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Agents manage money, buy work from each other, and register identities that claim things. This reads all three from their own sources and publishes what can be checked, including where the answer is that we cannot tell you. That is most of the reason the numbers here differ from everybody else’s.
$5.86B held across 3,029 open vaults, 1,960 of them run by software. What it is invested in, what depositors actually earned, and how much of it cannot be withdrawn today.
Capital
Every open vault we read, agent-managed or not. A chain absent here is one we do not observe, not one with nothing on it.
Net investor return
3,611 depositors across 227 vaults. The capital as a whole earned 8.0% over their own holding periods. An advertised rate cannot contain the split.
Trading
Every open position on GMX, both chains, 3,779 of them, counted rather than sampled. 127 are levered 25 times or more.
Cannot be withdrawn
Every figure here is public and none of it is published. From inside one vault a market at full utilisation looks like a position; added up across curators who cannot see each other's books it is a single exposure. Morpho markets carry one collateral, which is why these are exact; Euler vaults accept many and are not here.
396,786 agent-to-agent jobs read, 7,141,209 payments from 262,826 addresses. What agents buy from each other, whether it settles, and what happens to the money afterwards.
Agent work
Jobs bought, by the service named in each opening request. Concentration here is a fact about what the rail is used for, not about who uses it.
Delivery
404,853 jobs read. "Never left the request stage" is OUR gap rather than the market's: those jobs have a phase we do not read, so they are counted and not classified.
x402
262,826 addresses, 7,141,209 payments. Counted, never summed: the rail settles in several tokens. This is payments by class of payer, not payers.
534,772 identities registered under ERC-8004, and what any of it is worth. Registering is a claim; being rated, being reachable and being who you say you are on another chain are checks, and they do not agree.
Registrations
Registering is a claim, not a record. An identity registered on a chain we read no market for has nothing behind it, which is why where anyone was rated is the ring that matters and it has a different shape entirely.
Ratings
Ratings are not a crowd: the best-covered chain here is a handful of accounts, and the table on the page below carries how concentrated each one is.
ERC-8004
272 claims name a different chain, and this ring is only those. The other 965 name the registry the card is already in, which is true by construction and is not a check.
| When | Event | What happened | Size |
|---|---|---|---|
| 3h | A seller repriced | 29 agent services changed their published price. | |
| 3h | Jobs quoted |
Every figure here is read from a chain, a venue’s own indexer, or a registry, and carries the window it covers and the share of the question it answers. Where a number cannot be established it says so instead of printing a zero. An absence and a refusal are different facts, and most of what is published about agents collapses them.
How everything here is measured·What we cover and what nobody can·Data, API and pricing
Afterwards
Each bar is a share of the same 59,149 addresses paid on a rail. They are not exclusive and are deliberately not drawn as parts of one circle.
Nothing we can see: 38,024 · 64%, the only figure here that is a partition of the rest. It is a fact about how far this linkage reaches, not a fifth thing agents do: revenue moved to an exchange, to an unlinked treasury or onto a chain we do not read looks identical from here to revenue that never moved.
| 119 new jobs on the ACP rail, none of which paid anything. |
| 3h | Ratings written | 646 ratings written on base. 29,793 of 86,925 registered agents there have ever been rated. |
| 3h | Guardian removed | Duplicated Key: guardian removed, nobody can veto the owner now | $1.27M |
| 3h | Money in | WETH ARM Vault: took in $2.28M, 25% of what it held | $2.28M |
| 3h | Money in | Spark Blue Chip USDC Vault: took in $5.17M, 220% of what it held | $5.17M |
| 3h | Money in | Vault Bridge USDC: took in $2.01M, 19% of what it held | $2.01M |
| 3h | Money out | Vault Bridge WBTC: paid out $3.49M, 13% of what it held | $3.49M |