Is AI outperforming Bitcoin, and is leadership broad?
Bottom line
KAITO ranks first for research priority in AI crypto at 71.5/100, and its native activity proof is incomplete. The theme's 13-week excess versus Bitcoin is +12.1% on 18% breadth, which is what decides whether that lead is isolated or broad. 3 of the 83 assets here carry enough native evidence to move past a tape-led label.
These AI coins are part of the cryptocurrency universe this site tracks daily — 894 of the top 1,000 crypto currency assets by market cap, priced from exchange closes and matched to protocol fees and revenue where a protocol publishes them.
The theme itself · before any single company
How has AI moved against Bitcoin?
The line below covers up to 5 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this theme is 35% behind Bitcoin. Protocol revenue across its protocols fell 60% on average over the last four reported quarters. It has been ahead of Bitcoin on a rolling three-month view for 12 weeks running.
FADING · −3 in 4w·Price down, no fundamental support35 of 73 coins ahead of Bitcoin by 5% or more over three months
AI, equal-weighted, based at 200Bitcoin, same base, same starttrailing 12-month protocol revenue risingfalling
AI, equal-weighted, based at 200Bitcoin, same base, same starttrailing 12-month protocol revenue risingfalling
AI, equal-weighted, based at 200Bitcoin, same base, same starttrailing 12-month protocol revenue risingfalling
Both lines start at 200 in the same week, so the distance between them is the whole story: the theme line is an equal-weighted index of its 73 coins. The bars underneath are trailing 12-month protocol revenue, one bar per reported quarter, each member rebased to 100 at the start and the theme taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while protocol revenue grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.
RISK OFF market context
AI vs Bitcoin — Relative Strength & Breadth
AI crypto has outperformed Bitcoin by 28% over 52 weeks on an equal-weight index of current members. Over 13 weeks the figure is +12.1%. 12 of 67 covered assets are above their own 200-day average. Velvet leads Bitcoin-relative strength at +342%. Price readings are as of 2026-07-31.
+12%13w vs BTC
+28%52w vs BTC
12/67Above 200-DMA
VELVETRS leader · +342%
Assets
83
canonical functional membership
Activity-covered
3/83
enough native evidence
Top score
71.5/100
KAITO
Calendar quarters
20
complete; missing stays missing
Global asset selection · top 20 shown
Showing 20 of 83 assets
00 · exact additive research priority
4-Factor Crypto Evidence Score
A within-theme research-priority score for the 83 assets in AI, out of 100. The four displayed point contributions add exactly to the total, and the market regime changes the action label, never the arithmetic. KAITO is highest at 71.5/100 on 50% evidence. It ranks research attention, not portfolio action.
KAITO leads the current research queue at 71.5/100 with 50% evidence.
3/83 assets have enough native activity evidence to move beyond a tape-led label.
27 of the 110 AI coins are not rated this week: 24 have no price within 7 days, 3 report no traded volume. They are listed in full below the ranking.
Missing native metrics are not scored as zero and are not silently reweighted. They pull only the affected factor toward neutral and lower its visible evidence percentage. An asset with nothing measurable at all is not scored at 50 either — it is listed as not rated.
Which projects are generating the most network fees?
EigenCloud (prev. EigenLayer) leads AI crypto on Trailing 12-month fees at $49.2M, 147% ahead of Virtuals Protocol. 1 of 3 assets with comparable change data is growing, fastest at The Graph. Coverage is 8 of the 83 ranked assets in this theme, through the Q2 2026 calendar quarter.
LeaderEigenCloud (prev. EigenLayer) · $49.2M
Gap147% versus #2
Persistence1 assets have positive comparable growth
Coverage8/83 assets
Investor read: Use this as a network-economics research lead, not token-holder earnings. Verify whether the measured activity accrues to the token before treating scale as value capture.
This conclusion weakens if: fee growth turns negative across two complete calendar quarters or fee coverage falls below the stated threshold.
Trailing 12-month fees is the sum of the latest four complete calendar quarters. Growth compares that sum with the prior four-quarter sum.
