Fetch.ai (FET) has become a Proof of Reserves (PoR) listed token for several exchanges, including Binance, Huobi, and Bitfinex, according to data from Glassnode.
The popularity of artificial intelligence (AI) tokens has increased in the past three months, leading to significant increases in the price of AI tokens and active addresses, according to data from CryptoSlate.
Search.ai
FET is a decentralized digital representation of the world in which autonomous software agents perform useful economic work. This involves delivering data or providing services, which are then rewarded with FETs for their efforts.
FET registered a price increase of 1.24% over the last 24 hours, but real growth can be seen in the last seven days, where the FET price rose 80.89%.
Fetch.ai: total transfer volume [USD] (Source: Glassnode.com) The popularity of FET, among other AI coins, caused the transfer volume (USD) of FET to skyrocket as it approached $20 million.
Binance FET Reserve Test
Fetch.ai: Proof of Reserves [FET] – Binance (Source: Glassnode.com)
Huobi FET Proof of Reserves
Fetch.ai: Proof of Reserves [FET] – Huobi (Source: Glassnode.com)
Bitfinex FET Reserves Test
Fetch.ai: Proof of Reserves [FET] – Bitfinex (Source: Glassnode.com)
ocean protocol
The AI-infused data exchange blockchain Ocean Protocol (OCEAN) saw the number of active addresses increase three times since November 2022, according to data from Glassnode.
Ocean Protocol: Number of active addresses (Source: Glassnode.com)
OCEAN outflows exceeded $2.5 million in withdrawals over a 30-day period, beginning in mid-November 2022 and increasing through mid-December 2022, according to data from Glassnode.
Ocean Protocol: Net Exchange Position Change [USD] – All trades (Source: Glassnode.com) OCEAN price fell 4.67% in the last 24 hours to $0.217 from $0.209, but is still up 23.41% in the last seven days.
OCEAN saw significant gains in active addresses and price in the month leading up to 2023 but, at press time, is now dethroned as the highest AI token market cap by FET.
AI revolution
The AI cryptocurrency sector posted steady but significant gains through December 2022, laying the foundation for 2023.
With the introduction of the AI-powered selfie editor Lensa and the chatbot prototype ChatGPT, AI quickly became a viral sensation on social networks: tested by more than a million users as of early December 2022.
Witnessing faster uptake than Netflix, Meta, and Instagram, ChatGPT started out as a fun chat sim but quickly evolved.
Capabilities for coding, debugging, health tips, marketing, wizard tasks, and more were demonstrated, spurring both the growth of AI tokens and general public interest in the AI industry.
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This post FET becomes reserve asset for Binance as AI token popularity rises
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