⚡Razvan Irimia⚡

[Defi Rocketeer @Defi_Rocketeer]

Full-Stack AI Economies: Comparing NEAR, MultiversX, Virtuals and ASI

If AI agents are a trillion-dollar economy by 2030, then whoever owns compute + payments + coordination today is massively underpriced.

I’ve been mapping the Full-stack AI economy thesis this month, after that I think most people still misunderstand the game.

AI-native blockchains are evolving from single-purpose platforms into complete economic systems, stacking compute, payments, agent marketplaces, and coordination layers to enable autonomous agent activity.

So I put them in my framework, a real AI economy needs 4 layers:

[1] Compute sovereignty - where agents actually run.

[2] Native payments - how agents pay each other.

[3] Marketplace liquidity - where agents monetize.

[4] Coordination layer - how everything scales without friction.

Among the leaders, @NEARProtocol and @ASI_Alliance offer the most mature full stacks, with dedicated decentralized compute and agent runtimes tailored for agentic workflows.

@virtuals_io dominates agent tokenization and marketplaces but leans on external compute, while @MultiversX excels in agentic commerce standards via Google's Universal Commerce Protocol integrations.

Here’s I’ll share the details insights on each protocol, I also rank them consecutively:

1/ $NEAR – The Most Complete Stack

I’ll say it directly, I think NEAR is currently the most complete AI economy stack.

→ Compute - They launched confidential GPU infra + AI runtime. TEE-secured workloads, enterprise narrative, sub-30s attestations. That matters because agent economies without secure compute are just token casinos.

→ Payments - NEAR Intents + x402 integration. Cross-chain execution + revenue-sharing + fee switch with buybacks already live.

→ Agents Layer - ironClaw runtime + chain abstraction across 35+ chains. This is execution infra, not just marketplace UI.

→ Coordination - Nightshade + chain abstraction = scalable coordination. If agent traffic explodes, infra won’t choke.

Market cap ~$1.6B with strongest volume profile among the 4. I believe $NEAR looks like it wants to be AWS + Stripe + Shopify for AI agents.

2/ $ASI Alliance - The AGI Maximalist Bet

When ASI Alliance merged @Fetch_ai , @SingularityNET, and @oceanprotocol , I was skeptical, but strategically It makes sense.

They combine agents, model marketplace, data marketplace, decentralized compute.

ICYMI, this is an AGI infra bet.

Mcap is ~$347M → much smaller than $NEAR and liquidity is thinner.

However what stands out to me is conceptual alignment: data + models + compute + tokenized coordination.

If AI agents require composable intelligence markets, $ASI could become the clearinghouse.

The upside is ideological dominance if AI-native infra wins, eventually i think this is the long-volatility bet.

3/ $VIRTUAL - The Agent Tokenization King

Virtuals Protocol does financializes agents extremely well.

- ~$488M mcap.

- $100M trading volume relative to cap daily.

- Thousands of tokenized agents.

- aGDP framework tracking agent output.

From my perspective as someone who watches liquidity closely, Virtuals understands speculation is fuel deeply.

That’s why they turned agents into tradable, ownable assets with measurable economic identity.

If compute becomes vertically integrated by chains like NEAR or ASI, margins compress for marketplace-only models.

I see it as the Nasdaq for AI agents still very valuable.

4/ $EGLD - The Commerce Standards Play

MultiversX is underrated in this conversation, they focus on agentic commerce standards.

UCP, ACP, AP2, MCP → all commerce-native stack with gasless transactions and HTTP-native integration.

They push AI-native commerce rails even though the volume is lowest among the 4 so does the mcap ~$124M.

But if AI agents start doing real commerce such as subscriptions, APIs, autonomous purchasing, standards matter more than hype.

MultiversX feels like it’s building ISO standards for AI commerce while others fight over infra dominance.

