⌘K

Live evidencecounted 29m ago

0.56days of PURR volume to unwind the crowd99%of the XMR book on one side, across 27 vaults$1.43Bunder one key with no guardian, 55 of the 433 vaults whose control we have read$359.0Mwhose control we have never read, across 3,340 vaults$1.90Bsitting in vaults and not lent out$11.35Bunder 3,773 vaults we read$4.62Bin 328 vaults where we saw automated execution, nothing declared2,178vaults declared or on a venue built to run software, holding $1.04M330software-run vaults scored, 15% of them454operators identified behind them26networks where we read capital, from Ethereum to Cardano31,753,219deposits and withdrawals read from chain237changes recorded in the last day665,378ERC-8004 agent registrations read−0.06/ 30 days429,666distinct owners behind those registrations202,388registrations carrying a readable card, 30%3,369,653paid requests on the Olas rail (deliveries are counted apart)−0.59/ 30 days88suppliers delivering that work412,095agent-to-agent jobs read on Base+0.22/ 30 days$1.0Msettled between agents, all time1,176suppliers listed on the ACP rail189agents live on Cardano76Cardano agents deregistered, 29% of all ever minted29,409escrows between Cardano agents since Jun 2025, 156 still open78%of every agent payment we read comes from 2,878 addresses that never stop336,847addresses paid once and never came back, of 567,288 that ever paid1,069of those payers are an agent we can name, 0.188% of them674agent hosts answered when we asked, of 2,571 probed17,117agents sit behind a host that answers nothing at all407msmedian answer from the 674 hosts that answer44%of all agent ratings were written by ten addresses, of 698,452 ratings read40,407rated agents have exactly one rater, of 58,352 rated at all108,597service endpoints declared across 46,139 agent cards we read0.56days of PURR volume to unwind the crowd99%of the XMR book on one side, across 27 vaults$1.43Bunder one key with no guardian, 55 of the 433 vaults whose control we have read$359.0Mwhose control we have never read, across 3,340 vaults$1.90Bsitting in vaults and not lent out$11.35Bunder 3,773 vaults we read$4.62Bin 328 vaults where we saw automated execution, nothing declared2,178vaults declared or on a venue built to run software, holding $1.04M330software-run vaults scored, 15% of them454operators identified behind them26networks where we read capital, from Ethereum to Cardano31,753,219deposits and withdrawals read from chain237changes recorded in the last day665,378ERC-8004 agent registrations read−0.06/ 30 days429,666distinct owners behind those registrations202,388registrations carrying a readable card, 30%3,369,653paid requests on the Olas rail (deliveries are counted apart)−0.59/ 30 days88suppliers delivering that work412,095agent-to-agent jobs read on Base+0.22/ 30 days$1.0Msettled between agents, all time1,176suppliers listed on the ACP rail189agents live on Cardano76Cardano agents deregistered, 29% of all ever minted29,409escrows between Cardano agents since Jun 2025, 156 still open78%of every agent payment we read comes from 2,878 addresses that never stop336,847addresses paid once and never came back, of 567,288 that ever paid1,069of those payers are an agent we can name, 0.188% of them674agent hosts answered when we asked, of 2,571 probed17,117agents sit behind a host that answers nothing at all407msmedian answer from the 674 hosts that answer44%of all agent ratings were written by ten addresses, of 698,452 ratings read40,407rated agents have exactly one rater, of 58,352 rated at all108,597service endpoints declared across 46,139 agent cards we read

Exit register

Vault dashboards lead with size and yield. This measures what appears withdrawable at the current state: per market, the smaller of what the vault supplied and what that market has left unlent, summed, read from Euler, Morpho and Lista.

59 days of the register, recorded daily, from 18 August 2026. That is short, and it is short because we started recording it then rather than because nothing happened before. This is a reading we took and stored rather than an event a chain kept, so the series itself begins when we began; the underlying activity may well be reconstructable from an archive node or the venue’s own history, and we have not done it.

Cannot be withdrawn

$1.05B

86 of 624 vaults in the register

Supplied to lending

$8.63B

gross, across the vaults we read

Withdrawable, each vault alone

$1.74B

20% of what was supplied; not all at once

59 days

recorded daily since 2026-08-18

What is not here. Of 3,773 open vaults holding $11.35B, 2,798 holding $747.43M have no exit reading at all, neither what can be withdrawn nor what sits unlent. That is 7% of the capital on this site, and the figures above say nothing about it. The venues behind most of it are Concrete, Hyperliquid, ether.fi Liquid, Lagoon and Veda, where withdrawal is asynchronous or on a timer and the reading we have elsewhere does not apply.

All at once is less. Across the $7.65B we read market by market (Morpho and Lista), each vault on its own could take out $2.59B; if every one of them left together, the 236 markets they share would give up at most $963.34M, because $1.62B of free cash is counted once per vault that could claim it. Queue order, reallocation and withdrawal caps are not modelled: this is the free-cash ceiling, not a forecast.

Why this is not in the TVL figure

A lending vault’s size and its liquidity are different facts. Venues show both for their own vaults; this page puts the liquidity side by side across every lending vault we read, which no single venue does. Utilisation here is computed from the two halves of one reading, lent out over lent out plus left, never against a capital figure written by another job at another time, which is a wrong number built from two right ones.

A vault absent from this list is one whose liquidity we do not read, never one with nothing locked. Where the reading is missing the site says so rather than showing a zero.

The register

as of 2026-10-16

Vault	Platform	Supplied	Lent out	Withdrawable	Utilised
Adpend USDC	Morpho	$573.97M	$573.97M	none	100.0%
1337 USDC	Morpho	$306.02M	$306.02M	none	100.0%
EVK Vault eUSDt-3	Euler	$16.74M	$16.74M	none	100.0%
Mainstreet USDC ethereum · 7e9EA9