From Developer Ecosystem to Supply Chain, Solana's "AI Ecosystem Strategy"
Editor's Note:
The author's first article about the Griffain and SendAI hackathon was written on December 13, when the Solana hackathon and Griffain were gaining popularity, causing a wealth effect on Solana. Today, with the full-scale outbreak of the AI market, Griffain's market value has reached an all-time high, exceeding $480 million. The SendAI token, Send, has also returned to a $100 million market value. In the highly evolving AI Agent ecosystem, what advantages and progress do Griffain and Send have?
Web3 Edition Perplexity, or Solana's App Store?
When we look back at the founder of Griffain, we find that he did not originally join Crypto but spent 6 years growing in Silicon Valley, accumulating significant development and sales experience before entering Crypto.
In September 2016, a young man from San Francisco State University pushed open the doors of Uber. And if it weren't for coincidence, you might never have known him until recently when the token of his project on the Solana chain surpassed $250 million in market value. He is Tony Plasencia, the founder of Graffin.
Unlike other cryptocurrency founders who often hide their personal information, you can easily find any information about him online. Even now, you can see his views on various social phenomena on Medium. After leaving Uber, he participated in and invested in many startups, including the famous VC-backed American household service website Thumbtack and the food ordering platform Ritual.
After many twists and turns, in 2022, he founded his first blockchain project (Underdog Protocol). Although it now appears to be a platform for no-code issuance of NFTs and SPL Tokens, the initial intention of the founding was to finance his future as a token, much like the Human Agent investment platform. Although this project did not cause a stir in the market, it was also his first foray into blockchain entrepreneurship.
His second stop was during the Blinks ecosystem boom, where he developed a platform to launch Blinks tokens and NFTs—Blinkdotfun. By locking the Sol used for buying and selling tokens in a Bonding Curve to reflect the token's market value fluctuations, users could share links on X, enabling others to directly buy or sell tokens on X, turning X into his launch platform.
And Griffain, released on November 1st this year, has become Tony's most successful Crypto project to date. He first introduced Griffain at the Hacking for Agentic Finance hackathon, with a vision to turn your ideas into actionable AI agents. Perhaps due to the accumulation of previous projects, Griffain quickly gained significant attention within the Solana ecosystem, with projects like Toly, vvAIfu, Jupiter, and Dialect expressing support or further collaboration to enhance the product.
The current stage of the CryptoAI project is developing rapidly, but it also faces significant differentiation. When discussing the AI Agent market, funding is primarily allocated to different areas: the upstream focuses on the architecture and ecosystem of AI agents or a hive system that allows agent aggregation, the midstream emphasizes AI agents with market influence, and the downstream focuses on AI apps with real application value or rapidly growing data set displays.
Griffain, as an all-in-one AI agent, covers the entire supply chain from upstream to downstream. Serving as an integrated AI app rather than a development framework, Griffain functions as a Perplexity-style AI agent directory. When a user makes a request, Griffain can summon an agent capable of fulfilling that request. This approach not only attracts attention to the AI agents launched on its platform but also bypasses the product and demand-side development extension step, directly connecting developers and users. This creates a kind of "SaaS" platform similar to an AI agent.
Just a few days ago, Griffain introduced the concept of SAIMP (Solana AI Message Protocol), which is akin to an on-chain communication system between AI agents. The exchangeable information includes sender/receiver addresses, topics, content, and more. Many experts or users believe that AI agents lack self-awareness and are merely algorithmic systems, making a communication system between them quite useless.
However, for the next cycle of AI agents, the ability to verify all data on-chain is crucial. The Tee architecture ensures that AI agents are not manipulated by humans but can act based on self-awareness. What SAIMP aims to achieve is to make communication between AI agents transparent or verifiable (like "private chats" between agents). More than functionality, storing and verifying information exchanged among multiple intelligent agents is a key feature.
It is also not difficult to imagine why the market has such high expectations for Griffain. Not only is it the first Web3 version of Perplexity, but more importantly, this platform provides an AI Agent with a platform for upstream and downstream interaction. Not only can it reduce the communication cost between AI Agents and humans, but functional transactions and communication between AI Agents can also be initiated by this AIpp Store. It is not only a human's App Store but also an AI's App Store.
It's All the Rage, Solana Also Has its Own 'Preferred Agent Kit'
If we say that when Solana announced the hackathon hosted by SendAI, its token market value surged to $170 million, it was a reflection of the market's anticipatory mood. Today, Send's return to a $130 million market value is a true acknowledgment of the potential of its AI ecosystem.
Those familiar with Send know that when Solana introduced the Blinks concept, he almost replaced the official display of the use of 100 blinks on X, with two components making up Blinks, Actions and Blinks. Actions provide compliant APIs to quickly complete transfers, execute smart contracts, and other operations, while Blinks convert APIs into shareable links, allowing users to preview and trigger on-chain transactions directly on a webpage or social platform.
