SkyAI (SKYAI) Depth Analysis: Can the team's zero token AI protocol break through in the Web3 track?

SkyAI is a project that builds blockchain-native AI infrastructure, providing a scalable data protocol for Web3 AI applications through its MCP protocol. The project adopts an innovative economic model with zero token holdings by the team, with a current market capitalization of approximately 28.19 million USD, and a price that has fallen 71% from its historical high. Although the project is positioned in the AI encryption infrastructure sector, which has long-term potential, it faces challenges such as technical execution risks, intense market competition, and community trust issues, making it a high-risk, high-potential return investment target.

1. Project Overview and Core Highlights

SkyAI ($SKYAI) is a project aimed at building a blockchain-native AI infrastructure, centered around expanding the MCP (Model Context Protocol) to provide a scalable and interoperable data protocol for Web3 AI applications. Since its launch in 2025, the project has attracted market attention with its positioning as a "full-stack AI ecosystem" and currently has a market capitalization of approximately $28.19 million, with token prices fluctuating around $0.028.

The core narrative of the project lies in addressing the key pain points in the integration of AI and Blockchain, providing standardized AI services and data access for end users, developers, and data providers through its innovative protocol layer. In terms of market performance, SKYAI reached an all-time high of $0.098 on May 14, 2025, but subsequently experienced a significant pullback, with the price down approximately 71% from its historical peak as of early October, reflecting the typical high volatility characteristics of such emerging AI encryption projects.

2. Fundamental Analysis of the Ecosystem

2.1 Technological Innovation and Competitive Positioning

The technical architecture of SkyAI is built around its MCP protocol, which aims to be a decentralized and standardized infrastructure layer. The core technological innovations of the project include:

• Multi-Chain Data Access: Supports cross-Blockchain data retrieval, solving the "data island" problem.
• AI Agent Deployment: Provides a standardized toolkit for integrating AI capabilities into dApps and smart contracts.
• Developer-Friendly API: Eliminates the need to handle raw Blockchain logic (such as ABI or signature mechanisms)

In the competitive landscape, SkyAI competes with AI-driven encryption projects such as Render (RENDER) and Bittensor (TAO). Its differentiated advantage lies in a greater focus on infrastructure construction at the protocol layer rather than single application scenarios. Compared to traditional AI services, SkyAI has achieved a decentralized data market and transparent incentive distribution through Blockchain technology, creating direct monetization channels for data providers.

From the technical roadmap, the project plans to integrate cutting-edge AI protocols such as Google's A2A to maintain a leading position in the AI × Blockchain infrastructure field. However, the disclosure of the project's technical details is still insufficient, which poses challenges for assessing its technical feasibility.

2.2 Token Economic Model Analysis

$SKYAI Token is the settlement currency of the ecosystem, with a total supply of 1 billion pieces. The token economic model design emphasizes utility-driven value rather than mere speculation. The project team claims that the core team does not hold any token allocation, and this design aims to build community trust and directly link value growth with ecological usage.

Tokens have diverse application scenarios within the ecosystem:

• Settlement Medium: Payment data services, computation resource consumption fees
• Governance Function: May participate in the decision-making process of the MCP protocol committee.
• Incentive mechanism: Reward data contributors and ecosystem participants

From the circulation perspective, currently about 1 billion SKYAI are in circulation, accounting for 100% of the total supply. This fully circulating structure reduces the selling pressure that may arise from unlocking in the future, but it also means a lack of mechanisms to control market supply through the release rhythm.

2.3 Market Performance and Community Ecology

The market performance of SkyAI exhibits typical characteristics of emerging encryption assets: high volatility and relatively low trading volume. As of early October 2025, the 24-hour trading volume is approximately $139,500, which indicates average liquidity relative to its market capitalization, potentially amplifying price fluctuations.

The project generated a heated response in the market during its presale phase, raising over 83,343 BNB, far exceeding its hard cap target of 500 BNB. However, there are also controversies within the community regarding the project, especially after an AMA (Ask Me Anything) session, where some users criticized the project team for not providing professional answers and avoiding pointed questions, raising doubts about the project's transparency.

From the perspective of ecological development, SkyAI is actively expanding its MCP host network and protocol committee, enriching the ecosystem by attracting data providers and community participants. If this open development strategy is successfully implemented, it may accelerate the formation of network effects.

3. Technical Analysis and Price Prediction

3.1 Current Price Trends and Technical Indicators

As of early October 2025, the trading price of SKYAI is approximately $0.028, down about 71% from the historical high of $0.098. From a technical perspective, the price is in a consolidation phase after a deep correction, seeking a new supply and demand equilibrium.

From historical performance, SKYAI exhibits typical new Token characteristics: a significant rise shortly after its launch followed by a substantial fall. The opening price during the presale in April 2025 was approximately $0.031, which peaked at $0.098 in May before beginning a continuous correction.

In terms of technical indicators, historical analysis shows that the RSI (Relative Strength Index) of SKYAI reached the overbought zone of 70 in June 2025, followed by a pullback. At the same time, the MACD (Moving Average Convergence Divergence) indicator also showed bearish signals during certain periods, indicating that short-term momentum is weak. The current price is approximately 6.73% higher than the recent low of $0.035, suggesting that it may be attempting to establish a short-term bottom.

