Data from Web3 analytics platform Dexu AI shows that the AI agent sector has generated a 72.2% return in the past month, with ai16z (AI16Z) and Phala Network (PHALA) performing the best.
Specifically, AI16Z is up nearly 295%, while PHALA is up 209%. Other strong performing tokens include Virtuals Protocol (VIRTUAL), up 132% in 30 days, and AiXBT (up 125%).
In addition, CEX tokens also performed well, with the category up 41.37% in the month. In addition, the "sweat-spot" sector (projects that focus on combining blockchain functions with user-centric applications) rose 24.4%.
Other traditional areas, such as DeFi and derivatives, rose 13.2% and 12.3%, respectively; the RWA sector rose 7.21%.
Meanwhile, the modular category fell 32.1%, and low-risk tokens (LRT) fell 30.8%.
Meme coins also fell sharply by 28.7%, which may reflect investor fatigue. This is despite a recent report from Binance showing that such tokens have surpassed Bitcoin and Ethereum in terms of ownership. GameFi and privacy coins fell 21.78% and 12.46%, respectively.
In terms of market capitalization, L1 blockchains still dominate with a market capitalization of $2.75 trillion, mainly driven by Bitcoin's $1.85 trillion market capitalization.
CEX tokens ranked second in market capitalization at just over $129 billion, followed by Meme coins, which are close to $86 billion despite an overall poor performance in December. Categories such as DeFi and AI followed closely behind, with the former having a market capitalization of just under $39 billion and the latter having a market capitalization of just over $23 billion.