The internet has become a sludge of automated garbage.
All blockchains will be treated the same.
Since years, it’s been a reality. Consider active address counts. In a world where all networks are operated by humans, the active addresses will reflect how many real users there are on each network.
Blockworks Research and 0xResearch have both shown this to be false.
Bots, spammers, airdrop farmers and other code-controlled entities commonly wield thousands — and even tens of thousands — of addresses. In terms of sheer numbers, these players can drown out the individual user.
This metric only reveals one aspect of a network, namely how easy it is to spam.
This logic leads to the question of how much DEX trading on Solana Base and other chains is wash trading.
Even though Web2 has struggled to transition itself into a wasteland created by AI (check out the robots playing Christmas music on YouTube this year that are targeting unaware users), crypto takes a much more holistic view.
Accept it. Tokenize and make your own. You can sell it.
Pump.fun was probably the first company to achieve perfection in this roadmap. Virtuals Protocol is attempting to bring it all back to the past by allowing its users to design their AI agents, complete with tokens.
Virtuals still has a small market share compared to Pump.fun. The volume of daily transactions has increased from $1,000,000 to up to $5,6 billion since November.
The AI Agent Launchpad of Virtuals has been available since October. Its volume peaked at $24.5 Million at the end November.
Since the launchpad, Virtuals has seen its daily address count increase from less than 1,000 to over 96,000.
Don’t forget that the number of addresses active is not indicative of actual adoption. It is impossible to know how many new virtual addresses were carbon-based.
What’s the point of crypto?
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