3.2 Price Prediction and Target Range

Based on the project's technical prospects, market positioning, and current valuation levels, we provide the following analysis of SKYAI's price outlook:

Short-term outlook (within 2025):

The price trend will largely depend on the overall cryptocurrency market sentiment and the development progress of the project ecosystem. If market sentiment remains stable and the project can demonstrate substantial progress, the price may test the range of $0.037 to $0.039 (optimistic estimate). On the contrary, if the market continues to be weak or the project faces negative news, the price may drop to the range of $0.024 to $0.026 (conservative estimate).

Medium-term outlook (2027-2028):

As the AI + Blockchain sector matures and the project ecosystem expands, if SkyAI can achieve its technical roadmap and establish a stable user base, the price may gradually rebound to the range of 0.034-0.051 dollars. The growth in this phase requires support from actual adoption and protocol income, rather than merely relying on market narratives.

Long-term Outlook (2030):

The long-term value will depend on SkyAI's final positioning and market share in the AI encryption infrastructure sector. If the project can realize its vision and become an important player in the Web3 AI field, the price may challenge the range of 0.050-0.066 USD. Achieving this goal requires the project to prove its sustainability across multiple dimensions, including technical stability, ecosystem scale, and Token utility.

From a valuation perspective, the current market capitalization of 28.19 million dollars is considered to be on the lower end among AI encryption projects. Compared to mature projects like Render and Bittensor, which have market capitalizations in the billions, SkyAI theoretically has significant growth potential if it can establish a solid position in its niche, but this also comes with higher technical and execution risks.

4. Summary of investment opportunities and risks

4.1 Bullish Catalysts

Trends in the Integration of AI and Blockchain: The integration of AI and Blockchain is seen as the next potential frontier for growth, and this track targeted by SkyAI has vast development space.

Innovative Protocol Layer Positioning: As an AI encryption infrastructure rather than a single application, if SkyAI can establish a network effect, it may create a strong moat.

Team Token Zero Holdings: The project team claims that the design of the core team not holding tokens reduces the pressure of large-scale unlocking and enhances community trust.

Multi-chain Data Strategy: Supports multi-chain environments such as BSC and Base chains, providing the possibility to capture cross-chain value flows.

Actual Utility Driven: The design of the Token as a settlement currency within the ecosystem links value with actual usage demand, reducing fluctuations driven purely by speculation.

4.2 Risk Factors

Technical Execution Risk: The technical complexity of the project is high, and the feasibility of the large-scale application of the MCP protocol has not been fully validated.

Community Trust Crisis: There are historical records of poorly performing AMA activities that have raised doubts within the community, and the transparency of project management needs to be improved.

Market competition is fierce: The AI encryption track is highly competitive, with established projects like Render and Bittensor, as well as new competitors constantly emerging.

Regulatory Uncertainty: As a project combining AI and encryption assets, it may face dual regulatory pressures, especially regarding data privacy and cross-border transmission.

Insufficient Liquidity Risk: Relatively low daily trading volume may lead to increased price volatility and significant slippage, affecting the investment experience.

Historical price fluctuations are severe: A decline of over 70% from historical highs indicates that the asset has extremely high volatility, making it unsuitable for investors with lower risk tolerance.

5. Investment Conclusion

SkyAI ($SKYAI) represents the cutting-edge exploration of the fusion of blockchain and artificial intelligence, aiming to build Web3 AI infrastructure through its MCP protocol. The project occupies a promising niche in the rapidly growing AI encryption sector with its protocol layer positioning, innovative Token economic model, and full-stack ecological vision. However, investors should also be clear about the challenges the project faces, such as technical execution, market competition, and transparency.

From an investment perspective, the current price level of SKYAI (around $0.028) may provide an opportunity for investors who believe in the long-term vision of AI + Blockchain and can bear high risks. In the short term, investors should closely monitor the project's ecological development progress, changes in trading volume, and overall cryptocurrency market sentiment. The long-term investment argument depends on whether the project can fulfill its technological commitments, establish sustainable protocol revenue, and continuously expand its market share.

Investment Strategy Recommendations:

• High-risk tolerance investors: Consider adopting a phased accumulation strategy, with the initial position size kept moderate and a clear stop-loss level set.
• Conservative investors: It is recommended to wait for the project to demonstrate clearer technical milestones and evidence of ecological growth before making decisions.
• All investors: Should closely monitor the improvement of project transparency, community governance development, and competitor dynamics.

Despite facing risks such as technical validation, market competition, and regulatory uncertainty, SkyAI's unique approach to addressing the pain points of Web3 AI infrastructure and its full-stack ecological vision make it one of the projects worth paying attention to in the AI encryption field. If executed successfully, SKYAI may achieve value growth within the next 24-36 months, but investors should be prepared to navigate the high volatility journey typical of emerging crypto assets.

Disclaimer: This report is based on the analysis of public information and does not constitute investment advice. The cryptocurrency market is highly volatile; please make decisions cautiously based on your own risk tolerance and consult a professional financial advisor.