Trailing 12-month feestop five
1EigenCloud (prev. EigenLayer) EIGEN$49.2M
2Virtuals Protocol VIRTUAL$19.9M
3NEAR Protocol NEAR$1.9M
4FLOCK FLOCK$1.0M
5The Graph GRT$616.3K
Fee growthtop five
1The Graph GRT+27%
2NEAR Protocol NEAR-69%
3IoTeX IOTX-74%
Network fees · asset comparison
8/83 level · 3/83 change
Latest comparable data · top 20 shown first
Asset
Trailing 12-month fees
Fee growth
kaito
—
—
allora
—
—
sentismai
—
—
law-blocks
—
—
near
$140.7K
-69%
pieverse
—
—
codatta
—
—
chainlink
—
—
stp-network
—
—
iota-2
—
—
velvet
—
—
eigenlayer
$2.5M
—
talus
—
—
bluwhale
—
—
internet-computer
—
—
zignaly
—
—
nosana
—
—
virtual-protocol
$997.6K
—
sapien-2
—
—
bittensor
—
—
subsquid
—
—
arweave
—
—
render-token
—
—
arkham
—
—
origintrail
—
—
aioz-network
—
—
sentient
—
—
openserv
—
—
holoworld
—
—
celium
—
—
affine
—
—
io
—
—
gensyn
—
—
mira-3
—
—
victoria-vr
—
—
kite-2
—
—
world-mobile-token
—
—
nillion
—
—
robo-token-2
—
—
infinity-ground
—
—
targon
—
—
nova-3
—
—
ocean-protocol
—
—
akash-network
—
—
fetch-ai
—
—
the-graph
$97.2K
+27%
auki-labs
—
—
chutes
—
—
golem
—
—
chaingpt
—
—
elrond-erd-2
—
—
hippius
—
—
vana
$642
—
theta-fuel
—
—
theta-token
—
—
concordium
—
—
qubic-network
—
—
flock-2
$48.7K
—
iexec-rlc
—
—
score
—
—
livepeer
—
—
templar
—
—
opengradient
—
—
rujira
—
—
everipedia
—
—
dkargo
—
—
zelcash
—
—
zentry
—
—
sahara-ai
—
—
okzoo
—
—
singularitynet
—
—
arcblock
—
—
carv
—
—
chromaway
—
—
tokenbot-2
—
—
zero-gravity
—
—
gradients
—
—
singularry
—
—
alchemist-ai
—
—
olaxbt
—
—
secret
—
—
iotex
$1.6K
-74%
story-2
$671
—
Showing 20 of 83 assets
02 · complete calendar-quarter evidence
Which projects convert activity into protocol revenue?
Virtuals Protocol leads AI crypto on Trailing 12-month revenue at $19.9M, 971% ahead of NEAR Protocol. 0 of 2 assets with comparable change data are growing. Coverage is 5 of the 83 ranked assets in this theme, through the Q2 2026 calendar quarter. Where a project publishes nothing, the cell stays blank rather than being read as zero.
LeaderVirtuals Protocol · $19.9M
Gap971% versus #2
Persistence0 assets have positive comparable growth
Coverage5/83 assets
Investor read: Use this as a network-economics research lead, not token-holder earnings. Verify whether the measured activity accrues to the token before treating scale as value capture.
This conclusion weakens if: revenue growth turns negative or the revenue-to-fees take rate falls for two complete calendar quarters.
Trailing 12-month revenue is the sum of the latest four complete calendar quarters. Growth compares that sum with the prior four-quarter sum.
Trailing 12-month revenuetop five
1Virtuals Protocol VIRTUAL$19.9M
2NEAR Protocol NEAR$1.9M
3FLOCK FLOCK$1.0M
4The Graph GRT$4.1K
5EigenCloud (prev. EigenLayer) EIGEN$0
Revenue growthtop five
1NEAR Protocol NEAR-69%
2The Graph GRT-99%
Protocol revenue · asset comparison
5/83 level · 2/83 change
Latest comparable data · top 20 shown first
Asset
Trailing 12-month revenue
Revenue growth
kaito
—
—
allora
—
—
sentismai
—
—
law-blocks
—
—
near
$134.8K
-69%
pieverse
—
—
codatta
—
—
chainlink
—
—
stp-network
—
—
iota-2
—
—
velvet
—
—
eigenlayer
$0
—
talus
—
—
bluwhale
—
—
internet-computer
—
—
zignaly
—
—
nosana
—
—
virtual-protocol
$997.6K
—
sapien-2
—
—
bittensor
—
—
subsquid
—
—
arweave
—
—
render-token
—
—
arkham
—
—
origintrail
—
—
aioz-network
—
—
sentient
—
—
openserv
—
—
holoworld
—
—
celium
—
—
affine
—
—
io
—
—
gensyn
—
—
mira-3
—
—
victoria-vr
—
—
kite-2
—
—
world-mobile-token
—
—
nillion
—
—
robo-token-2
—
—
infinity-ground
—
—
targon
—
—
nova-3
—
—
ocean-protocol
—
—
akash-network
—
—
fetch-ai
—
—
the-graph
$2
-99%
auki-labs
—
—
chutes
—
—
golem
—
—
chaingpt
—
—
elrond-erd-2
—
—
hippius
—
—
vana
—
—
theta-fuel
—
—
theta-token
—
—
concordium
—
—
qubic-network
—
—
flock-2
$48.7K
—
iexec-rlc
—
—
score
—
—
livepeer
—
—
templar
—
—
opengradient
—
—
rujira
—
—
everipedia
—
—
dkargo
—
—
zelcash
—
—
zentry
—
—
sahara-ai
—
—
okzoo
—
—
singularitynet
—
—
arcblock
—
—
carv
—
—
chromaway
—
—
tokenbot-2
—
—
zero-gravity
—
—
gradients
—
—
singularry
—
—
alchemist-ai
—
—
olaxbt
—
—
secret
—
—
iotex
—
—
story-2
—
—
Showing 20 of 83 assets
03 · complete calendar-quarter evidence
Where is capital actually committed on-chain?
