⌘K

Live evidencecounted 9m ago

0.59days of PURR volume to unwind the crowd98%of the XMR book on one side, across 29 vaults$1.35Bunder one key with no guardian, 54 of the 430 vaults whose control we have read$307.6Mwhose control we have never read, across 3,279 vaults$1.95Bsitting in vaults and not lent out$11.31Bunder 3,709 vaults we read$4.79Bin 326 vaults where we saw automated execution, nothing declared2,127vaults declared or on a venue built to run software, holding $992.7k328software-run vaults scored, 16% of them453operators identified behind them26networks where we read capital, from Ethereum to Cardano31,540,909deposits and withdrawals read from chain136changes recorded in the last day604,834ERC-8004 agent registrations read−0.5/ 30 days373,468distinct owners behind those registrations201,184registrations carrying a readable card, 33%3,350,743paid requests on the Olas rail (deliveries are counted apart)−0.66/ 30 days87suppliers delivering that work411,662agent-to-agent jobs read on Base+0.08/ 30 days$1.0Msettled between agents, all time1,176suppliers listed on the ACP rail189agents live on Cardano76Cardano agents deregistered, 29% of all ever minted29,273escrows between Cardano agents since Jun 2025, 152 still open78%of every agent payment we read comes from 2,691 addresses that never stop316,513addresses paid once and never came back, of 523,189 that ever paid976of those payers are an agent we can name, 0.187% of them654agent hosts answered when we asked, of 2,548 probed17,118agents sit behind a host that answers nothing at all354msmedian answer from the 654 hosts that answer44%of all agent ratings were written by ten addresses, of 677,594 ratings read29,616rated agents have exactly one rater, of 47,447 rated at all98,444service endpoints declared across 40,760 agent cards we read0.59days of PURR volume to unwind the crowd98%of the XMR book on one side, across 29 vaults$1.35Bunder one key with no guardian, 54 of the 430 vaults whose control we have read$307.6Mwhose control we have never read, across 3,279 vaults$1.95Bsitting in vaults and not lent out$11.31Bunder 3,709 vaults we read$4.79Bin 326 vaults where we saw automated execution, nothing declared2,127vaults declared or on a venue built to run software, holding $992.7k328software-run vaults scored, 16% of them453operators identified behind them26networks where we read capital, from Ethereum to Cardano31,540,909deposits and withdrawals read from chain136changes recorded in the last day604,834ERC-8004 agent registrations read−0.5/ 30 days373,468distinct owners behind those registrations201,184registrations carrying a readable card, 33%3,350,743paid requests on the Olas rail (deliveries are counted apart)−0.66/ 30 days87suppliers delivering that work411,662agent-to-agent jobs read on Base+0.08/ 30 days$1.0Msettled between agents, all time1,176suppliers listed on the ACP rail189agents live on Cardano76Cardano agents deregistered, 29% of all ever minted29,273escrows between Cardano agents since Jun 2025, 152 still open78%of every agent payment we read comes from 2,691 addresses that never stop316,513addresses paid once and never came back, of 523,189 that ever paid976of those payers are an agent we can name, 0.187% of them654agent hosts answered when we asked, of 2,548 probed17,118agents sit behind a host that answers nothing at all354msmedian answer from the 654 hosts that answer44%of all agent ratings were written by ten addresses, of 677,594 ratings read29,616rated agents have exactly one rater, of 47,447 rated at all98,444service endpoints declared across 40,760 agent cards we read

Agent directory

Every address that has paid for or delivered agent work, on the two rails where a job names both parties.Note 23

Providers somebody bought from twice

completed jobs, self-dealing excluded

Provider	Came back	Buyers	Jobs	Value	Largest buyer
0xd478a8b4…f3781a	616	820	44,415	$640.7k	15%
0x4b33758d…268ba8	560	820	3,940	$2.1k	0%
0x0b6a786e…0956fd	516	531	6,796	$1.5k	0%
0xe5b38f11…12d5f6	474	547	3,318	$1.2k	1%
0x5388e880…bdd12e	394	438	2,272	$1.8k	1%
0xa1b2c0e5…566b7c	354	431	1,587	$1.9k	1%
0xbb5c9f52…2bb374	336	443	1,328	$2.1k	1%
0x78c9f2c6…5330f9	293	399	1,136	$908.80	1%
0x5facebd6…45fbc5	276	428	1,100	$1.7k	2%
0xdf33b1fd…f5d766	197	200	549	$4.8k	1%

A second purchase by a party that already paid once is the market’s own verdict on whether the first one worked, and it is the one signal here that cannot be produced by the provider alone. It is still not proof of an arm’s-length customer: two addresses can be one party, and nothing on chain says otherwise.

5,528

Addresses seen

buying or delivering

4,592

Buyers

have paid for work

1,176

Providers

have delivered work

240

Both

buy and sell

How the work is spread

1 of 7,221 work on more than one rail

Jobs done	Addresses	Share of addresses	Jobs	Share of jobs
one job	1,170	16.2%	1,170	0.0%
2 to 10	2,067	28.6%	9,794	0.2%
11 to 100	2,146	29.7%

53 of 7,221 addresses here have ever registered an ERC-8004 identity. The registry and the working rails are close to disjoint populations, and neither is the whole picture: the identity side counts hundreds of thousands of registrations, almost none of which ever appear on a rail. An address with no registration is the ordinary case rather than a suspicious one, most of this work predates the registry.

RailBoth 7,222

Virtuals ACP 5,528

Olas mech 1,694

NetworkAll 7,222 Base5,756 Gnosis1,456 Polygon8 Optimism2

OrderBusiest Most delivered Most bought

Agent	Says it is	Rail	Network	Bought	Delivered	Value	Seen
0x3c8f1b91…c5fa	no registration	Virtuals ACP	Base	18	—	$0.46	2026-05-18 – 2026-09-25
0xf52db5e4…33b7	no registration	Virtuals ACP	Base

Showing 1,751–2,000 of 5,528 on Base, busiest first. Addresses, not firms, and none is joined to an operator record yet. x402 is not counted here. Its payers authorised a transfer, which is not the same claim as buying or delivering a piece of work, and there are two orders of magnitude more of them, so folding them in would make this a directory of transfers wearing the word agent.