My takeaways:

after surviving multiple cycles from GameFi, NFTs, airdrops, modular, restaking… I’ve learned that narratives are shortterm but economic architecture is longterm.

i think these 4 are building sovereign economic systems for autonomous agents.

that matters more than chasing hyped or flipping shortterm gains, market has matured so much that ppl realize they now want to invest in infra like this.

[CodeMultiversX @CodeMultiversX]

New release:

MultiversX ships native support for MCP (Model Context Protocol) and UCP (Universal Commerce Protocol).

Two integrations.

One goal:
Make MultiversX the infrastructure layer for autonomous AI agents.

Let's break down what we built and why it matters. 🧵

[Arcadia ⚡️ @xArcadiaGame]

🚨 A new quest type is coming: delivery quests 📦

Bring packages from one NPC to another to earn rewards!🧑‍🌾

But NPCs live their own lives: some need help on Mondays, others on Wednesdays... You will have to adapt your actions to their schedules 📅 🛠️

#multiversX #EGLD #P2E

[Multiversᕽ @MultiversX]

Build the future on MultiversX.

[Multiversᕽ @MultiversX]

@MrBeast More abstract & heavily discredited by bad actors, but we're here to chat about the future of internet, one that we've been building for years with full focus on fundamentals: security, scalability, true ownership.

[Arcadia ⚡️ @xArcadiaGame]

🧙‍♂️⚒️

🚧 We're working on the final major module before launching the next alpha testing phase of our game!

In addition to other activities, players will be able to build and manage their own farm 🌱

🏁 After months of hard work, the final sprint has begun!

#EGLD #MultiversX

[Arcadia ⚡️ @xArcadiaGame]

🧙‍♂️
In Arcadia, the player can find resource gathering quests, heads into the forest, chops trees and earns XP 🥰
The collected resources can also be transformed using workbenches to craft new items like planks, tools, and more! 🔨
Explore, gather, and craft your way to adventure!

[CodeMultiversX @CodeMultiversX]

1/ AI_MegaWave Hackathon Live Kickoff is happening today, at 15:00 UTC!

Building for the hackathon? Learn from those who’ve done it before.

@mihschiopu & @MihaiBullseye (xDay Hackathon Winner) will share some tips and tricks on how to stand out and have a rewarding experience.

[Multiversᕽ @MultiversX]

an open letter to political leaders (and their advisors)

[Lucky @LLuciano_BTC]

I'm closely monitoring the @MultiversX chart right now.

$EGLD staying above the resistance could indicate a significant climb ahead.

The signal for $EGLD loud and clear! Just remember to do your research and don't follow blindly.

NFA!

[Sergiu Biriș @sergiubiris]

Hey @xPortalApp fam. Do you want more people to discover @MultiversX & $EGLD?

Share, bookmark & read on 👇

[Beniamin Mincu |🇺🇸/acc @beniaminmincu]

The Great Interop Arbitrage — A Few Thoughts

1. What does interoperability mean, actually?
Well, it means 70+ networks connected, enabling true decentralized cross-chain communication. TODAY. In fact, Axelar's goal is 1,000,000 interconnected chains. Touche to that!

2. What does it unlock?
In this case, Axelar's message protocol enables
@MultiversX dApps to call smart contracts on any of the 70+ connected chains – and vice versa. Seamless interaction with external DeFi, NFT, and gaming ecosystems, without manual bridging. Effectively extending products beyond one chain. (!) This is as big as it gets. And in practice, this means liquidity. A whole new liquidity flywheel.

3. Is it that big of a deal?
You tell me:
→ Is accessing liquidity from Ethereum and 69 other chains, instantly accessible, a big deal?
→ Is enabling this at scale, frictionless, without bugs and flaws on each chain, a big deal?
I guess so. I guess this might be one of the biggest catalysts and accelerators for the immediate future. Hard to overstate how much the entire Solana game was fueled solely due to native aligned cross chain bridging, when it mattered the most. The lesson? Learn, adapt, make progress. FAST.

