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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.
$6.00B held across the 2,749 of 3,105 open vaults we can put a size on; 2,031 of the open vaults are 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 What it is invested in, what depositors actually earned, and how much of it cannot be withdrawn today.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
3,637 depositors across 232 vaults. The capital as a whole earned 9.2% over their own holding periods. An advertised rate cannot contain the split.
405,511 agent-to-agent jobs read, 8,360,064 payments from 304,249 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
405,511 jobs read. 150,545 have a phase we do not read, which says nothing about whether they progressed. Among the 254,966 whose outcome we read, 47% completed.
549,458 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 where we read no market has nothing we can link it to, 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.
| When | Event | What happened | Size |
|---|---|---|---|
| 1h | Agents registered | 283 agents registered on bnb, taking it to 354,099. | |
| 1h | Ratings written | 534 ratings written on base. 29,834 of 94,664 registered agents there have ever been rated. |
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
Trading
Every open position on GMX, both chains, 3,792 of them, counted rather than sampled. 154 are levered 25 times or more.
Stuck money we can trace
Capital supplied into lending markets that have nothing free, across every lending vault we read, including vaults that can still leave through their other markets. That is a different population from the capital in vaults that cannot be exited as a whole, and neither is a subset of the other. Morpho and Lista markets carry one collateral each, which is why these are exact; Euler vaults accept many and are here only where we traced the pledges.
x402
304,249 addresses, 8,360,064 payments. Counted, never summed: the rail settles in several tokens. This is payments by class of payer, not payers.
Afterwards
Each bar is a share of the same 129,858 addresses paid on a rail. They are not exclusive and are deliberately not drawn as parts of one circle.
Nothing we can see: 105,203 · 81%, 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.
ERC-8004
559 claims name a different chain and this ring is only those; 12 name a registry we do not read, so the rate in the centre leaves them out. The other 687 name the registry the card is already in.
| 1h | Curator changed | Hyperithm USDC Apex: curator removed, the owner holds curation directly | $1.57M |
| 1h | Curator changed | Safe x Steakhouse USDT: curator removed, the owner holds curation directly | $3.05M |
| 1h | Money in | Moonwell Frontier cbBTC: took in $0.43M, 62% of what it held | $429.6k |
| 1h | Money in | Felix USDT0: took in $0.47M, 11% of what it held | $471.3k |
| 1h | Money out | Felix HYPE: paid out $4.69M, 26% of what it held | $4.69M |
| 1h | Money out | Felix USDC: paid out $1.54M, 18% of what it held | $1.54M |