$SFI Goes Live as Singularity Finance Begins DeFAI in Earnest

If you thought the piecemeal attempts we’ve witnessed to date at blending DeFi and AI were the pinnacle of onchain convergence, you ain’t seen nothing yet. That’s the message emanating from Singularity Finance after successfully launching its $SFI token to kickstart a new era – or possibly the very first true era – for DeFAI.

While not everyone agrees on the portmanteau used to describe the melding of decentralized finance and artificial intelligence (though DeFAI is the leader for now)  there’s less dispute over the role that $SFI will play in it. If you’re long DeFAI, you’re long $SFI, so the theory goes. And there’s some strong evidence to back this claim up.

For the uninitiated or those who’ve simply been overworked trying to keep tabs on every other onchain vertical that refuses to sleep, here’s what you should know about $SFI and DeFAI in as few words as possible.

$SFI Goes Live, DeFAI Levels Up

$SFI, the native token of the Singularity Finance ecosystem, is now officially live on multiple exchanges including MEXC as well as various DEXs. It’s the gas token, staking token, and all-round utility token of Singularity Finance’s EVM L2 which has been set up as a universal framework for hosting AI and RWAs in all its forms.

Yep, there’s also RWAs in the mix, but not just any old real-world assets – the focus is on those pertaining to the AI economy. Things like compute, data, and other digital raw materials that are essential in keeping the AI juggernaut trucking. Singularity Finance believes it can place all of this innovation onchain – on its own chain to be precise – and in the process allow web3 users to capture the upside to the growth in artificial intelligence that’s poised to make the internet’s dotcom boom look like a whimper.

One Token, One Chain

There are many chains out there purportedly dedicated to AI, ranging from decentralized operating systems to hosting agentic launchpads and provisioning marketplaces for LLM training data. While all of these chains and protocols are advancing the industry, they’re unwittingly fragmenting it in the process, sending projects spinning off in opposite directions.

Singularity Finance isn’t trying to solve this challenge. It has no desire to host everything that’s happening in AI on its own chain. That would be an extremely ambitious and indeed unworkable objective. What it is trying to do is make it easy for users to capture the upside to growth in AI – across all the chains – in the same way that you can currently speculate on the growth of the memecoin economy by buying SOL. (Yes, there are a lot of other ways to capture the upside to memecoins, but let’s not overwork the analogy.)

Singularity Finance reckons that the network that can gain a rep as the home of DeFAI – the place where AI-analogous tokens and RWAs are traded – can grow its TVL into the billions and do the same for $SFI. Will it work? It’s way too early to tell – the token’s literally just launched – but there’s a lot of positive momentum already gathering.

The Singularity Finance testnet has proven a resounding success, both in terms of end users and projects building on its tech stack. And with the launch of $SFI now completed, it’s got a trifecta of token-holder communities onboard, thanks to the merger of SingularityDAO and Cogito and corresponding token mergers that led to this moment. Singularity Finance has just tokenized itself. Now, it’s intent on tokenizing the AI economy. If it succeeds in this endeavor, one ticker in particular will be everywhere this year. Its name is $SFI.