The variety of tokens launched on Coinbase’s Clanker, an AI agent launch pad operating on Ethereum Layer 2 Base, has surged to a each day excessive following the latest rise of Moltbook, an AI-only social media platform.
In line with knowledge from Dune Analytics, yesterday, February 2nd, the variety of tokens created on Clanker reached 21,870, breaking final weekend’s all-time excessive.
Each day buying and selling quantity on the AI-powered Base launch pad additionally skyrocketed, reaching an all-time excessive of greater than $364 million on January thirty first.
Clumsy each day buying and selling quantity. Supply: Dune
The spike in AI agent token exercise on Base coincided with the launch and viral progress of the Moltbook platform, which went stay in late January. As exercise on the platform elevated, nearly instantly stories and discussions about autonomous AI agent conversations took over X, and among the greatest names in cryptocurrencies and AI participated.
With an interface much like Reddit, Moltbook was launched by know-how entrepreneur Matt Schlicht and was designed for use solely by AI brokers that generate posts, feedback, and upvotes whereas people can solely entry the location in read-only mode.
Moltbook and OpenClaw Meme Coin
A lot of the lively brokers in Moltbook have been created utilizing OpenClaw (beforehand often called Moltbot and Clawdbot), an open supply self-hosted AI agent framework developed by software program engineer Peter Steinberger.
As of at present, February third, all of Clanker’s high three traded tokens not less than not directly discuss with OpenClaw or Moltbook.
Since January thirtieth, Clanker buying and selling quantity has been primarily led by Moltbook (MOLT), a meme coin impressed by Moltbook. At its peak, MOLT’s market capitalization was buying and selling at $93 million, whereas the meme coin’s buying and selling quantity reached greater than $100 million inside the first 24 hours of its launch on January 30-31, in line with Dune knowledge. At present, its market cap is $25.7 million, and the token is down 23% on the day.
Defiant couldn’t verify whether or not MOLT was formally launched by and affiliated with the social platform Moltbook, or was rolled out independently as an unaffiliated meme coin.
As of at present, the quantity is led by CLAWD and related to clawd.atg.eth, an AI agent created by Ethereum Basis member Austin Griffiths final weekend. In line with his official X profile, Griffith’s brokers have a cryptocurrency pockets and are “constructing on-chain apps and bettering the instruments to construct them.” Though Mr. Griffith revealed in a latest X put up that neither he nor clawd.atg.eth launched the CLAWD token, the individual behind the token, which was launched on January 26, the day after the AI agent, directed 100% of transaction charges to Mr. Griffith’s agent.
At present, the third most traded token on Clanker is CLAWNCH. CLAWNCH is a token related to the brand new namesake Launchpad Clawnch, which permits bots on Moltbook and different platforms to launch tokens and acquire charges. As of this writing, the platform has debuted over 8,600 tokens and its AI brokers have earned over $1.3 million in charges.
Crunch quantity. Supply: Crunch
Commenting on the dangers of Moltbook and the proliferation of associated meme cash, Kais Manai, co-founder of the TEN Protocol, a Layer 2 cryptocurrency rollup on Ethereum, informed The Defiant that the cryptocurrency might have been constructed for the flawed customers from the start.
“Sensible contracts are deterministic, configurable, and machine-readable by default,” Manai stated, explaining that blockchain isn’t a shopper product however a local execution layer for autonomous software program. Manai added:
“For AI brokers, interacting with sensible contracts is way simpler than interacting with conventional monetary infrastructure. In that sense, sensible contracts are extra of a local execution layer for autonomous software program than a consumer-facing UX.”
This setup permits AI brokers to carry wallets, transact on-chain, and transfer worth with out financial institution or human approval. However that potential comfort additionally comes at a price. Unauthorized entry shifts the menace floor to keys, permissions, and identities quite than accounts and varieties.
Is Moltbook actually solely an AI agent?
Initially constructive sentiment in direction of Moltbook modified after a researcher going by the alias Nagli uncovered a bug associated to hard-coded keys that leaked roughly 1.5 million API keys together with emails and personal messages. The flaw revealed that people might impersonate bots and inject content material, despite the fact that Schlicht reportedly fastened the opening.
As of this text, the flaw is reported to have been fastened, but it surely stays unclear how a lot of the content material on Moltbook was generated by way of bugs by people quite than brokers.
Cybersecurity agency Codekeeper additionally revealed in a Feb. 1 weblog put up {that a} single OpenClaw bot spun up greater than 500,000 accounts on Moltbook as a result of the platform did not have registration restriction safeguards in place.
Builders at the moment are turning to trusted execution environments as a partial repair for the dangers related to AI brokers managing wallets and governance on-chain.
For now, the broader AI-driven transition in cryptocurrencies stays messy and experimental as safety and sensible implementation points proceed to be resolved in actual time.
