⌘K

Live evidencecounted 25m ago

0.51days of MEME volume to unwind the crowd99%of the XMR book on one side, across 28 vaults$1.28Bunder one key with no guardian, 52 of the 424 vaults whose control we have read$315.2Mwhose control we have never read, across 3,225 vaults$1.96Bsitting in vaults and not lent out$11.34Bunder 3,649 vaults we read$4.87Bin 323 vaults where we saw automated execution, nothing declared2,080vaults declared or on a venue built to run software, holding $1.01M325software-run vaults scored, 14% of them451operators identified behind them26networks where we read capital, from Ethereum to Cardano31,241,990deposits and withdrawals read from chain19changes recorded in the last day588,846ERC-8004 agent registrations read−0.6/ 30 days360,982distinct owners behind those registrations199,780registrations carrying a readable card, 34%3,330,722paid requests on the Olas rail (deliveries are counted apart)−0.67/ 30 days87suppliers delivering that work411,027agent-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 minted29,009escrows between Cardano agents since Jun 2025, 144 still open78%of every agent payment we read comes from 2,571 addresses that never stop307,376addresses paid once and never came back, of 494,774 that ever paid934of those payers are an agent we can name, 0.189% of them635agent hosts answered when we asked, of 2,532 probed17,125agents sit behind a host that answers nothing at all404msmedian answer from the 635 hosts that answer44%of all agent ratings were written by ten addresses, of 671,178 ratings read29,502rated agents have exactly one rater, of 47,110 rated at all86,979service endpoints declared across 33,840 agent cards we read0.51days of MEME volume to unwind the crowd99%of the XMR book on one side, across 28 vaults$1.28Bunder one key with no guardian, 52 of the 424 vaults whose control we have read$315.2Mwhose control we have never read, across 3,225 vaults$1.96Bsitting in vaults and not lent out$11.34Bunder 3,649 vaults we read$4.87Bin 323 vaults where we saw automated execution, nothing declared2,080vaults declared or on a venue built to run software, holding $1.01M325software-run vaults scored, 14% of them451operators identified behind them26networks where we read capital, from Ethereum to Cardano31,241,990deposits and withdrawals read from chain19changes recorded in the last day588,846ERC-8004 agent registrations read−0.6/ 30 days360,982distinct owners behind those registrations199,780registrations carrying a readable card, 34%3,330,722paid requests on the Olas rail (deliveries are counted apart)−0.67/ 30 days87suppliers delivering that work411,027agent-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 minted29,009escrows between Cardano agents since Jun 2025, 144 still open78%of every agent payment we read comes from 2,571 addresses that never stop307,376addresses paid once and never came back, of 494,774 that ever paid934of those payers are an agent we can name, 0.189% of them635agent hosts answered when we asked, of 2,532 probed17,125agents sit behind a host that answers nothing at all404msmedian answer from the 635 hosts that answer44%of all agent ratings were written by ten addresses, of 671,178 ratings read29,502rated agents have exactly one rater, of 47,110 rated at all86,979service endpoints declared across 33,840 agent cards we read

Observations

Patterns with more than one explanation. Nothing here lowers a grade.Note 12

A share price that only ever goes up, very fast

12 vaults · $738.34M

What is measured: Vaults whose price per share rose at every daily reading for at least a fortnight, at a rate above 300% a year. Both conditions are required: the rate alone catches a rally, and never falling alone describes every ordinary lending vault.
Equally consistent with: A genuinely extraordinary rate, which new markets do pay while incentives last. Nothing here says the number is wrong, where we can check it against the venue’s own API, it agrees.
Why it changes a reading: Interest accrued is not interest received. A share price is a claim on what borrowers owe, and it is worth its face value only if they repay and the vault can be redeemed at that price. The rate and a queue at the exit can have one cause: an adaptive rate climbs precisely because utilisation is pinned and nobody is getting out. The figures for the largest of these, from the same reading as the table, are below. The 2 largest hold $723.41M; what could be withdrawn from them today is $0.16. Their risk scores: 46 and 60.

Vault	Platform	Value	What was measured
Duplicated Key	Morpho	$2.11M	The share price has risen at every one of 29 readings over 29 days, at a rate of 800% a year. Of what depositors supplied, effectively none could be withdrawn today.
1337 USDC	Morpho	$251.55M	The share price has risen at every one of 29 readings over 29 days, at a rate of 799% a year. Of what depositors supplied, effectively none could be withdrawn today.
Adpend USDC	Morpho	$471.85M	The share price has risen at every one of 29 readings over 29 days, at a rate of 798% a year. Of what depositors supplied, effectively none could be withdrawn today.
Tanken USDC

What this page cannot see

Only vaults whose flow or execution we hold can be examined at all, which is why the denominator above is a few hundred rather than every vault on the site. A pattern that stopped is cleared rather than left standing, so this is a picture of the last thirty days and not a permanent record. And every measure here is a floor: anything held on a centralised exchange, or moved without touching a ledger we read, is invisible to it.