Market Overview - AI agent hype has cooled, but the agent economy is scaling [1] - Virtuals is powering a $500 million+ agent economy [1] Onchain Activity - $8 billion+ in onchain DEX volume [1][2] - 90%+ usage consolidating on Base [2] Market Cap - Agent market cap exceeds $500 million [2]

Investment & Risk Assessment - Virtuals 被指责为庞氏骗局，尽管早期有所预判 [1] - Virtuals 的主要倡导者和支持者对其“飞轮”效应保持沉默，并逐渐远离 [1] - 早期参与者可能获利，但其模式类似于“3,3”，情况更糟 [1] - 进入新项目需要 1 万美元的启动资金，且资金需要永久锁定 [1][2]