So, from a technical development standpoint, there is no more suitable team than the Send team, familiar with developing and applying blinks, to develop the infrastructure of the Solana AI Agent. With their rich on-chain interaction APIs and experience in making them interoperable with multi-web clients, their Agent kit not only supports a fusion of multiple language architectures but also supports multiple interaction modes embedding 'Dialect's blinks' and 'Send Arcade's games.' Agents using their tools can more easily interact with the blockchain or social media.
And the hackathon hosted by Send AI stopped accepting submissions a few days ago, with 427 projects successfully proposed in the end. In just a few weeks since the Solana Agent Kit was announced, there have been as many as 65 projects developed using the Solana Agent Kit. Furthermore, countless projects that did not participate in the competition but used this tool after the list closed, by the end of 2024, the star count of this open-source architecture had far exceeded Zerepy and Coinbase's CDP Agent Kit.
This is how the infrastructure of Solana, chosen for its high throughput and corresponding speed, has been prepared for various DePin projects to provide computing power and datasets, AI Agent basic tools such as Solana Agent Kit, Zerepy, ElizaOS, arc, etc., and all-in-one tools like griffain. AI Agent developers only need to unleash all their imagination to find possible use cases for users. With the infrastructure, the supply side, and the use case channels, a complete supply chain cycle is completed. This is Solana's strategy, and it will also be the most efficient way for Crypto AI to generate output.
You may also like
Bloomberg: As Bitcoin Weakens, Stablecoins and RWA Continue to Drive Expansion in Crypto Businesses
In June, Bloomberg reported that despite Bitcoin falling below $60,000 last week, wiping out about $235 billion in market value within seven days, and dropping close to 50% from last year’s peak, some core businesses in the crypto industry are still expanding, mainly in stablecoins, real-world asset tokenization (RWA), payments, and infrastructure. The report also noted that overall altcoin activity has contracted significantly: altcoin market capitalization has fallen from a peak of about $431 billion in November 2021 to around $170 billion, and among the tens of millions of tokens issued in recent years, fewer than 1,700 still maintain meaningful trading activity.
Galaxy Deep Research Report: How Hyperliquid's HIP-4 Upgrade Changes the Landscape of Prediction Markets?
Binance Research: RWA Market Expected to Expand Nearly 6x from Early 2025, with Public Equities and Onchain Payments Heating Up Together
In June, Binance Research said in its monthly market report that the real-world asset (RWA) market is expected to grow by about 589% from the beginning of 2025. Bond- and money market fund-related RWA expanded by about $6.5 billion, up 83% year over year, while publicly traded equity RWAs grew by about 422%. The report also noted that monthly crypto debit card transaction volume exceeded $747 million in May, up 48.6% year to date.
Japan to Assess a Framework for Yen Stablecoins and Crypto ETFs as Asia’s Compliant Payments Narrative Heats Up
Recently, according to the original report, Japan is considering the launch of yen stablecoins and cryptocurrency ETFs. Public information remains limited at this stage, and there is still no complete policy text, regulatory draft, or clear implementation timeline, so this is better characterized as a “policy discussion” rather than formal implementation. The original wording also noted that advancing stablecoin regulation in Asia is driving XRP usage and supporting growth in the XRPL ecosystem. However, based on currently available public information, there is not enough evidence to directly establish a clear causal relationship between this round of discussion in Japan and XRP or XRPL.
ZachXBT: Humanity private key leak and abnormal surge in H token should be viewed separately
On June 9, according to related disclosures, on-chain investigator ZachXBT posted an update on Humanity’s roughly $31 million security incident, saying that after further analyzing fund flows, he currently tends to believe the project team was not involved in an “inside job” or a self-staged attack. According to him, the official explanation about the private key leak was broadly accurate, but before the token unlock, the price of H had been artificially pushed higher, and the hacker later took advantage of that market environment; therefore, the private key leak and the earlier abnormal price pumping should be regarded as two separate and independent events. This reframing has shifted the market’s understanding of the nature of the incident. Earlier discussion around Humanity had focused on whether the team directly participated in the attack or used the security incident to cover up internal operations. ZachXBT’s latest remarks shift the focus from “whether it was self-theft” to “whether there were pre-unlock market structure issues.” He also questioned whether the team may have.
Morning Report | OpenAI has submitted an S-1 registration statement draft to the U.S. SEC; Morpho completes $175 million financing
Morning Report | BitMine increased its holdings by 126,971 ETH last week; trader Eugene announced his exit from the crypto market
Wang Chuan: How can one not feel anxious after the neighbor Old Wang made thirty times profit by investing in storage stocks? (Seven) - A quarter-century cycle
Cryptocurrency CEXs are flocking to sell US stocks, and traditional brokerages are facing an "uninvited guest."
$75 billion in foreign capital has fled, and South Korean retail investors have absorbed it all using leverage
Japan’s Three Megabanks Plan Joint Stablecoin Issuance in Fiscal 2026
MUFG, SMBC, and Mizuho reportedly plan to jointly issue fiat-pegged stablecoins in fiscal 2026, signaling Japan’s growing push into bank-led digital payment infrastructure.
