@halucigenia
Livepeer's market cap dropped around 25% QoQ to roughly $105M, far below its mid 2025 peak near $450 to 500M. The downtrend started in Q4 2025 and extended into Q1 2026 with no meaningful recovery, reflecting weak market sentiment toward AI and infrastructure altcoins.
What's notable is that this happened while network fundamentals were actually improving. Transcoding fees, AI revenue, and overall network usage all grew during the same period. This divergence is common in crypto infrastructure projects at an early adoption stage, where the market hasn't yet priced in long term revenue potential.
At just $105M market cap, Livepeer looks relatively small given its ambition as a decentralized AI video infrastructure layer. Bears see it as a sign of weak token demand, but investors focused on network fundamentals may view this as a period where valuation has fallen much faster than actual ecosystem activity.
*Data source: Messari. Disclaimer applies.*
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