FET becomes reserve asset for Binance as AI token popularity rises

Fetch.ai (FET)has go a listed token connected Proof of Reserves (PoR) for a fig of exchanges, including Binance, Huobi and Bitfinex, according to Glassnode data.

Artificial Intelligence (AI) token popularity surged implicit the past 3 months — starring to important increases successful AI token terms and progressive addresses, according to CryptoSlate data.

Fetch.ai

FET is simply a decentralized integer practice of the satellite successful which autonomous bundle agents execute utile economical work. This involves delivering information oregon providing services, which are past rewarded with FET for their efforts.

FET posted a 1.24% summation successful terms implicit the past 24 hours, but existent maturation tin beryllium observed implicit the past 7 days — wherever FET terms pumped 80.89%.

Fetch.ai: Total Transfer Volume [USD] (Source: Glassnode.com)

FET popularity — amongst different AI coins — saw the transportation measurement (USD) of FET interruption retired arsenic it approached $20 million.

Binance FET Proof of Reserves

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 Proof of Reserves

Fetch.ai: Proof of Reserves [FET] – Bitfinex (Source: Glassnode.com)

Ocean Protocol

The AI-infused data-sharing blockchain Ocean Protocol (OCEAN) saw the fig of progressive addresses spike 3 times since November 2022, according to Glassnode data.

Ocean Protocol: Number of progressive addresses (Source: Glassnode.com)

OCEAN outflows exceeded $2.5 cardinal successful withdrawals implicit a 30-day play — opening successful mid-November 2022 and ramping up into mid-December 2022 — according to Glassnode data.

Ocean Protocol: Exchange Net Position Change [USD] – All Exchanges (Source: Glassnode.com)

OCEAN terms fell 4.67% implicit the past 24 hours to $0.217 from $0.209 but remains up 23.41% implicit the past 7 days.

OCEAN saw important gains successful progressive addresses and terms successful the period starring up to 2023 but is — arsenic of property clip — present dethroned arsenic the highest AI token marketplace headdress by FET.

AI revolution

The AI cryptocurrency assemblage posted dependable but important gains done December 2022, mounting the foundations for 2023.

With the instauration of the AI-powered selfie exertion Lensa and the prototype chatbot ChatGPT, AI rapidly became a viral sensation crossed societal media — tested by implicit 1 cardinal users successful aboriginal December 2022.

Witnessing faster uptake than Netflix, Meta, and Instagram, ChatGPT began arsenic a amusive speech simulator but rapidly evolved.

Capabilities for coding, debugging, wellness advice, marketing, adjunct task, and much were demonstrated — stimulating some AI tokens maturation and wide nationalist involvement successful the AI sector.

 

The station FET becomes reserve plus for Binance arsenic AI token popularity rises appeared archetypal connected CryptoSlate.