Chainalysis Report Reveals On-Chain Market Dynamics Behind China’s AI Large Model “Distillation Wave”

The Chainalysis report notes that the on-chain market behind China’s AI large model “distillation wave” is circumventing U.S. export controls. Around 40% of agents use stablecoins for settlement, concealing fund flows through third-party payment channels. Technical analysts should pay attention to this trend’s impact on market structure.