Report: As of August, the total market value of the five major AI tokens has dropped from $170 million to $60 million

Odaily Planet Daily News Encrypted data provider Kaiko stated in a report released recently that the total market value of five mainstream AI tokens (FET, GRT, RNDR, OCEAN, and ROSE) has jumped from $170 million earlier this year. That fell to $60 million in August. Kaiko analyst Dessislava Ianeva said the drop in AI tokens was due to a shift in global risk appetite. However, the report also revealed that some projects did gain traction, notably Fetch.ai (FET) and Ocean Protocol (OCEAN), with the former seeing its open interest surge nearly 90% in the last month. While open interest has fallen sharply recently, weekly trading volumes in AI-related tokens have surged in August: after falling to a yearly low of $570 million in late July, they jumped to $870 million last month. (Decrypt)