Solana Tops The Charts As Artificial Intelligence Go-To Blockchain Platform —Research

Christian Encila

5 months ago

3 mins read

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Solana has landed in a pretty unique position within the blockchain world, becoming the network of choice for artificial intelligence agents.

A recent report from Franklin Templeton shows that around 70% of these virtual assistants depend on Solana’s capabilities for their operations.

This is reflective of the capability of Solana to process an extremely high volume of transactions with reasonable efficiency and a much lower cost than any other blockchain network.

The Emergence Of AI Agents

AI agents are altering the digital realm. These advanced agents not only accomplish tasks but also make decisions and significantly improve operation efficiency in the crypto sector.

One of them is the Truth Terminal, an artificial intelligence chatbot which initially became popular for promoting a fictional religion but later attracted enormous attention by championing the meme coin, Goatseus Maximus, based on the Solana blockchain.

Such a project indicates how AI agents can impact the market dynamics as well as influence users in such a manner.

Intersection of AI Agents & the Crypto Ecosystem pic.twitter.com/dr621skRxy

— Franklin Templeton Digital Assets (@FTDA_US) January 14, 2025

Solana Competitive Advantage

What sets Solana apart? Its high throughput and low transaction fees make it a perfect platform for AI applications. As demand for computing power continues to increase, developers are now realizing the benefits of developing on Solana.

With its scalable architecture, the blockchain can accommodate the data-intensive nature of artificial intelligence technology. This is significant since AI is still developing and permeating many different industries.

Innovative Projects Thriving

There are already a lot of new projects starting up in the Solana environment. ARC is working on making rule-based AI bots that help people make decisions, while Zerebro is using the blockchain to make AI-generated music and NFTs. These projects show how AI can be used in a variety of ways on Solana, showing how flexible it is and how appealing it is to creators.

SOL market cap currently at $90.6 billion. Chart: TradingView.com

Another highly interesting project is Nosana, which will build a decentralized grid of GPU resources running on Solana. It seeks to lower the costs for developers who require computing power to run their AI models by tapping into the idle GPUs from consumers and businesses. This will not only maximize resource utilization but also democratize access to this essential technology.

Market Potential And Future Outlook

The market for AI tokens is growing even though it is still in its infancy; at present, it is worth about $4 billion, or barely 0.12% of the total value of the cryptocurrency market. However, this market has grown significantly; in a single day, some projects supported by Solana increased the overall market capitalization of AI tokens by 15%.

Featured image from The Elm, chart from TradingView

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.