Reuters: The market value of AI cryptocurrency has surged to 22.8 billion US dollars, with some tokens increasing more than Bitcoin in the past year

Over the past year, many AI cryptocurrencies have even outperformed Bitcoin. According to the latest data from CoinGecko, the total market value of this sector has surged from $2.7 billion in April last year to $22.8 billion, with related tokens rising 145% to 297% in the past 30 days.

Market observers say that encryption and blockchain technology can help solve some early problems in the AI industry, such as privacy and demand for computing power. Markus Levin, co-founder of blockchain data storage company XYO Network said: "As AI systems and blockchain networks continue to evolve, we will see more and more use cases merging these two industries together."

In addition, including AI-related tokens, CoinDesk's Computing Index has grown over 165% in the past 12 months, even surpassing Bitcoin's increase of 151%.

Data from Kaiko Research shows that trading volume of AI cryptocurrencies also rose sharply this year, reaching a record high of $3.8 billion at the end of February.