The current market situation is neither market nor market. It's not bad to make secondary trading difficult, so it's better to pay more attention to the upcoming TGE projects, especially the AI agent track. By 2025, the AI agency track will raise over 500 million yuan in financing, shifting the focus from tools to the autonomous economy. For example, Talus/Theoriq leads DeFi applications (TVL/incentives), Warden fills infrastructure gaps, and Surf assists. Surf AI @SurfAI Summary information: The encrypted AI command center integrates user trust sources, encrypted X feeds, and on chain data, providing AI assistants for research, analysis, and transaction execution. Positioned as a "complete analysis loop" tool for cryptocurrency traders. Key advantages and competitiveness: seamless integration of social signals, on chain data, and research; The mobile app supports real-time insights and reduces research barriers. The competitiveness lies in user friendliness, which is superior to pure on chain agents such as Talus, but lacks depth of autonomous execution. Latest progress: The mobile app will be officially launched in November 2025, and the early bird waitlist will be open. Talus Labs @Talus_Labs Summary information: Based on Sui's L1 blockchain, we focus on decentralized AI proxy economy. Core product Nexus framework (proxy toolkit) http://Idol.fun (Proxy Game Platform) and PredictionAI (Proxy Prediction Market). Key advantages and competitiveness: Agency standardization (perception decision execution cycle), support for cross chain (Sui/BNB) and verifiable execution; The economic model emphasizes real contributions (non farm) and raises $10M (led by Polychain). Stronger in competitiveness than gamified agents, better than Warden's infrastructure, but dependent on the Sui ecosystem. Latest progress: TGE is expected to be in December, with mainnet Q1 2026; Airdrop priority test network participants (yapping/NFT holders), token economy is about to be revealed; Nexus and AvA market testing network are active, and Sui/Valrus cooperation is deepening. Theoriq AI @TheoriqAI Summary information: Decentralized multi-agent governance protocol that integrates AI and blockchain. Core Alpha Protocol (Proxy Identity/Coordination Layer), AlphaSmart (Proxy Cluster), and AlphaVault (Proxy Vault). Key advantages and competitiveness: Proxy registration+TVL delegation mechanism, supporting autonomous collaboration/optimization (such as liquidity routing); Built in reputation rating and punishment to enhance trust. The competitiveness lies in the deep integration of DeFi (Lido/Mellow collaboration), which is more instrumental than Surf, but has a higher development threshold. Latest progress: TGE Q4 2025 (December), main network synchronization; AlphaVault Phase 2 is launched, and registration for proxy developers is open (founder incentive+emissions); X Spaces discusses vault of faults architecture, with ETH Denver/Lido TVL reaching 20000 ETH. Warden Protocol @wardenprotocol Summary information: AI native blockchain infrastructure, verifying AI output (blockchain+cryptography+consensus). The full stack strategy covers the App/Studio/Hub/Chain layers. Key advantages and competitiveness: end-to-end AI verification to ensure model output drives dApps; Beta activities support proxy creation/interaction. The competitiveness lies in the robustness of infrastructure, which is superior to Talus' L1 specificity, but the application layer is shallow and susceptible to delays. Latest progress: Beta campaign (launched in May) airdrop active; The full stack update emphasizes the application to infrastructure, and Lagrange zkML collaboration promotes it. Surf AI is a research/analysis tool; Talus Labs agency game+prediction market; Theoriq AIDeFi Proxy Coordination+Vault; Warden Protocol AI verification infrastructure. @KaitoAI kaitoyap