AI Crypto Sector Soars 54% in September, Led by NEAR's 183% Gain

The AI crypto sector saw significant gains in September, outperforming the broader cryptocurrency market. According to data published by Grayscale on October 2, the AI crypto sector gained 54% in September, more than twice the 24% return recorded by the wider cryptocurrency market.

Among the four tokens highlighted by Grayscale, NEAR recorded the largest monthly gain at 183%, followed by Venice VVV at 70%, World WLD at 47%, and Bittensor TAO at 37%. The performance comes as investors show increasing interest in the potential role of blockchain networks in artificial intelligence infrastructure.

However, Grayscale described this connection cautiously rather than identifying it as a definitive cause of the sector's gains. NEAR was trading lower on October 3, with a 24-hour decline of 6.6%, despite its strong September performance.