Kaiko: The weekly trading volume of AI concept tokens reached the lowest level in the year

A recent report by data analytics firm Kaiko shows that trading activity for artificial intelligence (AI)-related concept tokens has decreased. The report analyzes the weekly trading volume of some of the most popular AI 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 experienced their lowest weekly trading volumes since the beginning of the year.

A variety of factors could lead to lower trading activity, on the one hand, general market sentiment could affect AI-related tokens given the recent decline in the broader cryptocurrency market. Additionally, specific factors specific to the cryptocurrency industry, such as regulatory concerns, may also be responsible for the decline in trading volumes.