raked in $120,292 on April 28 — the highest daily revenue since February 6, according to Dune.

The rally follows the project unveiling a new fee structure on March 29, with agent creators now receiving 70% of protocol trading fees.

Binance.US also launched trading for the token on April 29.

VIRTUAL leads sector-wide stir among AI agents

Virtuals Protocol isn't the only AI agent project to be making a comeback. AI16Z is also rallying, adding 119% over the past week.

ElizaOS (AI16Z) similarly topped out in early January with a $2.53 billion market cap and shed 95.6% before posting a local low of $110.4 million on April 7. The project's AI agents currently manage more than $20 million worth of assets on behalf of investors.

Goatseus Maximus (GOAT), a token inspired by the Truth Terminal AI agent, is up 56.4% in seven days. GOAT made headlines in November when it became the first token associated with an AI agent to break above the $1 billion market cap barrier. The token's market cap is now $86.3 million, up 228% from $36.3 million on April 7.

Fartcoin, another token inspired by Truth Terminal, has steadily gained ground since bottoming out on March 11. The token's market cap currently sits at $1.09 billion. This marks a nearly 400% gain in four weeks.

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