4. If it is a big deal, can we accelerate, sir?
Yes. Yes. And yes. But, doing it right -- effectively and securely, takes time. A lot of it. Suffice it to say I (and Lucian) have been pingging Georgios and the team every 1-2 weeks, to help with anything we can.🫡 Things are getting close. Very close. And this will be a major heartfelt milestone for 2025.

So, big respect to @buidly_ for doing the prep work, and pushing. It's never simple. Many obstacles appear on the road. But you have to push -- no matter what.

Also big respect to @yorgosv_ and the @axelar team. You can only imagine what it means to do the hardcore effort of integrating with so many chains. But it matters-- big time.

There is a great arbitrage here. The market will discover it. One way or another.

Can't wait to see this baby live🔥🛠️

[Lucian Mincu @lucianmincu]

MultiversX is going big on AI! 🤖

Excited to share that we're hosting the very first ecosystem hackathon focused on autonomous programs and related tools.

Global and online, for everyone — even machines 🖨

[Beniamin Mincu |🇺🇸/acc @beniaminmincu]

Ship baby, ship 🔥🛠️

[Beniamin Mincu |🇺🇸/acc @beniaminmincu]

Some wait for the wave.

Others create it.

Build. Test the limits. Accelerate -- AI is perhaps the best of tools. Deploy it on MultiversX.

1% better.

TODAIY. 🤖🔥

[Robert Sasu | dev/acc @SasuRobert]

People do not realise how bad this is for Ethereum L1 or how bad L2s are for Ethereum. It was predictable, the Cosmos model of appChains and appChains giving back value to the base layer simply did not work.

In case of L2s, it was different initially when the L2s were paying big time to put DA (data availability) to the chain, but with the introduction of blobs and the possibility to use DA from other ecosystems just eliminated what was thought as valuable. It is clear at the current moment that DA is not valued too much, it is also clear L2s are cannibalising Ethereum. Just extracting all the users from there.

And actually Ethereum Foundation and all the KOLs have helped this. I just could not fathom how could people accept so much centralisation, and there was no public outcry that centralised sequencers are bad. It was no outcry because ETH was deflationary for a period of time. But right now, it is clear that people do not value the base layer at all.

Projects and people were extracted from Ethereum, all of them went to centralised L2s, composability which is a super important primitive is forgotten, wars and pumping tokens and metrics is the new meta. What a sad time.

From this it is clear that the BASE LAYER must scale, otherwise, it is doomed to be unused. This is a scaling game, faster is better, more capacity is better. But we can't forgot why we are here, like building decentralised, permissionless networks. So scaling cannot come by putting all servers in one datacenter. Scaling has to come with scaling the number of nodes as well. Otherwise, the fundamentals are lost.

[CodeMultiversX @CodeMultiversX]

Storage Mappers v2, brought to you by the @MultiversX SpaceCraft SDK team.

Finally, smart contract storage that behaves like sound memory would in a regular program.

Ownership, structure, and safety - because a good framework makes certain bugs impossible, not avoidable. 🧵

[Beniamin Mincu |🇺🇸/acc @beniaminmincu]

The single most important focus is to get 1% better each day, every day.

At first, it feels small. Almost trivial.

Then, compounding kicks in—and suddenly, things change.

Momentum takes over. The game shifts.

1% is all we need today.

Ship baby, ship 🫡

[Robert Sasu | dev/acc @SasuRobert]

FullShardPodcast.

China’s DeepSeek is like a tsunami 🌊 and being it open source makes it so much more important. Everyone has to rethink its strategies on AI.

Bold moves, big dreams, innovation and disruption. Nothing will stop MultiversX.

[Moisa Adrian @MoisaAdrian23]

🛠The latest developments from the @MultiversX team are truly impressive!

⚡️Exciting times ahead, both for the ecosystem and $EGLD. The momentum is building, and the future looks bright! 🚀🔥

@beniaminmincu
@lucianmincu
#MultiversX #EGLD #Crypto