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A firm’s book across every venue it operates on, which no venue publishes.Note 8
Half a million registrations, and 78 servers that answer when a client actually connects. These are not four stages of one pipeline. An address can be paid for work having never declared an endpoint, and most of the paid ones have not, so the counts are printed beside one another rather than as a funnel that would claim each contains the next.
Every transfer on this rail is put in a tier by what else can be shown about it, never by its size. Read by how many payments there are, the demonstrable market is 11.1% of the rail. Read by value, it is 0.0014%. Both are true and neither is the headline on its own.
By payments
A payment to a service the x402 catalogue lists on that chain is the only tier that shows agent commerce by itself. The rest are named for what is missing, not counted as nothing.
By value
The same four tiers in the same order. The tier that carries almost every payment carries almost none of the money, and the tier nothing confirms carries nearly all of it.
9,546,888 payments under a dollar, between 125,355 buyers and 72,425 sellers, worth $170,692 between them. 19% of buyer–seller relationships recur, at 33 payments each.
$170,692 is the honest size of it. The billion that shares this rail’s event signature belongs to six thousand large transfers using the same primitive, which is a treasury moving money and not an agent buying anything, so the two are never added together. How it divides.
3,369,653 tasks bought by 1,611 agents from 88 providers.Note 23
| Polygon | 29 | 13 | 7 | 2 | 1.0300 POL over 18 of 29 | 0.4800 POL over 8 of 13 |
| Optimism | 16 | 297 | 1 | 1 | no priced tasks | no priced tasks |
Fees are shown in each network’s own token, never added across chains, and only over the tasks that carry a price in that token, most settle at a rate of a few wei, which is a subscription credit reported in the same field rather than a fee. These are addresses, not firms: none is yet joined to an operator record.