EigenCloud (prev. EigenLayer) leads AI crypto on Quarter-end TVL at $4.4B, 3923% ahead of NEAR Protocol. 1 of 12 assets with comparable change data is growing, fastest at Concordium. Coverage is 23 of the 83 ranked assets in this theme, through the Q2 2026 calendar quarter.
LeaderEigenCloud (prev. EigenLayer) · $4.4B
Gap3923% versus #2
Persistence1 assets have positive comparable growth
Coverage23/83 assets
Investor read: Use this as a network-economics research lead, not token-holder earnings. Verify whether the measured activity accrues to the token before treating scale as value capture.
This conclusion weakens if: TVL rises while fees and users fall; that pattern can be incentive-funded mercenary liquidity.
Quarter-end TVL uses protocol TVL first for protocol assets and exact-ID chain TVL for chain assets or where protocol TVL is unavailable. A blank is unavailable, not zero. Growth compares with the same complete quarter one year earlier.
Quarter-end TVLtop five
1EigenCloud (prev. EigenLayer) EIGEN$4.4B
2NEAR Protocol NEAR$108.8M
3Bittensor TAO$41.7M
4Internet Computer ICP$10.9M
5MultiversX EGLD$9.2M
TVL growthtop five
1Concordium CCD+299%
2ChainGPT CGPT-5.3%
3NEAR Protocol NEAR-24%
4Internet Computer ICP-59%
5EigenCloud (prev. EigenLayer) EIGEN-62%
Total value locked · asset comparison
23/83 level · 12/83 change
Latest comparable data · top 20 shown first
Asset
Quarter-end TVL
TVL growth
kaito
$0
—
allora
—
—
sentismai
—
—
law-blocks
—
—
near
$108.8M
-24%
pieverse
—
—
codatta
—
—
chainlink
—
—
stp-network
—
—
iota-2
—
—
velvet
—
—
eigenlayer
$4.4B
-62%
talus
—
—
bluwhale
—
—
internet-computer
$10.9M
-59%
zignaly
$7.9M
—
nosana
—
—
virtual-protocol
$0
—
sapien-2
—
—
bittensor
$41.7M
—
subsquid
—
—
arweave
—
—
render-token
—
—
arkham
—
—
origintrail
—
—
aioz-network
—
—
sentient
—
—
openserv
—
—
holoworld
—
—
celium
—
—
affine
—
—
io
—
—
gensyn
—
—
mira-3
—
—
victoria-vr
—
—
kite-2
—
—
world-mobile-token
$0
—
nillion
—
—
robo-token-2
—
—
infinity-ground
—
—
targon
—
—
nova-3
—
—
ocean-protocol
—
—
akash-network
—
—
fetch-ai
—
—
the-graph
$0
—
auki-labs
—
—
chutes
—
—
golem
—
—
chaingpt
$38.2K
-5.3%
elrond-erd-2
$9.2M
-81%
hippius
—
—
vana
$238.1K
-90%
theta-fuel
—
—
theta-token
$245.9K
-76%
concordium
$1.5K
+299%
qubic-network
$55.6K
-67%
flock-2
$0
—
iexec-rlc
—
—
score
—
—
livepeer
—
—
templar
—
—
opengradient
—
—
rujira
—
—
everipedia
$0
—
dkargo
—
—
zelcash
—
—
zentry
—
—
sahara-ai
—
—
okzoo
—
—
singularitynet
$0
—
arcblock
—
—
carv
—
—
chromaway
$308.6K
—
tokenbot-2
—
—
zero-gravity
$3.3M
—
gradients
—
—
singularry
—
—
alchemist-ai
—
—
olaxbt
—
—
secret
$1.3M
-84%
iotex
$1.3M
-91%
story-2
$327.5K
-98%
Showing 20 of 83 assets
04 · let price answer last
Which assets lead on price and relative strength?
