After the AI proxy bubble burst, the Virtual and AI16Z in the zone both dropped by more than 80% from their highs, smashing AI16Z to its current valuation of over 300 million, while the valuation of leading Virtual is roughly double that of AI16Z. It is highly probable that this track will produce targets worth around 1 billion in the future. After this bubble squeeze, Swarms' valuation is now only around 40 million US dollars, the lowest among the three major AI framework protocols, and there has been significant capital activity in the market data recently.

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May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
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