In crypto, most AI agents today are little more than GPT-wrapped gimmicks—single-step automations parading as intelligence. The market caught on. Agent tokens are down 80% to 90% from peak, and for good reason: utility never showed up.
But utility is exactly where the next cycle of onchain AI is headed. Covalent’s approach isn’t about another chatbot. It’s about turning structured, verifiable blockchain data into a foundation for agentic systems that can reason, collaborate, and operate autonomously in real time.
Covalent is positioning GoldRush and MCP as the data layer for Zero Employee Enterprises (ZEEs), multi-agent swarms that can execute complex workflows with minimal human input.
Forget the reply-bros. This is about agents with memory, reasoning, and execution ability, tied directly to cross-chain trading, DeFi optimization, and programmable coordination. The primitives are falling into place. Let’s unpack how Covalent is quietly building the rails for real agent economies