Velvet leads the AI tape on Bitcoin-relative strength at +342% over 90 days. 12 of 67 covered assets are above their own 200-day average. Price shows what happened; BTC-relative strength shows whether the asset beat crypto’s opportunity-cost benchmark. Both lines run through 2026-07-31.
Complete set · no silent drops
Which assets are in AI?
83 of the 110 coins assigned to AI are rated and ranked below, and the other 27 are listed under it with the reason each one is not rated — tape-only names that publish no protocol activity included. Each asset has exactly one canonical functional theme, chosen by a specific-to-general first match on its categories.
27 of the 110 AI coins are not rated this week: 24 have no price within 7 days, 3 report no traded volume. Each one stays on this page with its reason instead of being scored at the midpoint of a range nothing measured.
No traded volume is reported on most of the last 30 days, so it has no liquidity reading.
Vanta Network SN8
$30.6M
No price this week
No traded price in the 95 days to 2026-07-31.
Rei REI
$28.8M
No price this week
No traded price in the 95 days to 2026-07-31.
Swarm Network TRUTH
$28.1M
No price this week
No traded price in the 95 days to 2026-07-31.
MEET48 IDOL
$27.9M
No price this week
No traded price in the 95 days to 2026-07-31.
The Innovation Game TIG
$26.7M
No price this week
No traded price in the 95 days to 2026-07-31.
Freysa AI FAI
$25.3M
No price this week
No traded price in the 95 days to 2026-07-31.
Acurast ACU
$24.9M
No price this week
No traded price in the 95 days to 2026-07-31.
Dolphin POD
$20.8M
No price this week
No traded price in the 95 days to 2026-07-31.
INFINIT IN
$18.1M
No price this week
No traded price in the 95 days to 2026-07-31.
Morpheus AI MOR
$16.7M
No price this week
No traded price in the 95 days to 2026-07-31.
Trusta AI TA
$15.6M
No price this week
No traded price in the 95 days to 2026-07-31.
Showing 20 of 27 not-rated coins
Methodology · boundaries make the answer useful
What can make this comparison misleading?
This AI comparison names 5 ways its own evidence can mislead, all listed below. The largest is that crypto network activity is not company earnings: protocol revenue does not automatically accrue to token holders. Coverage is also uneven — 3 of 83 assets carry enough native evidence to rank on more than price.
Crypto network activity is not company earnings. Protocol revenue does not automatically accrue to token holders.
Market-cap values are a dated universe snapshot, not point-in-time historical supply data.
Current category labels are applied to historical prices; this creates survivorship and taxonomy hindsight.
Funding rates, open interest, liquidations, exchange flows, unlock schedules, historical circulating supply and developer activity are not held and are not inferred.
Equal weighting is used for sector history because true historical market-cap weights are unavailable.
Price and technicalsThrough 2026-07-31. Five-year weekly observations benchmarked to Bitcoin.
Protocol activityThrough 2026-07-31. Fees, revenue, protocol TVL and DEX volume.
Chain activityUsers and transactions through unavailable; separately sourced chain TVL through 2026-07-25.
Market capSnapshot dated 2026-07-04; no historical supply series is implied.
Questions the page should answer directly
Crypto analysis FAQs
These 20 answers cover the questions this page can settle from data it holds — what the category is, how the score is built, what the coverage gaps are, and what would change the read. Every answer below is also present in the page’s FAQ schema and in its plain-text rendition. None of them is a recommendation.
What is AI crypto?
AI crypto refers to cryptocurrency projects grouped by what they actually do rather than by market fashion. This page tracks 83 such coins by market cap, price and Bitcoin-relative strength, with protocol fees and revenue where a project publishes them. Readings are as of 2026-07-31.
What is the total market cap of AI crypto coins?
The AI coins on this page are tracked against a universe of 894 of the top 1,000 crypto currency assets by market cap. Market-cap metadata is dated 2026-07-04, separately from the price series, and each coin's own figure is in the table on this page.
Are AI crypto coins outperforming Bitcoin?
AI has returned +28% versus Bitcoin over 52 weeks and +12.1% over 13 weeks on an equal-weight current-member index. 12/67 covered assets are above their 200-day averages as of 2026-07-31.
Which AI asset has the strongest research score?
KAITO ranks first at 71.5/100: 34.5 + 15.0 + 10.0 + 12.0 = 71.5. It is labelled “Tape-led · on-chain proof incomplete” with 50% overall evidence and 0% native-economics evidence.
Why are some AI coins not rated?
