Research Report | In-Depth Overview of the bAI FUND Project & BAI Token Valuation

I. Project Overview

bAI Fund is the first on-chain AI Agent fund platform operating within a Trusted Execution Environment (TEE). It aims to build a universal network for AI Agent issuance and collaboration, advancing on-chain finance toward a new era of "AI autonomy." The platform enables users to issue various AI Agent Tokens by locking the native token $BAI, supporting use cases such as quantitative trading, data analysis, and asset management. All Agents operate within TEE, ensuring strategy transparency and fund security.

The native token $BAI originated from a Meme concept within the Morph community and has since evolved into the foundational asset for Morph’s AI infrastructure and launchpad. It is the first token in the Morph ecosystem to be listed on an exchange (Bitget) and has received joint funding from Morph and Foresight Ventures.

bAI Fund offers comprehensive lifecycle management for AI Agents, covering creation, deployment, execution, and governance. It is set to become a core infrastructure component integrated into Morph’s PayFi module, enabling on-chain payments, strategy distribution, and capital coordination. The project is committed to building a settlement network for the emerging "AI agent economy."

II. Project Highlights

First On-Chain AI Fund Built on TEE Architecture: Enhancing Intelligence and Security in Finance

bAI Fund pioneers the deep integration of AI Agents with TEE, ensuring that each strategy runs in a hardware-isolated environment. Compared to traditional on-chain smart contracts, TEE significantly enhances the security of strategy execution and confidentiality of fund management, providing an unprecedented security foundation for AI-driven financial applications.

Modular AI Agent Issuance Platform: Token Creation in 5 Minutes with Bonding Curve Pricing

The platform allows any user to issue AI Agent Tokens with a single click by locking $BAI. Users can freely define the token’s purpose and operational logic, with market-based pricing facilitated via a bonding curve. This “AI Launchpad” model dramatically lowers the barriers to development and deployment, sparking a wave of on-chain AI entrepreneurship.

Evolution from Meme to Infrastructure: Dual Engines of Virality and Structural Narrative

$BAI began as a community-driven Meme token, launching via airdrop and doubling in value upon its debut on Bitget. It was later formally integrated into Morph’s strategic asset framework. The project has successfully transitioned from a “joke token” to the “base currency of AI infrastructure,” combining early-stage virality with a growing structural value moat.

A New Paradigm for the AI Agent Economy: $BAI as a Unified Asset for Gas, Governance, and Market Participation

$BAI is no longer just a platform token—it is the core circulating asset of the entire Agent network. Users utilize $BAI to activate Agents, pay for API calls, participate in governance, and engage in Agent market trading as a value-anchored asset. The project is redefining the monetary infrastructure of the AI agent economy, positioning $BAI as the “settlement currency” for on-chain Agents.

III. Market Valuation Outlook

With a robust technical foundation and expanding ecosystem, bAI Fund is emerging as a dark horse in the AI agent economy. Unlike Virtual, which focuses on entertainment narratives within a single-chain ecosystem, $BAI serves as a “base currency” driving multi-chain Agent issuance and collaboration. It leverages TEE to build a secure and transparent execution environment and will soon launch no-code tools to lower participation barriers and unleash user creativity. As the token remains significantly undervalued, bAI Fund is quietly charting a path of value revaluation—from Meme to AI infrastructure.

IV. Tokenomics

As of now, the total supply of $BAI is 1 billion tokens. Its current circulating market cap is approximately $4.976 million, with total liquidity of $533,100.

In the past 24 hours, $BAI has seen an 11.25% price increase, with a total trading volume of $48.66 million—comprised of $25.4371 million in buy orders and $23.2232 million in sell orders—indicating a balanced market.

On the user activity front, 3,997 unique addresses participated in trading over the past 24 hours, including 2,046 buyers and 1,951 sellers, reflecting high community engagement.

There were 4,136 total orders placed, with 2,109 buy orders and 2,027 sell orders, showing a healthy and balanced market. While some intraday metrics—such as buy volume and address count—have slightly declined compared to the previous day, overall capital flow remains strong, supported by solid liquidity and community activity.

V. Team Funding

Team Background:

The bAI Fund technical team has extensive experience in developing on-chain Agent architectures. Core developers have previously worked on BulbaAgent and the implementation of TEE architecture in on-chain financial scenarios. The project’s technical roadmap integrates the Move virtual machine, modular AI frameworks, and on-chain trading protocols, aiming to promote the adoption and standardization of decentralized Agent collaboration networks.

Funding:

The project has secured $1 million in joint investment from Morph and Foresight Ventures, marking it as the first strategic investment in the AI + Crypto space within the Morph ecosystem. bAI Fund is already live on the Morph mainnet and plans to expand to other chains such as Base, Blast, and Scroll, demonstrating strong potential for ecosystem growth.

VI. Risk Warnings

AI Agent Applications Are Still in Early Stages, with High User Learning Curve

Although bAI Fund offers an SDK and will soon launch no-code creation tools, there remains a technical barrier between user understanding and actual deployment of on-chain Agents. The token issuance and pricing mechanisms may limit short-term mass adoption.

Token Originated as a Meme, Leading to Potential Market Sentiment Volatility

While $BAI has transitioned into a platform base token with infrastructure utility, some market participants may still perceive it as a Meme token. This perception gap could lead to short-term trading volatility. Continued rollout of platform features and multi-chain expansion will be key to solidifying its valuation anchor.

VII. Official Links

Website: https://baifund.io/

Twitter: https://x.com/BAIFUND_AGENT

Telegram: https://t.me/morphl2_asia