Virtuals Protocol, a platform for creating and owning AI agents, has experienced a tumultuous period marked by a significant 200% surge in its native cryptocurrency, VIRTUAL, over the past month. This surge was largely driven by increased interest from 'smart money' investors, highlighting the platform's potential in the AI and cryptocurrency markets. However, the platform's revenue has plummeted by 96-97% from its peak earlier this year, reflecting a broader decline in demand for AI agents and raising concerns about its long-term viability.
Security issues have also plagued Virtuals Protocol, with a recent hack of its Discord server and the discovery of a critical bug in one of its audited contracts, both of which have been addressed. Despite these challenges, the platform has found a potential new avenue for growth through its collaboration with the Ethereum-based game 'Illuvium,' which plans to integrate Virtuals Protocol's AI agents to enhance its game characters. This partnership could provide a much-needed boost to the platform's visibility and adoption in the gaming sector.
VIRTUAL Cryptocurrency: A 200% Surge Amidst Challenges
October 28, 2025
1 min read
Virtuals Protocol, a platform for creating and owning AI agents, has experienced a tumultuous period marked by a significant 200% surge in its native cryptocurrency, VIRTUAL, over the past month. This surge was largely driven by increased interest from 'smart money' investors, highlighting the platform's potential in the AI and cryptocurrency markets.