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Both sides of this site are readable here, capital under vaults, and agents transacting on a rail. 12 networks manage that; most carry only one.
How much of the capital on Ethereum sits under a vault an agent runs, and what stands behind each answer.
$2.48B of $6.11B is under a vault we have reason to call agent-managed; 40.6% of the capital, in 165 of 479 vaults.
| Who can move it | Capital | Share | Vaults |
|---|---|---|---|
| Agent, read from behaviour | $2.48B | 40.6% | 112 vaults |
| Agent, declared by the venue | $95.6k | 0.0% | 53 vaults |
| Not agent-managed | $3.63B | 59.4% | 314 vaults |
Each vault counts in one band only, its strongest evidence, hover a band for what stands behind it.
3,384 in Oct 26
Events, stacked. The rails record different things, so the height is a count of things that happened and not of one quantity; what it can say is when this network was busy.
ERC-8004
Every registration is exactly one of these. A pointer may well resolve; we do not follow it, and that is a limit of this reading. The last is unreadable to any client, not merely to ours.
Each rail records something different, and the counts are not one quantity. A registration is not a payment, and a task delivered is not a job priced, so they are listed apart rather than summed into a single score.
An identity registry. A registration says an agent exists and who owns it; it is not evidence that the agent has ever done anything or been paid.
Read from its first event on this network, 2026-01-29. The series is short because the registry is young here, not because the reading is.
Pay-per-request settlement over the HTTP 402 scheme. Counted here are SALES: on this network’s EVM chains that means the recipient lists a price in an x402 catalogue we read, and on Solana that the transaction carries the memo instruction the scheme requires. Transfers over the same primitive that buy nothing we can evidence are not in this number.
Composition
Protocols, not vaults. Which venues hold this chain's agent-managed capital is a shape worth seeing free; which vault sits inside each one is the register underneath, and that is the paid half.
The venues we read on this network, and what each holds. Agent-native means the protocol was built for agent-run strategies rather than having them arrive later.
| Protocol | Kind | Vaults | Capital | Share |
|---|---|---|---|---|
| Morpho Vaults V2site | lending vault | 125 | $2.89B | 47% |
| Morphosite | lending vault | 86 | $1.22B | 20% |
| Concretesite | strategy vault | 21 | $1.12B | 18% |
| ether.fi Liquidsite | strategy vault |
| Vault | Capital | Risk |
|---|---|---|
| Concrete · CTDELTAWEETH Concrete | $767.50M | 27 |
| Adpend USDC Morpho | $500.55M | 46 |
| Sentora RLUSD Main Morpho Vaults V2 · agent-managed | $458.14M | 20 |
| Paypal USD Main Morpho Vaults V2 · agent-managed | $414.05M | 18 |
| ether.fi Liquid · LIQUIDETH ether.fi Liquid | $343.82M | unscored |
| 1337 USDC Morpho | $266.85M |
The operators behind the vaults on this network, by capital under management here.
Capital is the total under vaults we track on Ethereum, not the network’s total value locked, we read agent-managed strategies and a comparison set, never the whole chain. Everything here is computed from records we hold; where a figure is missing this page says which kind of missing it is rather than printing a dash. See Methodology for how far back each reader reaches and whose limit it is.
| 3 |
| $382.18M |
| 6% |
| Lagoonsite | strategy vault | 47 | $110.04M | 2% |
| Eulersite | lending vault | 76 | $102.55M | 2% |
| Vedasite | strategy vault | 3 | $76.84M | 1% |
| Makinasite | strategy vault | 10 | $45.79M | 1% |
| Ember Protocolsite | strategy vault | 10 | $35.17M | 1% |
| Upshiftsite | strategy vault | 5 | $34.78M | 1% |
| Avant avETHsite | strategy vault | 1 | $27.51M | 0% |
| Fusion by IPORsite | strategy vault | 17 | $24.69M | 0% |
| YieldNestsite | strategy vault | 8 | $24.67M | 0% |
| Lista Lendingsite | lending vault | 4 | $15.86M | 0% |
| Agua | strategy vault | 1 | $7.99M | 0% |
| Sherpasite | strategy vault | 1 | $478.2k | 0% |
| Bracket Vaultssite | strategy vault | 2 | $476.2k | 0% |
| Theoriq AlphaVault ETHsite | strategy vault | 1 | $212.4k | 0% |
| MaxShotsite | strategy vault | 3 | $186.3k | 0% |
| Arkonixsite | strategy vault | 1 | $112.3k | 0% |
| Krystal Auto-Farm Vaultagent-nativesite | strategy vault | 52 | $84.1k | 0% |
| Almanakagent-nativesite | strategy vault | 1 | $11.5k | 0% |
| ForgeYieldssite | strategy vault | 1 | $0.00 | 0% |
| 60 |
| Sentora x Spark RLUSD Morpho Vaults V2 | $250.02M | 43 |
| Sentora PRIME Main Morpho Vaults V2 · agent-managed | $216.10M | 36 |
Read from each vault's own contract, not from what a source called the pool. Where the two disagree the reported name is shown beneath, for a vault, an aggregator's pool symbol is usually the vault's own receipt token rather than the asset behind it.
| Asset | Vaults | Capital |
|---|---|---|
| USDC reported as 1212.ALPHA | 193 | $2.03B |
| weETH reported as CTDELTAWEETH | 2 | $768.58M |
| PYUSD | 7 | $726.84M |
| RLUSD | 4 | $708.50M |
| WETH reported as 9SETH | 54 | $541.06M |
| USDT reported as CTDEFIUSDT | 40 | $466.02M |
| EURCV | 5 | $155.79M |
| wstETH reported as GGV | 10 | $121.19M |