Data: In May, the share of artificial intelligence token trading in South Korea rose to 18.7%
ChainCatcher news, as the hype around artificial intelligence permeates the cryptocurrency space, risk-loving South Korean traders are making a significant push into digital assets related to AI themes. Kaiko data shows that the share of South Korean AI tokens in global weekly trading volume has risen from a low of 0.6% in mid-2023 to 18.7% in May. Such tokens are typically issued by early projects seeking to deploy blockchain technology into AI services—this combination's practicality has yet to be proven. Research indicates that many South Koreans are fascinated by both AI and cryptocurrency. About 10% of the population has been exposed to tokens, with less volatile tokens (rather than market leaders Bitcoin and Ethereum) making up the bulk of local trading.Kaiko states that since February, the average weekly trading volume of AI tokens has been $8 billion, up from a historical low of $300 million in mid-2023. Meanwhile, data from South Korean securities custodians shows that among the overseas stocks most favored by domestic investors this year, Nvidia and Microsoft rank second and third, respectively.