The AUM Gap
Log-scale comparison of MC/AUM ratios across AI agent tokens and DeFi protocols, plus gain distribution across 925k holders. Click bars to explore.
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The 10,000x Problem: Why AI Agent Token Valuations Have Detached from Treasury Performance
A new paper quantifies what everyone suspected: AI agent tokens trade at >10,000x the capital they actively manage. Here's the mechanics of why, and what it means for builders.
6 min read ⬢ interactive