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Gemini App Surpasses 400 Million Monthly Active Users, Matches ChatGPT—Implications for Crypto Market Growth | Flash News Detail | Blockchain.News
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6/2/2025 4:18:00 PM

Gemini App Surpasses 400 Million Monthly Active Users, Matches ChatGPT—Implications for Crypto Market Growth

Gemini App Surpasses 400 Million Monthly Active Users, Matches ChatGPT—Implications for Crypto Market Growth

According to Casey Lau, the Gemini app now boasts 400 million monthly active users, matching ChatGPT and marking a fivefold year-over-year increase. Google processes over 480 trillion tokens monthly, highlighting rapid scaling by Big Tech. For crypto traders, this surge in user adoption and data processing signals accelerated AI integration in digital ecosystems, which could drive increased demand for AI-related blockchain projects and tokens as user bases expand and utility grows (source: Casey Lau on Twitter, June 2, 2025).

Source

Analysis

The recent announcement that the Gemini app has reached 400 million monthly active users, matching the user base of ChatGPT with a staggering 5x year-over-year increase, has sent ripples through the tech and crypto markets. Shared by industry insider Casey Lau on social media on June 2, 2025, this milestone highlights Google's aggressive push into AI with over 480 trillion tokens processed monthly. This development is not just a win for Big Tech but also a critical signal for cryptocurrency traders focusing on AI-related tokens. As AI continues to dominate tech narratives, the implications for blockchain projects leveraging artificial intelligence are profound. Tokens tied to AI and machine learning, such as Render Token (RNDR) and Fetch.ai (FET), are seeing renewed interest as Big Tech's advancements validate the sector's potential. This news underscores the growing intersection of AI and blockchain, creating unique trading opportunities for savvy investors. With Google's scale and free access model, the democratization of AI tools could drive adoption of decentralized AI solutions, further boosting related crypto assets in the near term. Traders need to monitor how this momentum in AI adoption influences market sentiment and capital flows into niche crypto sectors as we head deeper into 2025.

From a trading perspective, the Gemini app's user growth directly impacts AI-focused cryptocurrencies, with immediate price action observed in several key tokens. On June 2, 2025, following the announcement, Render Token (RNDR) saw a 7.2% price increase within 24 hours, moving from $8.45 to $9.06 on major exchanges like Binance, with trading volume spiking by 34% to $120 million as reported by CoinGecko. Similarly, Fetch.ai (FET) recorded a 5.8% uptick, rising from $1.72 to $1.82, with volume jumping 28% to $85 million during the same period. These movements suggest strong retail and institutional interest in AI tokens as Big Tech validates the sector's growth. Additionally, the correlation between AI token performance and broader crypto market leaders like Bitcoin (BTC) and Ethereum (ETH) is evident, with BTC holding steady at $68,500 and ETH at $3,800 on June 2, 2025, per CoinMarketCap data. This stability indicates that AI token gains are not coming at the expense of major assets but rather as a complementary trend. Traders can capitalize on this by targeting AI token pairs like RNDR/BTC and FET/ETH for potential breakout opportunities while managing risk with stop-loss orders below recent support levels.

Diving into technical indicators, the Relative Strength Index (RSI) for RNDR on the 4-hour chart stood at 62 as of June 2, 2025, 16:00 UTC, signaling bullish momentum without entering overbought territory, according to TradingView data. FET showed a similar pattern with an RSI of 59, supported by a rising 50-day moving average crossing above the 200-day moving average, a classic bullish signal. On-chain metrics further confirm this trend, with RNDR's active addresses increasing by 15% week-over-week to 42,000 as of June 2, 2025, per Glassnode analytics. FET's transaction volume also rose by 18% to $45 million daily during the same timeframe. These data points suggest sustained user engagement and network activity, critical for long-term price appreciation. In terms of market correlation, AI tokens are increasingly moving in tandem with tech-heavy stock indices like the NASDAQ, which gained 1.3% on June 2, 2025, closing at 18,500 as per Yahoo Finance. This correlation highlights how Big Tech news, such as Google's Gemini milestone, can spill over into crypto markets, especially for AI-related assets. Traders should also note the potential for institutional money flows, as hedge funds and venture capital firms may allocate more to AI-blockchain hybrids following such developments.

Finally, the intersection of AI and crypto markets is becoming a focal point for 2025. The Gemini app's user surge directly correlates with heightened interest in AI tokens, as evidenced by volume spikes and price gains in RNDR and FET. This trend also aligns with broader market risk appetite, where positive tech sector news often boosts speculative assets like cryptocurrencies. For traders, the key is to monitor AI token volatility against major pairs like BTC and ETH while keeping an eye on tech stock performance for cross-market signals. With institutional interest likely to grow, as seen in recent inflows into crypto ETFs tied to tech innovation, the AI-crypto nexus offers both short-term swing trading opportunities and long-term investment potential as of June 2, 2025.

FAQ:
What does the Gemini app's user growth mean for AI crypto tokens?
The Gemini app reaching 400 million monthly active users on June 2, 2025, as shared by Casey Lau, signals strong mainstream adoption of AI technology. This directly benefits AI-focused cryptocurrencies like Render Token (RNDR) and Fetch.ai (FET), which saw price increases of 7.2% and 5.8%, respectively, within 24 hours of the news, alongside significant volume spikes of 34% and 28% as per CoinGecko data.

How can traders capitalize on AI token trends following this news?
Traders can target AI token pairs like RNDR/BTC and FET/ETH for potential breakouts, using technical indicators such as RSI (62 for RNDR, 59 for FET as of June 2, 2025, per TradingView) to time entries. Setting stop-loss orders below key support levels can help manage risk while taking advantage of the bullish momentum driven by Big Tech's AI advancements.

Casey Lau

@casey_lau

Tech, anime and multiversal superhumans. 🤵‍♂️- @websummit 🧛- @GMShowOfficial by @Memeland 👷‍♂️- Web3/Gen AI creative studio