27 of the 110 coins are not rated this week: 24 have no price within 7 days, 3 report no traded volume. They stay listed with the reason beside each one rather than being scored at a neutral midpoint, because a missing reading is not a middling reading.
How is the AI 4-factor score calculated?
The exact sum is Market leadership /35 + Network and economic traction /30 + Value capture /20 + Liquidity and downside risk /15. Missing data pulls only the affected factor toward neutral and lowers evidence; it is never silently reweighted.
Why can a AI asset be labelled tape-led?
Tape-led means price and relative-strength evidence exists but less than half of the native traction and value-capture evidence is available. Such assets remain visible but rank below fully evidenced assets.
Does protocol revenue accrue to the token?
Not necessarily. Protocol fees and revenue measure network economics; token-holder value depends on the protocol’s burn, buyback, staking, distribution and governance rules. This page never assumes accrual merely because revenue exists.
Does crypto have a P/E or PEG ratio?
No comparable company-style P/E or PEG is used. Where coverage permits, the page shows network fee yield and protocol-revenue yield against a dated market-cap snapshot, with an explicit token-accrual caveat.
How much history is shown for AI?
The page shows five years of weekly price and relative-strength history and 20 complete calendar quarters of on-chain activity where available. Missing periods remain gaps.
Why do the crypto data dates differ?
Prices and technical metrics run through 2026-07-31; protocol activity through 2026-07-31; chain users and transactions through the latest available chain date; chain TVL through 2026-07-25; market capitalisation is a separate snapshot dated 2026-07-04.
Are stablecoins and wrapped tokens included in AI?
No. Pegged, wrapped, liquid-staking receipt and tokenized-asset instruments are excluded because they do not have independent price discovery.
Can one token appear in multiple raw crypto categories?
Yes, but public MLA pages assign each asset to exactly one functional theme using a specific-to-general first-match taxonomy. AI therefore has one canonical membership list.
What would invalidate the current AI theme read?
The read weakens if the sector’s 13-week relative return versus Bitcoin falls below zero, fewer than one-third of covered assets remain above the 200-day average, and the leading asset’s native activity also contracts.
Does this page include funding rates, open interest or token unlocks?
No. Those datasets are not held in the current research store, so the page names them as unavailable rather than inferring them from price.
Which projects are generating the most network fees?
EigenCloud (prev. EigenLayer) leads AI crypto on Trailing 12-month fees at $49.2M, 147% ahead of Virtuals Protocol. 1 of 3 assets with comparable change data is growing, fastest at The Graph. Coverage is 8 of the 83 ranked assets in this theme, through the Q2 2026 calendar quarter. Investor read: Use this as a network-economics research lead, not token-holder earnings. Verify whether the measured activity accrues to the token before treating scale as value capture. This conclusion weakens if fee growth turns negative across two complete calendar quarters or fee coverage falls below the stated threshold.
Which projects convert activity into protocol revenue?
Virtuals Protocol leads AI crypto on Trailing 12-month revenue at $19.9M, 971% ahead of NEAR Protocol. 0 of 2 assets with comparable change data are growing. Coverage is 5 of the 83 ranked assets in this theme, through the Q2 2026 calendar quarter. Where a project publishes nothing, the cell stays blank rather than being read as zero. Investor read: Use this as a network-economics research lead, not token-holder earnings. Verify whether the measured activity accrues to the token before treating scale as value capture. This conclusion weakens if revenue growth turns negative or the revenue-to-fees take rate falls for two complete calendar quarters.
Where is capital actually committed on-chain?
EigenCloud (prev. EigenLayer) leads AI crypto on Quarter-end TVL at $4.4B, 3923% ahead of NEAR Protocol. 1 of 12 assets with comparable change data is growing, fastest at Concordium. Coverage is 23 of the 83 ranked assets in this theme, through the Q2 2026 calendar quarter. Investor read: Use this as a network-economics research lead, not token-holder earnings. Verify whether the measured activity accrues to the token before treating scale as value capture. This conclusion weakens if TVL rises while fees and users fall; that pattern can be incentive-funded mercenary liquidity.
Which AI project has the largest fee base?
EigenCloud (prev. EigenLayer) leads covered trailing-12-month fees at $49.2M. Coverage is 8/83; this is network activity, not automatically token-holder income.
Which are the biggest AI crypto coins by market cap?
Chainlink is the largest AI crypto coin by market capitalisation at $5.9B, ahead of NEAR Protocol at $2.6B and Bittensor at $2B. The 83 AI coins on this page carry $17.8B between them, with a market-cap figure on file for 83 of them. Market-cap metadata is dated 2026-07-04.