Babylon is also going to bleed TGE, and the market generally expects FDV to be between $2 billion and $3 billion. This indicates that the market sentiment cycle has evolved from the failure of denial/anger BTFfi narrative to the stage of acceptance and facing. What about AI agents? Although I don't want to admit it, looking back now, the evolutionary structure of AI MeMe AI Agent is highly consistent with the inscription BTCfi. Both are initiated by the early intervention of Degen on the chain, followed by the wealth effect that attracts more and more retail investors to promote the secondary dissemination of the narrative. Finally, the narrative is instantiated by VC incubation projects. However, I am still willing to believe in the viewpoint that 'AI agents are different from inscriptions'. Because the essence of inscriptions is merely a narrative of asset issuance, while AI agents still hold the potential to become a new source of demand in the blockchain space, as seen in the trendy encryption slogan "Bring the next billion users to Web3" in its AI agent version. So, in http://pump.fun When the excretion of AI Agent Shitcoin is no longer smooth, the AI Agent technology transformation of project parties with long-term values is still in its infancy, such as KAVA, SynFutures, Galxe, and so on. In fact, the iterative evolution of Web2's AI agents is also in full swing. A popular AI solution nowadays is the open-source DeepSeek R1 model, professional dataset fine-tuning, and Agent communication protocol. I boldly speculate that KAVA's newly launched KAVA AI may adopt a similar technological solution. KAVA AI is a decentralized AI model built on DeepSeek R1, which has three major features: --Completely decentralized - The fine tuned model is completely open source and has open weights, without relying on centralized API services such as OpenAI --Specially optimized for DeFi - deep optimization for smart contract interaction, DeFi strategies, and on chain governance --Not only for analysis, but also for execution - most blockchain AI can only analyze on chain data, KAVA AI can actively execute transactions, move assets, and operate DeFi protocols. For example, helping users automatically discover and recommend the highest yield staking and liquidity mining opportunities, rebalancing investment portfolios across chains without manually operating multiple wallets, automatically adjusting lending positions and managing clearing risks based on market conditions, and directly executing complex DeFi operations through chat. Imagine: Say goodbye to the complex DEX interface and risk calculation, just say to AI, 'Help me find the highest annualized yield staking pool for USDC and invest 5000 coins', and everything will be automatically completed. KAVA, as an established DeFi public chain, has both professional knowledge and experience in DeFi, as well as leading DeFi datasets. But to be frank, these advantages will not automatically translate into useful AI products. We have seen too many AI x Crypto projects fail halfway through. Fortunately, things are changing. Since entering the past 25 years, I have a profound feeling that we are in a singularity era of technological explosion, and what we originally thought of as a technological utopia is accelerating its landing comprehensively. The combination of AI and Crypto is also shifting from a tokenize narrative to a focus on landing applications as the king. The performance of open-source LLM models is approaching that of closed source commercial models for the first time, LLM model fine-tuning and deployment thresholds are significantly reduced, and AI is moving from general to personalized. These three points will greatly accelerate the evolution and iteration of the AI X Crypto project. At this moment, delivering truly usable products is more important than boasting about narrative 'revolution'. If KAVA AI can seize this historic opportunity window and deliver a truly usable open-source, decentralized, transparent, and verifiable AI product, it is expected to become one of the Alphas for 25 years.