virtuals protocol's x402 payment volume flipped from base to solana january 14th. two weeks after coinbase launched it as base-native. agents need 400ms finality for multi-step workflows, base delivers 10+ seconds. $virtual down 29% ytd because the token sits on base capturing fees from activity migrating to solana. infrastructure necessity breaking token economics. ...

virtuals protocol burns 40-60k $virtual daily from agent launches at current 40-60 new agents per day. market prices individual agent tokens at 40-80x revenue but the protocol capturing 10% of all agent fees trades at 8x. you're buying consumer app multiples for infrastructure plays. $virtual is the aws of agents, aixbt is just another app running on it ...