In 2025, the AI Agent sector is expected to experience explosive growth, and its popularity may surpass the DeFi summer of 2020. Similar to the DeFi wave of the past, the development of AI agents has also gone through a process from initial exploration to rapid rise. In the first stage, AI agents attracted a lot of attention and investment due to their innovative applications in fields such as automated trading and intelligent analysis. However, with the rapid rise of the market, the sector has also undergone a washing up process, and some projects have experienced a pullback due to technical or market factors. However, the long-term development of AI agents is still widely regarded as promising. In 2025, OpenAI launched a new generation of inference model O3, which has powerful inference capabilities and performance close to that of General Artificial Intelligence (AGI), injecting new impetus into the development of AI agents. The O3 model performs well in tasks such as mathematics and programming, and can reason through a "private thought chain", further enhancing the intelligence level of AI agents. In addition, the application scenarios of AI agents are constantly expanding, from DeFi to DAO governance, showing great potential in optimizing transaction decisions, improving user experience, and enhancing governance efficiency. In the new cycle, AI agents have transformed from auxiliary tools of traditional AI models to the core driving force of community ecology, completely surpassing the limitations of a single "tool attribute". Nowadays, its development model is guided by "community orientation", focusing on the growth of AI agents themselves and the construction of ecosystems, as if creating an autonomous community entirely composed of robots. In the "community oriented" mode, ai16z and Virtuals can be regarded as two major representatives. Virtuals has built a complete AI agent creation and token issuance platform similar to the "Apple system", constructing a closed-loop ecosystem. AI16Z focuses on open source frameworks and decentralized governance, each with its own unique features in technical architecture, token economy, and market strategy, accurately meeting the needs of different users. At present, the AI agent market is mainly divided into two project categories: "technical support layer" and "scenario landing layer". The 'technical support layer' is committed to providing underlying technical and infrastructure support for AI agents; The 'scenario landing layer' focuses on applying AI agents to specific business scenarios to achieve their actual value. With the gradual maturity and saturation of infrastructure, the coordinated development of infrastructure and applications will become the core theme of the next stage, promoting the field towards a period of deep integration. The current hot trend of AI agents is obvious, and FOMO sentiment has prompted various funds to flood in, trying to get a share of the pie. This rapid expansion pattern has led to the emergence of projects like mushrooms after rain, but currently no single project has a market value exceeding billions. This stage can be regarded as the "primary stage" of the Web3 AI Agent race, with its core feature being time oriented: market participants generally have a speculative mentality and compete to enter the market as quickly as possible. The "second stage" will arrive in 2025, and the market focus will shift towards product quality. With it comes a major reshuffle of survival of the fittest - low-quality, opportunistic projects will be quickly eliminated by mainstream funds. With the continuous iteration and upgrading of traditional AI technology, ArkStream Capital remains optimistic about the prospects of the entire track. The current level of enthusiasm is sufficient to demonstrate its potential development space, and it is expected that the first batch of AI Agent projects with a market value exceeding billions will become an important milestone in the industry's development in the near future. The current market value of AI agents has entered the range of $15 billion to $20 billion and has shown strong growth momentum in the past few months, with a market value increase of over 30% in the past week. With the continuous maturity of technology and widespread market recognition, AI agents are expected to become one of the most promising sectors by 2025. It is expected that its market value will continue to grow rapidly and is expected to reach $50 billion or even higher by 2025. This growth trend is not only due to the advancement of AI technology, but also stems from its widespread application and implementation in multiple fields.