AI Crypto Sector Roars 54% in September, Led by NEAR's 183% Surge

Grayscale's AI crypto sector rose 54% in September, outpacing the broader crypto market's 24% gain. NEAR Protocol led the pack with a 183% surge, followed closely by Venice (VVV) at 70%, World (WLD) at 47%, and Bittensor (TAO) at 37%.

The rally in the AI sector is attributed to growing interest in blockchain infrastructure for AI, according to Zach Pandl, Grayscale's head of research. He cited potential applications in agent payments, digital identity, private computing, and verifiable records.

NEAR Protocol, in particular, has been gaining momentum, with its 30-day gain reaching over 151%. The token has climbed over 211% since the start of the year and hit a one-month high on September 27.