Top AI coins on Solana include Render, Nosana, Synesis One, and the upcoming io.net.
Written by: Anatol Antonovici | Updated April 15, 2024
Reviewed by: Mike Martin
Fact checked by: Ryan Grace
🍒 tasty takeaways
Solana activity has been driven by DeFi and meme coins like dogwifhat, but it hasn’t been able to consolidate its presence in the crypto AI sector.
2024 may bring great opportunities for the Solana AI sector, with emerging AI tokens, such as IO, expected to thrive.
Some of Solana’s best-existing AI coins include Nosana and Synesis One.
Table of Contents
Solana AI Coins Summary
| Coin Name | Description | Blockchain |
|---|---|---|
| Render (RNDR) | Decentralized P2P GPU network for rendering and AI services. | Ethereum, Solana |
| Nosana (NOS) | Decentralized network renting GPU power, paid in NOS tokens. | Solana |
| Synesis One (SNS) | Train-to-earn AI platform, rewarding users for AI training tasks. | Solana |
| Io.net (IO) | Upcoming Solana token for AI and decentralized physical infrastructure. | Solana |
| TheGraph (GRT) | Data indexing and querying platform, known as the 'Google of Web3'. | Ethereum, Solana |
| Dither (DITH) | AI trading bot experiment in Solana's ecosystem, powered by DITH tokens. | Solana |
Solana AI Ecosystem
Artificial intelligence (AI) coins have been one of the most popular cryptocurrency trends since the end of 2023. However, Solana (SOL) hasn’t been able to win a significant market share despite being the fastest blockchain and having the highest throughput.
Nosana is the only serious Solana-based AI project. To increase its presence in AI, Solana Foundation put aside $10 million to grant AI projects willing to leverage its layer 1.
Source: Solana
Here are 7 AI coins that intersect with Solana in one way or another:
Render (RNDR)
- Name: Render
- Token: RNDR, RENDER
- Blockchain: Ethereum, Solana
- Type: GPU network
Render is a decentralized peer-to-peer (P2P) network of graphics processing units (GPUs). It enables users to rent out their extra GPU cycles for various tasks, such as rendering or AI. The platform is an open marketplace connecting GPU providers with creators and AI services.
In 2023, Render implemented the proposal “RNP-004 – Open Compute Clients,” which authorized the use of its GPUs for AI and machine learning (ML) tasks.
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Render’s Upgrade to Solana
The Render Network launched in 2017 on Ethereum, but in 2023, the community voted to pass two proposals –RNP-002 and RNP-006 – that call for a gradual upgrade to Solana, citing the latter’s better performance.
RNDR is an ERC-20 standard token that can be converted to Solana-based RENDER.
RNDR is the second-largest AI coin by market cap after Bittensor (TAO).
Nosana (NOS)
- Name: Nosana
- Token: NOS
- Blockchain: Solana
- Type: GPU network
Source: Nosana
Nosana is perhaps the best ‘Solana only’ AI project right now, having a market capitalization of over $270 million. It is the first computation platform powered by the Solana Network.
The project is still in development and will fully launch later this year.
Synesis One (SNS)
- Name: Synesis One
- Token: SNS
- Blockchain: Solana
- Type: AI train-to-earn
SynesisOne promotes itself as the first train2earn AI platform. Anyone can participate in various micro tasks to train the AI and earn SNS.
The ecosystem comprises three types of players: architects (they create campaigns based on client needs), builders (users who perform AI training tasks to earn SNS), and validators (who validate the data added by builders).
The platform is fueled by SNS and the Kanon NFT, which gives access to passive income opportunities.
So far, about 40 million SNS tokens have been rewarded across 2,600 campaigns.
Source: Synesis
SynesisOne is backed by VC firms and entities like Kenesis, Tradecraft, Ocean Protocol, Magnus Capital, and Solana.
