Identity & trust

Every public figure for this rail counts AuthorizationUsed events and calls them x402 settlements. EIP-3009 is a general gasless-transfer primitive that predates x402 and is used by things unrelated to it, so that count is an upper bound wearing a protocol’s name. Ours is the same upper bound, said as one.

The broadcaster is the facilitator on x402, and the only field that separates one of these from any other gasless transfer. Learning it costs a receipt per transaction, so the count comes from every window and the attribution from a capped sample, the count is the claim being checked and the attribution is what it means.

The last figure is a shape an event count cannot show: 726 wallets paying 25 destinations through one broadcaster, at an average of $0.0013 a transfer. Whether that is a service, a faucet or one operator cycling addresses is not something the chain says, so it is described rather than named, and every one of those transfers counts once in the headline that other people publish as settlement volume.

Read from the contract’s whole transaction history, not from what is sitting in it. Until today this panel reported 135 escrows, the outputs still unspent, which is a balance sheet, not a market. An escrow that settles is spent and leaves the contract, so counting only the open ones counted only the jobs that had not finished.

A Masumi registration is an NFT, so leaving is a burn and is visible. On ERC-8004 a registration is permanent and the population can only rise.