Binance and Famous Exchanges Added This Altcoin to Their Balance Sheet!

The AI ​​crypto industry continues to grow in popularity as FET token becomes a Proof of Reserve asset for Binance, Huobi, and Bitfinex.

FET becomes reserve asset of Binance and famous exchanges

Fetch.ai (FET) has become a Proof of Reserves (PoR) listed token for a number of exchanges, including Binance, Huobi, and Bitfinex, according to Glassnode data. As you follow on Kriptokoin.com, the popularity of Artificial Intelligence (AI) tokens has increased in the last three months. This led to significant increases in AI token price and active addresses.

FET is a decentralized digital representation of the world where autonomous software agents do useful economic work. This includes delivering data or providing services, which are then rewarded with FET for their efforts. FET has recorded a 1.24% price increase in the last 24 hours. However, the real growth can be observed in the last seven days, where the FET price has increased by 80.89%.

Fetch.ai: Total transfer volume (USD) / Source: Glassnode

The popularity of FET (among other AI cryptocurrencies) shows that FET’s transfer volume (USD) is exploding as it approaches $20 million.

Binance FET proof of reserve

Fetch.ai: Proof of Reserves (FET) Binance / Source: Glassnode

Huobi FET proof of reserve

Fetch.ai: Proof of Reserves (FET) Huobi / Source: Glassnode

Bitfinex FET proof of reserve

Fetch.ai: Proof of Reserves (FET) Bitfinex / Source: Glassnode

Ocean Protocol

AI-infused data sharing blockchain Ocean Protocol (OCEAN) has tripled the number of active addresses since November 2022, according to Glassnode data.

Number of Ocean Protocol enabled addresses / Source: Glassnode

According to Glassnode data, OCEAN outputs exceeded $2.5 million in a 30-day period starting mid-November 2022 and increasing to mid-December 2022.

Ocean Protocol stock exchange net position change (USD) All Exchanges / Source: Glassnode

OCEAN price fell 4.67% in the last 24 hours from $0.209 to $0.217. However, it has increased by 23.41% in the last seven days. OCEAN saw significant increases in active addresses and price in the month leading up to 2023, but has now been dethroned by FET as the highest AI token market cap.

AI revolution

The AI ​​cryptocurrency industry laid the groundwork for 2023, with steady but significant gains through December 2022. With the launch of Lensa, the AI-powered selfie editor, and the prototype chatbot ChatGPT, AI quickly became a viral sensation on social media. Meanwhile, ChatGPT was tested by over one million users in early December 2022.

Witnessing faster uptake than Netflix, Meta and Instagram, ChatGPT started out as a fun conversation simulator but has evolved rapidly. Added capabilities for coding, debugging, health consulting, marketing, utility task and more. Thus, it spurred both the growth of AI tokens and general public interest in the AI ​​industry.