AI Crypto Tokens Face Valuation Disconnect Amid Revenue Gap

The AI crypto sector, valued at $24-25 billion, continues to struggle as major AI-related tokens remain 70%-90% below their 2024-2025 highs. While AI companies like Anthropic and Nvidia report massive growth, this has not translated into direct demand for AI-labeled tokens. According to a BlackRock research paper, AI represents machine-native intelligence while digital assets serve as machine-native money, creating a distinction between corporate revenue models and protocol-based token value. CoinGecko reports that AI coins captured 35.7% of market narrative attention in Q1 2026, yet capital continues to favor established infrastructure over speculative AI assets.