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BlockBeats News, October 20, according to Forbes, by 2025, autonomous AI agents have become one of the hottest narratives in the crypto industry, expanding overnight from an experimental novelty to a market worth $13.5 billions. An AI agent called "Truth Terminal" once convinced well-known venture capitalist Marc Andreessen to donate $50,000, which drove the GOAT token's market cap to soar to $1.2 billions. Currently, on the Virtuals Protocol platform alone, there are more than 11,000 AI agents running, executing trades and managing portfolios with minimal human intervention.But there is a problem that almost no one is willing to face. These AI agents were originally designed to improve the efficiency of DeFi, yet they themselves are often highly centralized. The vast majority rely on closed-source models from companies such as OpenAI and Anthropic, resulting in a centralized monopoly at the expense of user data and trading flow. In an industry built on transparency, AI agents simultaneously represent the most market-fit product the crypto world has seen so far—and the most severe ideological contradiction. The question is no longer "Will AI agents reshape the crypto industry," but rather—they already are. Security researchers warn that many AI agents deployed on blockchain networks use unaudited smart contracts, and most delegate decision-making processes to centralized AI services. When an agent executes a $100,000 DeFi strategy, the real decision-making and reasoning actually takes place on servers owned by OpenAI or Google—these "black box" systems cannot be audited or verified by anyone.

BlockBeats reported on October 20 that Evgeny Gaevoy, founder of crypto market maker Wintermute, stated during The Block's podcast that, "During the '10.11' crash, there was a serious inventory issue in the DeFi market. Our positions were on a certain exchange, but we couldn't transfer them out, so we sold everything we could on DeFi, and bought everything we could on that exchange, but couldn't complete the asset transfer, resulting in a liquidity imbalance." Gaevoy said that although arbitrage could be done through lending or cross-market pricing, the risks were high and the operations were complex. In this incident, many competitors' risk control systems triggered circuit breakers and suspended DeFi trading. Nevertheless, he expressed satisfaction with his team's performance, saying, "Although we could have made more money, we did indeed run out of inventory."