Analyst Predicts L1 Networks to Surge to $25 Trillion with AI Boost

By 2030, the total market capitalization of first-level smart contract platforms is projected to reach $15-25 trillion, driven by the “expanded use of AI agents,” according to Jamie Coutts, chief crypto analyst at Real Vision.

By 2030, the combined market value of smart contract platforms, driven by the expanding use by #AI agents could reach between $15 trillion and $25 trillion.

AI x Blockchain Growth Model (excerpt from @RealVision Pro-Crypto November 2023 report)

“In the previous scenario, I… pic.twitter.com/ohDbM7j23t

— Jamie Coutts CMT (@Jamie1Coutts) May 12, 2024

Referring to a November 2023 report, the expert noted that artificial intelligence will increase demand for on-chain verification and authentication services.

In his view, human-operated or autonomous AI agents will be able to use smart contract platforms for value exchange, significantly accelerating their growth.

“Initially, the effect will be modest, but by 2030, AI will account for over 40% of the total number of daily active users. This will evidently lead to quite astronomical valuations of blockchain assets benefiting from transaction fees generated by the growing number of agents,” Coutts explained.

Even if the forecast is only 25% accurate, the analyst still anticipates a four to fivefold increase in the volume of L1 platforms from current levels.

According to CoinGecko, at the time of writing, the total market capitalization of first-level crypto projects stands at $1.85 trillion.

In February, a JPMorgan study revealed that artificial intelligence technologies will play a leading role in trading over the next three years.

Earlier, Ethereum co-founder Vitalik Buterin highlighted four promising opportunities at the intersection of AI and cryptocurrencies.