Artificial intelligence (AI) agents are rapidly emerging on the Ethereum platform, with over 11,000 now operational. These agents require Ethereum for transaction fees and decentralized finance (DeFi) services, potentially boosting demand for the cryptocurrency. However, while the introduction of ERC-8004 standards enhances agent tracking and evaluation, tangible economic activities linked to these agents have not materialized. Currently, weekly app revenue for Ethereum hovers around $16 million, lower than projected figures, and active wallet growth shows no significant trend. Without sustained financial engagement from these agents, the investment thesis for Ethereum at $2,500 remains weak. Analysts recommend caution before investing in Ethereum, suggesting that potential buyers consider 10 alternative stocks identified as strong investment opportunities. The situation is developing, and monitoring future agent activity and on-chain payments will be crucial in determining Ethereum’s long-term viability in the crypto market.
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