
DeFAI market capitalization down 80% from January...AI industry downturn in full swing
“The market capitalization of the DeFAI (AI+DeFi) sector is down 80% from January this year ($7 billion),” Cointelegraph reported, citing CoinGecko data. “DeFAI, which has been touted as a combination of decentralized finance (DeFi) and artificial intelligence (AI), emerged as a major player in the cryptocurrency market late last