⌘K

Live evidencecounted 13m 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$4.61Bin 328 vaults where we saw automated execution, nothing declared887vaults declared or on a venue built to run software, holding $105.6k330software-run vaults scored, 15% of them454operators identified behind them26networks where we read capital, from Ethereum to Cardano31,753,219deposits and withdrawals read from chain172changes 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 them610agent hosts answered when we asked, of 2,292 probed17,119agents sit behind a host that answers nothing at all299msmedian answer from the 610 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$4.61Bin 328 vaults where we saw automated execution, nothing declared887vaults declared or on a venue built to run software, holding $105.6k330software-run vaults scored, 15% of them454operators identified behind them26networks where we read capital, from Ethereum to Cardano31,753,219deposits and withdrawals read from chain172changes 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 them610agent hosts answered when we asked, of 2,292 probed17,119agents sit behind a host that answers nothing at all299msmedian answer from the 610 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

Independent evidence and risk intelligence for autonomous capital

What agent-managed capital is actually doing, read from public on-chain and venue data, with the gaps named rather than filled in.Note 2 Note 3 Note 5

Exposure

Where the capital is

3,773 vaults

Ethereum: $6.15B54%
Base: $2.40B21%
BSC: $619.19M5.5%
Robinhood Chain: $527.25M4.6%
Monad: $451.06M4.0%
Hyperliquid: $284.23M2.5%
Other 20: $908.23M8.0%

Every open vault we read, agent-managed or not. A chain absent here is one we do not observe, not one with nothing on it.

How this figure was arrived at

Metric: capital-by-chain
Population: vaults_valuedOpen vaults we can put a size on, which is the denominator behind every capital total here. A vault whose underlying we cannot price is published unvalued rather than estimated; one we read as holding nothing is valued at zero, which is a reading rather than a gap.
Denominator: 11,345,745,648.942 USD · 100.0% of it
Source: Computed here from figures this platform already holds.
Grade: B
Read at: 2026-10-16 22:29 UTC
Methodology: aspern-0.3
Snapshot: cmvbjj2l7090flee57iz1yro1

Exit capacity

What could actually leave today

86 drained

Lent out, still liquid market: $5.84B68%
Cash today: $1.74B20%
Nothing left to withdraw: $1.05B12%

Cash plus lent plus drained equals the $8.63B supplied, with no dollar in two places. Read 2026-10-16 from each register's own supplied and borrowed figures, not against stated size, those are written by different jobs at different times.

How this figure was arrived at

Metric: withdrawableUsd
Population: open_lending_vaults_with_supply_and_borrow_readLending vaults where both sides of the register were read, so the vault can be placed in exactly one exit state.
Denominator: 8,632,341,999.53 USD · 20.2% of it
Source: Read from the chain itself, at a block.
Grade: B
Read at: 2026-10-16 21:04 UTC
Methodology: aspern-0.3
Snapshot: cmvbgh71a08kele4fiu2k3tzw

Capital under measurement over time

$11.35B measured, 41% machine-managed · 12.7% of all DeFi

Machine-managedMeasured, not established19 Sept: Morpho Vault V2 added to what we read, about $4.75B that existed before1264 of 1326 days rebuilt from stored NAV

The two halves are not comparable and the boundary is drawn for that reason. To its right, every day was observed. To its left, days are rebuilt from NAV readings we happened to have stored, carrying each vault’s last known value forward, so they cover far fewer vaults, and they use today’s vault list and classification, which makes them survivorship-biased backwards. The step at the join is 0.9× (676 to 623 vaults where we have the counts): that is our reach arriving, not the market growing. Read the left half as a floor under what existed, never as a measurement of it.

Why the total moved

2026-09-16 to 2026-10-16

From $9.49B to $10.79B. A line going up reads as a market growing, and three different things move it.

Held throughout 2,164 vaults we read on both dates+$967.87M
Of that, money arriving deposits less withdrawals, read for 761 of them+$452.44M
Arrived 389 vaults in the later reading and not the earlier+$334.99M
Left 240 closed, or a venue stopped answering−$3.57M

An arrival is not growth: some of these vaults are new, and some existed all along until we began reading them. The two cannot be told apart from this side, so neither is claimed. What is not attributed to flows is not called performance. Flows are read where the venue publishes them; for the rest the change stays unexplained, because calling an unread deposit a return is the oldest bug on this platform.

Where the capital sits, over time

3,459 vaults, a day at a time; a vault not heard from for ten days drops out.

Morpho Vaults V2MorphoConcreteLista LendingEulerHyperliquid16 other platforms

Range

Hover for each platform and the total.

It begins on 2026-08-17, the first day every platform shown here was being priced, so every day of it compares like with like. Morpho Vaults V2 and Hyperliquid have value history back to 2026-02-13, on their own vault pages; stacked here it would be one venue's record against the others' absence. Vaults that closed before we read them are absent, so the early days are a floor.

FindingAcross vaults

$1.05B

cannot be withdrawn today, across 86 vaults

82.8%

of the $1.07B we can attribute is lent against one collateral: sdeUSD

$652.35M

sitting unlent across 172 vaults, available, earning nothing

read 2026-10-16

Two ends of the same reading: money that cannot come out, and money that is not being put to work. Every input is public, the cross-vault view is ours.

What this is and is not

Depositors here are waiting on borrowers rather than on a market: the capital is committed, not gone. Utilisation answers both questions and only the first is usually published.

Agent-managed vaults

2,161

2/42 agent platforms covered

Trades a book: 1,982
Allocates deposits: 179

Vaults tracked

3,773

open, across 34 of 74 known platforms

Acted this week: 334
Quiet: 3,439
Closed: 207

Capital measured

Read the total as an upper bound. $6.89B, 61%, is out with borrowers and could be counted twice. 40 vaults hold another tracked here, putting $217.92M in the total twice.Note 1

Last ingest: payments ✓ 0 items · tempo-mpp ✓ 0 items · meter ✓ 0 items · site-faults ✓ 0 items · webhooks ✓ 0 items · endpoint-health ✗ 0 items