AI Agent · U.S. Treasury · New York · Ethereum · The Block
‘There’s not enough blockspace’: Avalanche Treasury CEO says AI agents could crunch L1 blockchain capacity
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Avalanche Treasury Company CEO Bart Smith expects the rise of AI agents in financial markets to put the idea that blockspace is effectively unlimited to the test.
Key facts
- The former Susquehanna Crypto CEO, who spent nearly 14 years at the trading firm before taking the helm of Avalanche Treasury Co
- Smith also said he would be surprised if traditional markets aren't operating 24 hours a day, five days a week by the middle of 2027 and argued that the existing financial infrastructure won't
- Avalanche Treasury Company CEO Bart Smith expects the rise of AI agents in financial markets to put the idea that blockspace is effectively unlimited to the test
- Smith also argued that this projected demand for blockspace could also make the technological differences between Layer 1 networks like Avalanche (AVAX), Solana and Ethereum more consequential
Summary
"If we hit any of the low-end expectations of what agentic activity is going to happen as AI gets into financial markets, all of that's going to be on blockchains too," Smith told The Block's Gareth Jenkinson during a Wednesday interview at the Avalanche Summit in New York. Smith also argued that this projected demand for blockspace could also make the technological differences between Layer 1 networks like Avalanche (AVAX), Solana and Ethereum more consequential. "There are all of these nuanced differences, in a theoretical world, between Solana, Avalanche, Ethereum, other L1s,” Smith said, adding that users currently don't need to pay much attention to those distinctions because capacity is plentiful. The former Susquehanna Crypto CEO, who spent nearly 14 years at the trading firm before taking the helm of Avalanche Treasury Co.