$GRIFT (Orbit): A Critical Interoperable AI Infrastructure Play Powering DeFi Agents… And How It Compares vs Leader $GRIFFAIN.
Note: this is a retroactive add to match X publication on (12/18/2024)
Spotlight Research | $GRIFT ( $72 M FDV) @orbitcryptoai Via @ryanmcnutty33 @chrisjries
What is it? | A DeFi assistant for on-chain actions prompted with natural language.
$GRIFT is an AI driven DeFi platform developed by @sphereone_ for automating DeFi actions across multiple blockchains.
$GRIFT simplifies blockchain interactions through AI agents with a user-friendly interface for tasks like token swaps, liquidity management, and yield optimization.
$GRIFT resolves the complexity of managing Defi activities across multi chains without the need for the user to be well versed with the technical know-how and therefore eliminating the need for manual effort in navigating through DeFi.
This project aims to create an accessible, efficient, and secure Web3 in which blockchain technologies are simplified with AI to empower users and developers with planned features such as sending tokens to an email address. Though this project is newly launched with a working product, its foundation has been in the works for over a year.
How does the project work? | AI Agents processing on-chain tasks.
$GRIFT operates by employing AI agents to manage DeFi tasks whereby a user can interact with the agents based on a text command.
These agents automate processes including swapping tokens, managing liquidity pools, yield optimization for stablecoins, bridging assets across different blockchains and airdrop farming that collectively make complex blockchain operations accessible via simple instructions.
What technology does it use? | Super Agents utilizing other 170+agents in a multi agent system.
$GRIFT uses the concept of a “Super Agent” that solves a user's objective by routing requests across 178 AI agents that represent different DeFi protocols.
The platform provides tools for users and developers to create custom agents for specific needs, enhancing personalization and functionality. It uses the concept of Multi Agent System for using AI agents to build other specialized agents.
$GRIFT leverages 10 different Large Language Models for natural language processing and decision making within DeFi operations. It supports 116 blockchains, using cross-chain bridges and Layer 2 solutions for interoperability.
Who are the founders? | AI and Blockchain experts.
The project is developed by @sphereone_, a platform combining AI with blockchain technology to simplify on-chain finance, enabling secure, automated transactions across multiple protocols, being spearheaded by @ryanmcnutty33 and @chrisjries.
What is the roadmap? A Super Agent in control of wallets with plans in place for revenue generation.
Automated Agent Wallets: One wallet controlling multiple wallets across chains for tasks like staking and yield farming.
Strategy Agents: Tailored agents for specific DeFi strategies.
Custom Agent Creation: Users can design agents using a "skill tree" for various DeFi applications.
Orbit Anywhere: Extending Orbit's functionality to different platforms like mobile apps, Telegram, or Discord.
Revenue Integration: Plans to generate revenue through Orbit agents, directly benefiting the $GRIFT token's value.
How is $GRIFT different from $GRIFFAIN? Multi Chain with Multi Agent system as opposed to focused ecosystem with general agent model.
$GRIFFAIN aims to become a finance/social powerhouse in DeFi space within the Solana ecosystem.
Though in terms of similarity, both projects use AI to improve DeFi interactions with a focus on usability to enhance access to DeFi in general.
They differ when it comes to scope of operations, Agent complexity, Market perception and Technological approach.
It’s noted that $GRIFT supports 116 blockchains with an infrastructure for cross chain operations which outpaces $Griffain's focus on Solana.
$GRIFT uses 178 specialized AI agents for DeFi tasks in contrast with $Griffain's more general purpose model.
$GRIFT is perceived as undervalued with potential for significant growth due to its technology and multi-chain support, whereas $GRIFFAIN has a higher market cap but is confined to one ecosystem.
$GRIFT's use of multiple LLM models and its decentralized framework give it a technological edge in terms of adaptability and security across different blockchains.
$GRIFFAIN’s value to DeFi. Solana integration with social elements, cost effective.
$GRIFFAIN as @griffaindotcom that is developed by @tonyplasencia3 benefits from significant backing within the Solana ecosystem, which provides it with a robust foundation for development and integration.
This connection to Solana, further enhanced by support from figures like the creator of Jupiter, positions $GRIFFAIN as potentially evolving into a comprehensive finance and social platform within this specific blockchain environment.
This focused ecosystem support could lead to more seamless integration and adoption among Solana users, offering an advantage in terms of community engagement and specialized features tailored to Solana's user base and technological capabilities.
On the technical aspect, Solana blockchain is known for its high throughput and low transaction costs which enables $GRIFFAIN to offer AI agent services with potentially lower latency and cost compared to multi-chain solutions like $GRIFT.
This is particularly beneficial for applications requiring rapid transaction processing and where gas fees are a significant concern. $GRIFFAIN’s agents, while not much in number or specializations, are designed to operate efficiently within Solana's environment, capitalizing on its proof-of-history (PoH) consensus mechanism to provide fast, secure, and scalable AI-driven DeFi operations.
This technical synergy with Solana's infrastructure could provide $GRIFFAIN with a performance edge in executing transactions and smart contract operations, tailored specifically to the needs and capabilities of the Solana network.
Net/Net: Growth in coexistence
$GRIFT is a key multi-chain (interoperable) AI infrastructure play that has gained early traction (170+ specialized agents) and product-market-fit (PMF).
While we similarly view $GRIFFAIN as a respectable incumbent, backed by the Solana Foundation, and purely focused on Solana, we do believe that both could succeed as the pie expands in the AI-driven DeFi sub-sector.
That said, the valuation disparity between $GRIFT (~$70M) and $GRIFFAIN (~$360m) could close over-time given $GRIFT’s pace of execution, agent market share, and interoperability play.
References:
CA: GekTNfm84QfyP2GdAHZ5AgACBRd69aNmgA5FDhZupump
Orbit AI Agent: https://x.com/orbitcryptoai
Orbit: https://orbitcryptoai.com
Discord: https://discord.com/channels/1218276244332740608/1221200997733503106…
Sphereone: https://sphereone.xyz
