Recent analysis from Decentralised.co highlights a unique trend in the trading behavior of AI-linked tokens on Solana and Ethereum, using data from @santimentfeed.
By examining the top AI tokens on both networks since the U.S. elections wrapped up, they found notable differences in how these assets behave.
On Solana, AI coins trade more like memecoins, with high volatility and rapid price surges, such as $goat—a sentient-AI meme asset that has captured significant attention. This aligns with current market trends, where investors seem to be prioritizing quick price appreciation over the core value of decentralization. This memecoin-style trading may be partly due to Solana’s low transaction costs, which allow for greater volume and price activity at minimal fees.
However, it’s not just memes enjoying success on Solana. Following the election, @getgrass_io experienced a dramatic rally, likely fueled by its initial low valuation. This shows that, while meme assets are popular, other projects with potential for growth are also gaining traction on Solana.
About 80% Of AI Tokens Now On Solana
In terms of volume, around 80% of AI assets now reside on Solana, a reflection of its low-cost decentralized exchange (DEX) environment, which enables higher transaction volumes. Ethereum-based AI assets, by contrast, display steadier trading behavior, with capital flowing in gradually.
This suggests that Ethereum’s community of enthusiasts remains committed, even as other networks see bursts of speculative interest.
AI coins on Solana trade like memecoins, while on Ethereum, they behave like infra plays.
Probably because they are.
We have been observing how volume and price appreciation impact AI-linked tokens on both networks using data from @santimentfeed . For comparison, we studied the… pic.twitter.com/0PWZNmXDbD
— Decentralised.Co (@Decentralisedco) November 11, 2024
Overall, this trend suggests that AI assets on Solana are having a good week, riding a wave of interest similar to meme tokens. Meanwhile, Ethereum’s more stable infrastructure-driven approach hints at a different kind of long-term commitment. Whether these patterns will hold over time remains to be seen, but for now, Solana is capitalizing on the memecoin-style momentum in the AI sector.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.