Q3 2024

As we move into Q4 2024, here is a summary of what happened in the Olas ecosystem in the last quarter and what's coming next.

In Q3, thousands learned that Olas is the OG project bringing AI Agents to crypto since 2021. Olas continues to evolve and grow, with impressive achievements across the ecosystem for co-owned AI.

What happened in Q3?

Here’s a summary of what has been accomplished:

Daily Active Agents & Agent Transactions Grew

1. New Metric Introduced Olas introduced the Daily Active Agents (DAA) metric, showcasing the number of agents making at least one transaction per day across 8 chains.

2. Milestone Reached: Olas achieved a 7-day average of 160 Daily Active Agents (DAAs), with a total of 1.3 million agent transactions during the quarter, making up 28.3% of Safe transactions ever made on Gnosis Chain.

3. Agent Economies: The biggest driver of transactions so far has been Olas Predict, a prediction economy made up of different AI agents owned by different users, all collaborating to predict the future with up to 81% accuracy. However, Q3 saw the introduction of the new Optimus Agent, offering an improved UX in DeFi and significantly contributing to the increase in DAAs.

Olas Staking Launched Successfully

1. Olas Staking Launch Q3 saw the successful launch of Olas Staking, where operators staked over 71,000 OLAS via both Pearl and Quickstart. Olas Staking is the engine of the agent economy, leveraging Valory’s novel Proof of Active Agent (PoAA) mechanism to bootstrap economies of agents.

2. Beta Contracts on Pearl Pearl continued to gain traction with its release on Windows. Pearl is a simple desktop app enabling people to have fun running an agent and earning Olas Staking rewards on both Mac and Windows.

Agents Unleashed Reached Thousands

1. Agents Unleashed Singapore The Singapore event set a new benchmark, with over 3,200 guests registered and 400+ attending.

2. Brussels Event Brussels saw 1,200 registered guests and 300+ attending—cementing Agents Unleashed as the premier event series for AI agents in the blockchain space.

Expanding the Olas Ecosystem

1. New Integrations: In Q3, Olas saw new partnerships with Marlin Protocol, Aizel Network, Nevermined, Celo, and Bagel Network, driving deeper integration into the AI and blockchain space.

2. Olas Builders Grew Valory's Olas Dev Academy produced 6 new full-time paid Builders and matched them with Launchers. Further demand is being met by the next academies, as the ecosystem continues to expand.

3. Mainstream outlets began covering Olas In Q3 2024, Olas was featured in Forbes, FastCompany, etc, totalling 32 publications. More people than ever know that Olas is the OG project bringing AI agents to crypto, seeing constant shipping since 2021.

TLDR

In Q3, thousands learned that Olas is the OG project bringing AI Agents to crypto since 2021. Whether via mainstream outlets like Forbes & Fast Company or Olas’ Agents Unleashed events series and its expert-filled line-ups, the message is clear. AI agents are not just coming, they are already here.

Olas’ agents are active night and day, making up significant lifetime activity for chains and projects across 8 chains and varied use cases, from predicting the future to the new DeFi agent. As you read above, Olas use grew significantly, among those building agents, those operating and staking them, and those wanting Olas agents to launch on their chains/projects.

What’s coming in Q4?

There are big plans from varied parties behind the scenes and being announced daily. Broadly, Q4 is expected to see a focus on increasing adoption for operators, builders and launchers. In particular, Pearl will likely exit Beta and allow users to stake more OLAS. The Olas Dev Academy will continue to meet ‘launcher’ projects’ demand for builders on Olas, plus release Genie to Beta users. The Olas Predict and Optimus agent economies will expand... And of course, word about Olas will spread even further, in mainstream and crypto outlets, plus at the next event: Agents Unleashed Bangkok. Stay tuned for an unprecedented Q4. In the last two weeks alone, OLAS staked has jumped 7x, from 71k OLAS to 500k OLAS. This is exciting... But, don't expect it to be the last record broken this quarter. 🦾