DeFAI has risen against the trend in a sluggish market, becoming a highlight that attracts investor attention through technological innovation and ecological expansion, demonstrating long-term growth potential.
Author: @Defi0xJeff
In various subfields of AI agents, market sentiment is generally extremely bearish, with only DeFAI-related narratives rising against the trend.
Especially in the Abstraction Layer category, it has performed remarkably well despite the general market downturn. Two projects, in particular, have shown significant growth over the past week:
$GRIFT / @orbitcryptoai —— Market cap $65M, growth +150% in the past 7 days
$ANON / @HeyAnonai —— Market Cap $161M, increased +70% in the past 7 days
The DeFAI sector has become a highlight during the market adjustment period, attracting the attention of many investors.
@Cookiedotfun Dashboard filtered by DeFAI
1. Orbit: Continuously demonstrating strong performance with unique features
Orbit's ability to stand out in the market is attributed to its unique features and latest upgrades. Here are the key highlights:
Latest Features
The USDC transfer agent Orbit offers an innovative feature that allows users to consolidate USDC balances from multiple chains into a single unified balance and transfer it to a designated wallet for payment. In the future, this feature will support operations with any token.
2) Data Hooks Users can achieve automated trading and on-chain tasks through data hooks. For example, users can set up the following operation: "Trade [x] USDC on Solana every minute until the market cap of $SOL reaches."
3) Cross-chain integration capability
Orbit has achieved integration with over 117 blockchains and more than 200 protocols. With this technological advantage, Orbit is positioning itself as the "financial assistant for billions of AI agents," providing seamless payment, task execution, and interaction support with protocols for both agents and humans.
4) Market Performance
With its powerful tech stack and practical features, the market is gradually bringing the valuation of $GRIFT closer to that of other major competitors. The growth potential of Orbit is attracting the attention of an increasing number of investors.
2. HeyAnon: Building Strong Growth through Innovative Features and Ecological Layouts
HeyAnon, under the leadership of @danielesesta, has taken a unique path to attract market attention through newly released features and ecosystem expansion. Here are the highlights:
1) Latest released features
Gemma: Research Assistant Agent Gemma is a research assistant designed to transform large amounts of on-chain data and social data into actionable insights, helping users make quick decisions.
AUTOMATE: The TypeScript Framework of DeFAI AUTOMATE is a TypeScript development framework specifically designed for the HeyAnon ecosystem, aimed at accelerating the development process of DeFAI applications. Its core features include:
- Supports multi-step transactions, governance, and data analysis.
- Ensure the security and transparency of on-chain transactions.
- Pattern-based strong typing interactions prevent developers from deploying incorrect configurations.
2) Ecological Vision
HeyAnon aims to become a "universal intelligence layer" capable of supporting multi-step transactions, governance, and data analysis, while ensuring the security and transparency of transactions through technology.
3) Partner and Incentive Programs
HeyAnon has partnered with several well-known blockchains and platforms, including:
- @arbitrum
- @base
- @avax
- @BNBCHAIN
- @iota
- @KAVA_CHAIN
- @SonicLabs
In addition, the team launched an incentive program through a DAO proposal: allocating 2% of the $ANON Token from the treasury + $1 million USDC to promote the growth of integration and developer activities.
4) Market Performance
Since $ANON quickly surpassed a market capitalization of $100M, its slow and steady growth, despite the overall market downturn, demonstrates the market's cautious pricing attitude towards it during the decline.
HeyAnon’s technological innovation and ecological expansion are laying a solid foundation for its future growth while attracting the attention of more investors and developers.
3. Griffain: Market leader in Abstraction Layer, but recent performance has been weak
@griffaindotcom is currently the highest market cap project in the Abstraction Layer sector, reaching $330M, but has seen a 21% market cap pullback in the past 7 days. The reasons are still unclear, but may be related to the following factors:
Capital rotation: shifting from high market cap DeFAI projects to lower market cap projects.
Functional positioning differences: Compared to Orbit and HeyAnon, which focus on DeFi and trading solutions, Griffain's positioning is more general, dedicated to providing a wide range of abstraction layer solutions rather than concentrating on the DeFi and trading sectors.
1) Differences in Function and Positioning
The following is a comparison of the features and focus points of Griffain and its main competitors:
Orbit ➔ Focused on cross-chain transactions and DeFi operations, currently has the most on-chain integrations.
HeyAnon ➔ Focuses on data (signals/insights), trading, and DeFi operations, while building a developer community through L1/L2 collaboration and incentive programs.
Griffain ➔ Provides a universal abstraction layer, positioned as an "agent of agents," focusing on Solana, with dedicated agent tools such as airdrop tools, token issuers, burn mechanisms, coffee bots, and NFT agents.
After testing multiple abstract layer protocols, my favorite remains @slate_ceo for the following reasons:
2) Main Use Cases
- Basic on-chain operations: transfers and exchanges.
