Virtuals Protocol token in a freefall as AI agents creation drops to zero

• No new AI agents have been generated on Virtuals Protocol in a week, down from 1,000 daily in November.
• Virtuals Protocol’s revenue has dropped to $500 while the VIRTUAL token has fallen 90% from its $4.61 peak.
• Critics call AI agents “garbage” amid the drastic drop in demand.

Once hailed as a multibillion-dollar pioneer in the AI agent creation space, Virtuals Protocol now faces a stark reality as its daily revenue has dwindled to a mere $500, and its token price has plummeted 90% from its January peak.

Researchers and market analysts are sounding the alarm as the platform, which thrived in late 2024, hasn’t launched a new AI agent in roughly a week.

This dramatic decline signals a potential collapse for the once-booming crypto AI agents sector, leaving investors and builders questioning its future.

Viturals Protocol revenue and token price collapse

The descent of Virtuals Protocol began shortly after its token, VIRTUAL, soared to an all-time high of $4.61 on January 2, 2025.

At the time, the daily revenue topped $500,000.

That moment of triumph quickly faded as the platform’s earnings began a relentless slide, hitting rock bottom at under $500 by April 7, according to Blockworks researcher Sharples.

Probably one of the wildest crypto charts of the cycle. From peaking to over $500k in revenue in a single day to doing less than $500 today.

It's been about a week since a new agent launched on Virtuals. pic.twitter.com/8lpjskntCI

— Sharples