Humanity Discloses H Token Dual-Chain Attack Details, With Losses on Ethereum and BSC Exceeding $36 Million
Humanity said the H token attack across Ethereum and BSC caused more than $36 million in losses after leaked ProxyAdmin keys enabled malicious contract upgrades and token minting.
White House Discusses CLARITY Act With Law Enforcement Ahead of Senate Vote
The White House discussed the CLARITY Act with law enforcement ahead of a Senate vote, focusing on illicit finance risks and developer protections.
Bitcoin Trading Guide 2026: Strategies for Experienced Traders
What Is XAUT and PAXG? Why Tokenized Gold Is Booming in 2026
Will the SpaceX IPO Hurt Bitcoin? Here's What Traders Are Watching
Foreign selling in the South Korean stock market accelerates, with cumulative net sales reportedly reaching $75 billion this year
On June 9, The Kobeissi Letter, citing Goldman Sachs data, reported that global investors are selling South Korean stocks at an unusually rapid pace. In the latest trading session, foreign investors sold about $801 million worth of Kospi constituent stocks again; total foreign outflows last week reached about $10 billion, and the market has been in net foreign selling on nearly every trading day over the past month. According to the data cited in the report, foreign investors have sold about $75 billion worth of South Korean stocks so far this year. Meanwhile, South Korean retail and institutional investors together recorded roughly $69 billion in net buying over the same period, suggesting that the market’s main buying support has come from domestic capital rather than returning overseas funds. The information currently disclosed still mainly comes from The Kobeissi Letter’s retelling and Goldman Sachs data summaries, while public details on the statistical period and the specific definition of “selling” remain relatively limited.
Fortune Warns of Strategy’s Financing Structure Risks as Bitcoin Premium Narrows
Fortune warned that Strategy’s Bitcoin treasury model faces growing financing risks as MSTR’s net asset premium narrows and preferred stock dividend pressure increases.
Bloomberg: As Bitcoin Weakens, Stablecoins and RWA Continue to Drive Expansion in Crypto Businesses
In June, Bloomberg reported that despite Bitcoin falling below $60,000 last week, wiping out about $235 billion in market value within seven days, and dropping close to 50% from last year’s peak, some core businesses in the crypto industry are still expanding, mainly in stablecoins, real-world asset tokenization (RWA), payments, and infrastructure. The report also noted that overall altcoin activity has contracted significantly: altcoin market capitalization has fallen from a peak of about $431 billion in November 2021 to around $170 billion, and among the tens of millions of tokens issued in recent years, fewer than 1,700 still maintain meaningful trading activity.
Galaxy Deep Research Report: How Hyperliquid's HIP-4 Upgrade Changes the Landscape of Prediction Markets?
Binance Research: RWA Market Expected to Expand Nearly 6x from Early 2025, with Public Equities and Onchain Payments Heating Up Together
In June, Binance Research said in its monthly market report that the real-world asset (RWA) market is expected to grow by about 589% from the beginning of 2025. Bond- and money market fund-related RWA expanded by about $6.5 billion, up 83% year over year, while publicly traded equity RWAs grew by about 422%. The report also noted that monthly crypto debit card transaction volume exceeded $747 million in May, up 48.6% year to date.
Japan to Assess a Framework for Yen Stablecoins and Crypto ETFs as Asia’s Compliant Payments Narrative Heats Up
Recently, according to the original report, Japan is considering the launch of yen stablecoins and cryptocurrency ETFs. Public information remains limited at this stage, and there is still no complete policy text, regulatory draft, or clear implementation timeline, so this is better characterized as a “policy discussion” rather than formal implementation. The original wording also noted that advancing stablecoin regulation in Asia is driving XRP usage and supporting growth in the XRPL ecosystem. However, based on currently available public information, there is not enough evidence to directly establish a clear causal relationship between this round of discussion in Japan and XRP or XRPL.
ZachXBT: Humanity private key leak and abnormal surge in H token should be viewed separately
On June 9, according to related disclosures, on-chain investigator ZachXBT posted an update on Humanity’s roughly $31 million security incident, saying that after further analyzing fund flows, he currently tends to believe the project team was not involved in an “inside job” or a self-staged attack. According to him, the official explanation about the private key leak was broadly accurate, but before the token unlock, the price of H had been artificially pushed higher, and the hacker later took advantage of that market environment; therefore, the private key leak and the earlier abnormal price pumping should be regarded as two separate and independent events. This reframing has shifted the market’s understanding of the nature of the incident. Earlier discussion around Humanity had focused on whether the team directly participated in the attack or used the security incident to cover up internal operations. ZachXBT’s latest remarks shift the focus from “whether it was self-theft” to “whether there were pre-unlock market structure issues.” He also questioned whether the team may have.
Morning Report | OpenAI has submitted an S-1 registration statement draft to the U.S. SEC; Morpho completes $175 million financing