- Automation: For example, "Sell [x] every hour for 10 days."
Advanced conditional trading: For example, "When Token A reaches a market cap of [x] and Token B reaches a market cap of [x], exchange $5k worth of A for B."
3) Advantages and Disadvantages
Advantages: Although Slate has not yet launched its Token, its product experience is excellent. Currently, I mainly use its automated trading on Base.
Disadvantages: Only supports EVM chains and requires manual deposit of Gas Tokens to use.
Griffain's market positioning differs significantly from its competitors, and its generalization strategy may not attract funding in the short term as much as solutions focused on DeFi and trading, but as the core abstraction layer of Solana, its long-term potential remains noteworthy. In contrast, Orbit and HeyAnon have quickly gained market favor with more specific functionalities and innovations.
4. Challenges Faced by the Abstract Layer
Although the concept of Abstraction Layers has great potential to simplify user experience and drive the mass adoption of decentralized finance (DeFi), there are still some significant challenges at present:
1) Limited research tools
Many platforms support "Research Agents," but functionally they are still far inferior to professional data analysis dashboards. Users find it difficult to efficiently obtain comprehensive information to assist in decision-making.
2) Token recognition issue
Some platforms are unable to recognize the token symbols ($ Tickers), forcing users to manually input the token address, which increases operational complexity and the risk of errors.
3) Insufficient DeFi use cases
High-quality DeFi protocols are often not integrated or lack essential data (such as TVL, APR %, or risk assessments), making it difficult for users to obtain the comprehensive information needed to make informed decisions.
4) Poor user onboarding experience
Many abstract layer platforms have interfaces and operation instructions that are not intuitive enough, requiring users to manually select proxies and issue commands instead of completing operations through a seamless central interface, which diminishes the user experience.
5. Summary of the Current State of the Abstraction Layer
Currently, traditional tools still perform better in most use cases. Here are the recommended tools:
Research and Analysis: Use professional data analysis tools, such as @DefiLlama, to obtain metrics, yields, and DeFi-related insights.- Cross-chain bridging:
Use @AcrossProtocol for bridging operations between L2s.
Bridge between EVM and non-EVM ecosystems using @wormhole.
Despite the current experience being less than ideal, I remain optimistic about the long-term prospects of DeFAI, especially at the abstract layer. These tools are designed to simplify the user experience of DeFi, and this vision and execution are essential for driving mass user adoption.
6. Current Status of Autonomous Trading Agents
The category of Autonomous Trading Agents has recently experienced a significant pullback. Among them, $TONY performed the best, with only a -8% pullback in the past 7 days.
Although the overall market is weak, the potential of DeFAI is still worth looking forward to, especially in optimizing user experience, which will be a key step in attracting ordinary users into the crypto world.
1) Key Highlights: Beyond the capabilities of @cookiedotfun
Here are some DeFAI projects worth paying attention to in the current market:
$CATG / @boltrade_ai focuses on analytical tools and trading agents for intelligent trading signals.
$LAY / @loomlayai provides no-code building tools for integrating APIs and skills, focusing on the development of trading strategies.
$BULLY / @dolion_ai expands from personalized agents to the trading strategy domain.
Opportunities in the Callback
The above projects have currently experienced significant pullbacks. For bottom-fishing, these characteristics are particularly important:
Performance: Able to generate excess returns and maintain stable profit performance (P&L).
Verifiability: Transaction performance is directly linked to wallet addresses, with data being transparent and traceable.
Participation: Allows users to share the profits generated by the agent. Currently, this field is still in its early stages. The only agent with verifiable trading performance is @BigTonyXBT; other projects are either still undergoing backtesting or lack transparency, operating only behind the scenes.
7. Summary and Future Outlook
The valuation of DeFAI is higher than other subfields because its concept is innovative, its vision is clear, and it benefits from @danielesesta's promotional capabilities. However, actual challenges still exist. To achieve excess returns, it is recommended to focus on the following directions:
- Analysis tools: The 5 tools mentioned above.
- Practical agents: Recommended to pay attention to the following projects:
Although autonomous trading agents have not yet fully emerged, and the main trading agent ecosystem (such as @Almanak__) has not yet launched, with the market recovering, DeFAI (including abstract layers and autonomous trading agents) may lead the rebound with its strong narrative positioning.
Suggestion
- Advance layout: occupy a favorable position while the narrative still has early advantages.
- Stay rational: avoid emotional trading and focus on long-term goals.
- Get ready to seize the opportunity: act quickly when the market rebounds.
Disclaimer: This article is for informational and entertainment purposes only, and the views expressed herein do not constitute investment advice. Readers should conduct their own due diligence based on their financial situation, investment goals, and risk tolerance. This article is not a proposal or invitation to buy or sell any assets.
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Source: https://x.com/Defi0xJeff/status/1878777766474399886