Flux (FLUX)
- Name: Flux
- Token: FLUX
- Blockchain: Ethereum, Solana, Avalanche, BNB Chain, Tron
- Type: Cloud network
Flux is a decentralized cloud infrastructure for Web3 applications. It aims to bring scalability, flexibility, and censorship resistance to decentralized applications (dapps).
Its cloud network aims to offer a cost-effective, decentralized, and transparent alternative to traditional cloud services like Google Cloud, AWS, and Microsoft Azure.
The network can easily power AI services with over 6,700 GPUs connected to FluxCore.
Source: Flux
Flux introduced the concept of Proof of Useful Work (PoUW) for AI, a consensus protocol that repurposes GPU resources from crypto mining to power AI applications.
FLUX is a multi-chain ecosystem; about 60 million FLUX tokens reside on Solana.
Io.net (IO)
- Name: io.net
- Token: IO
- Blockchain: Solana
- Type: GPU network
Io.net is a highly anticipated upcoming Solana token in the AI and decentralized physical infrastructure (DePIN) category.
Like Render and Nosana, it aims to aggregate GPU computing power for AI and ML applications.
In March 2024, IO Research raised $30 million in a Series A round that valued the project at $1 billion. Hack VC led the funding round, which included contributions from Solana Ventures, OKX Ventures, Multicoin Capital, The Sandbox, and Delphi Digital.
Ed Roman, managing partner at Hack VC, explained:
“Io.net saves customers up to 90% on their cloud AI costs. In an age where GPU chips are in high demand with global shortages, that is simply an incredible accomplishment.”
Source: IO devs
The IO token (currently in presale) is expected to launch on April 28, 2024.
The Graph (GRT)
- Name: The Graph
- Token: GRT
- Blockchain: Ethereum, Solana
- Type: Data indexing and querying
The Graph is a decentralized platform for blockchain data indexing and querying. It’s often called the ‘Google of Web3.’ During the AI hype in the second half of 2023, The Graph launched an AI-based querying feature.
The Graph simplifies data access by arranging it into subgraphs. Users are free to develop subgraphs based on various criteria and themes. Decentralized applications (dapps) and other services can leverage the indexed on-chain data from subgraphs.
The Graph can index over 40 blockchains, including Solana.
GRT is an ERC-20 token, but it is also hosted on Solana, although it is dormant as of today.
Dither (DITH)
- Name: Dither
- Token: DITH
- Blockchain: Solana
- Type: AI trading bot
DITH is a small-cap token that fuels the Dither ecosystem. Dither is an AI experiment that uses the Solana ecosystem to train AI time-series models for trading. Time-series models predict future events based on verified historical data.
Dither’s flagship product, SeerBot, serves as an alert bot on Telegram, providing trading alerts to users holding at least 2500 DITH. Dither plans to upgrade SeerBot to an all-in-one trading bot.
DITH is a very small ecosystem as of this writing, with a fully diluted market cap of only $15 million, but it can gain traction in 2024 if it succeeds with its AI trading bot.
DITH is only available for trading on Solana-based decentralized exchanges (DEXs) like Raydium and Jupiter.
Source: TradingView
FAQs
Does Solana have a presence in the crypto AI sector?
Solana is in crypto AI, but it pales in comparison to Ethereum. The Solana Foundation plans to invest $10 million in grants to support AI projects.
What is the best Solana AI coin?
So far, Nosana (NOS) is the best Solana-based AI token. Io.net, which launches on April 28, 2024, is also expected to become a serious AI player.
Does Solana blockchain meet AI needs?
Yes, Solana is the fastest blockchain, and the upcoming Firedancer upgrade is expected to increase data throughput from 125 MB/s to over 1,200 MB/s.
Where can I buy Solana AI coins?
Some Solana AI coins can be purchased on centralized exchanges like Binance, while others, such as Dith, can be purchased on Solana DEX platforms like Raydium.
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Anatol Antonovici
6+ years of experience writing for crypto brands and blockchain firms, including Coindesk, Cointelegraph, Bitcoinist, CryptoPotato, Algorand, and OTCTrade.com