According to an analysis shared by analysts of cryptocurrency analysis company Santiment, the popularity of artificial intelligence (AI) tokens, which have been frequently mentioned recently, seems to be overshadowed by DeFi tokens for now.
The rise of DeFi tokens occurred after UniSwap (UNI), one of the largest decentralized exchanges, made a change in its management fee policy. According to the proposal made by UniSwap management, a portion of the transaction fees on the platform will be distributed to UNI token holders.
Following yesterday’s development, the UNI price, which was previously traded at around $7, increased by more than 50% and is traded at $11.13 at the time of writing.
According to Santiment analysts, this initiative initiated by UNI also benefited other DeFi tokens, with COMP, SUSHI and AAVE benefiting from the situation.
However, Santiment analysts drew attention to another altcoin that has experienced a 78% increase in the last week. SingularityNET (AGIX), which was traded at $ 0.42 at the beginning of the week, is trading at $ 0.75 at the time of writing this article.
According to Santiment analysts, AGIX is experiencing a massive increase in onchain activity after nearly doubling its market cap. The AGIX network, which mediates the creation and sharing of artificial intelligence tools, reached an all-time high with 93,600 non-empty wallets. However, the altcoin’s whale transactions and onchain volumes over $1 million also recorded sudden increases.
*This is not investment advice.
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