web3: Fidelity reminds that AI agents may not necessarily bring the same value to public chains
Ai Focus
Fidelity says that the AI agent may not leave enough value on the public chain, while Grayscale continues to be optimistic about the AI prospects of ETH, SOL, WLD, and TAO.
富达数字资产在一份新报告中提醒,AI 代理未来即使产生大量线上活动,也不一定会给公链带来同等规模的价值沉淀。报告把这一点列为 AI 与加密叙事面临的主要风险之一。
封闭平台可能承接更多 AI 活动
报告认为,大型科技公司和金融科技平台运营的封闭系统,可能在性能、成本、用户体验和合规清晰度上更有优势。如果 AI 代理主要停留在这些体系内运行,公链获得的真实需求可能低于部分市场预期。
这意味着,市场上关于 AI 代理将广泛依赖链上支付、身份和结算的判断,未必会按预期兑现到公链层面。富达并未否定 AI 会使用区块链,而是质疑这些使用最终能给底层网络和原生代币留下多少经济收益。
XRP Ledger已开始对接支付场景
一些网络已经在为这一场景做准备。例如,XRP Ledger 已接入 x402 支付标准,允许 AI 代理使用 XRP 和 RLUSD 支付服务费用。这类尝试说明,链上支付基础设施正在主动争取 AI 应用落地。
交易增长未必转化为代币收益
富达指出,即便 AI 带动链上支付增长,收益也未必流向底层公链。以稳定币为例,交易量上升后,更多经济利益可能由稳定币发行方和服务提供商获得,而不是由基础区块链本身捕获。
报告还提到,AI 可能进一步降低软件开发成本,让不同网络之间的技术差异缩小。在这种环境下,流动性、分发能力、安全性和用户信任,可能比单纯的技术特性更重要。
- 富达把价值捕获问题列为关键风险之一
- 稳定币交易增长未必直接推升底层链价值
- AI 也可能降低发现漏洞和编写攻击代码的门槛
灰度继续看好 ETH、SOL、WLD 和 TAO
与富达的谨慎判断相比,灰度研究主管 Zach Pandl 给出了更积极的看法。他近期点名以太坊、Solana、Worldcoin 和 Bittensor,认为这些网络有望受益于 AI 在代理金融、可验证记录和去中心化 AI 领域的扩张。
这类乐观观点的核心在于,自治软件可能需要可编程货币和全天候运行的基础设施,而传统金融系统并非为此设计。不过,富达的报告强调,真正值得观察的并不是 AI 代理会不会用区块链,而是公链和原生代币最终能分到多少价值。
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