thedefiant.io
Venice AI, an agentic artificial intelligence (AI) protocol created by Erik Voorhees, the founder and CEO of ShapeShift, has led the altcoin market over the past week.
Venice AI’s $VVV token is up 135% over the last week, and 14% today to $4.28, or a $336 million fully diluted valuation (FDV), a 375% jump off its November low of $0.9.
Venice utilizes a dual-token system following the DIEM token launch in September, which provides DIEM stakers with free access to Venice AI models. DIEM reached an all-time high of $672 over the weekend, and currently changes hands at $586, a 200% increase from its launch price.
The token was launched during the peak of AI agent mania in January 2025, and traded as high as $9 within a week. However, $VVV fell alongside the rest of the low-cap altcoin and AI agent market following the LIBRA token scam in February.
A year later, $VVV is trading at its highest level since August 2025, with the protocol’s metrics hitting all-time highs. Voorhees posted on X that Venice is processing more than 45 billion large language model (LLM) tokens per day - double what he reported on Feb 4.