⌘K

Live evidencecounted 2m ago

0.94days of PURR volume to unwind the crowd99%of the XMR book on one side, across 30 vaults$1.32Bunder one key with no guardian, 52 of the 426 vaults whose control we have read$308.5Mwhose control we have never read, across 3,258 vaults$1.99Bsitting in vaults and not lent out$11.35Bunder 3,684 vaults we read$4.85Bin 325 vaults where we saw automated execution, nothing declared2,113vaults declared or on a venue built to run software, holding $1.00M327software-run vaults scored, 13% of them452operators identified behind them26networks where we read capital, from Ethereum to Cardano31,438,188deposits and withdrawals read from chain171changes recorded in the last day595,636ERC-8004 agent registrations read−0.58/ 30 days365,193distinct owners behind those registrations200,764registrations carrying a readable card, 34%3,342,538paid requests on the Olas rail (deliveries are counted apart)−0.67/ 30 days87suppliers delivering that work411,349agent-to-agent jobs read on Base+0.05/ 30 days$1.0Msettled between agents, all time1,175suppliers listed on the ACP rail189agents live on Cardano76Cardano agents deregistered, 29% of all ever minted29,194escrows between Cardano agents since Jun 2025, 145 still open78%of every agent payment we read comes from 2,636 addresses that never stop309,820addresses paid once and never came back, of 504,405 that ever paid954of those payers are an agent we can name, 0.189% of them642agent hosts answered when we asked, of 2,536 probed17,121agents sit behind a host that answers nothing at all272msmedian answer from the 642 hosts that answer44%of all agent ratings were written by ten addresses, of 676,770 ratings read29,392rated agents have exactly one rater, of 47,149 rated at all93,548service endpoints declared across 37,679 agent cards we read0.94days of PURR volume to unwind the crowd99%of the XMR book on one side, across 30 vaults$1.32Bunder one key with no guardian, 52 of the 426 vaults whose control we have read$308.5Mwhose control we have never read, across 3,258 vaults$1.99Bsitting in vaults and not lent out$11.35Bunder 3,684 vaults we read$4.85Bin 325 vaults where we saw automated execution, nothing declared2,113vaults declared or on a venue built to run software, holding $1.00M327software-run vaults scored, 13% of them452operators identified behind them26networks where we read capital, from Ethereum to Cardano31,438,188deposits and withdrawals read from chain171changes recorded in the last day595,636ERC-8004 agent registrations read−0.58/ 30 days365,193distinct owners behind those registrations200,764registrations carrying a readable card, 34%3,342,538paid requests on the Olas rail (deliveries are counted apart)−0.67/ 30 days87suppliers delivering that work411,349agent-to-agent jobs read on Base+0.05/ 30 days$1.0Msettled between agents, all time1,175suppliers listed on the ACP rail189agents live on Cardano76Cardano agents deregistered, 29% of all ever minted29,194escrows between Cardano agents since Jun 2025, 145 still open78%of every agent payment we read comes from 2,636 addresses that never stop309,820addresses paid once and never came back, of 504,405 that ever paid954of those payers are an agent we can name, 0.189% of them642agent hosts answered when we asked, of 2,536 probed17,121agents sit behind a host that answers nothing at all272msmedian answer from the 642 hosts that answer44%of all agent ratings were written by ten addresses, of 676,770 ratings read29,392rated agents have exactly one rater, of 47,149 rated at all93,548service endpoints declared across 37,679 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.

Addresses seen

buying or delivering

Buyers

have paid for work

Providers

have delivered work

Both

buy and sell

How the work is spread

1 of 7,218 work on more than one rail

Jobs done	Addresses	Share of addresses	Jobs	Share of jobs
one job	1,169	16.2%	1,169	0.0%
2 to 10	2,066	28.6%	9,790	0.2%
11 to 100	2,157	29.9%

53 of 7,218 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 7,219

Virtuals ACP 5,526

Olas mech 1,693

NetworkAll 7,219 Base5,754 Gnosis1,455 Polygon8 Optimism2

OrderBusiest Most delivered Most bought

Agent	Says it is	Rail	Network	Bought	Delivered	Value	Seen
0x335dfd25…b5b3	no registration	Olas mech	Polygon	10	—	0.25 POL	2026-01-09 – 2026-01-15
0x9070a951…4ba4	no registration	Olas mech

Showing 1–8 of 8 on Polygon, 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.