⌘K

Live evidencecounted 1m ago

0.59days of PURR volume to unwind the crowd98%of the XMR book on one side, across 35 vaults$478.5Munder one key with no guardian — 11 of the 127 vaults whose control we have read$2.08Bwhose control we have never read, across 2,782 vaults$1.62Bsitting in vaults and not lent out$5.87Bunder 2,909 vaults we read1,839agent-managed, of 2,909 tracked192agent vaults scored, 10% of them479operators identified behind them25networks read, from Ethereum to Cardano3,774,728deposits and withdrawals read from chain115changes recorded in the last day526,005ERC-8004 agent registrations read+9.75/ 30 days330,751distinct owners behind those registrations188,888registrations carrying a readable card, 36%4,113,827agent tasks settled on the Olas rail−0.39/ 30 days71suppliers delivering that work404,295agent-to-agent jobs read on Base+0.41/ 30 days$1.0Msettled between agents, all time1,168suppliers listed on the ACP rail191agents live on Cardano74Cardano agents deregistered, 28% of all ever minted28,047open escrows between Cardano agents0.59days of PURR volume to unwind the crowd98%of the XMR book on one side, across 35 vaults$478.5Munder one key with no guardian — 11 of the 127 vaults whose control we have read$2.08Bwhose control we have never read, across 2,782 vaults$1.62Bsitting in vaults and not lent out$5.87Bunder 2,909 vaults we read1,839agent-managed, of 2,909 tracked192agent vaults scored, 10% of them479operators identified behind them25networks read, from Ethereum to Cardano3,774,728deposits and withdrawals read from chain115changes recorded in the last day526,005ERC-8004 agent registrations read+9.75/ 30 days330,751distinct owners behind those registrations188,888registrations carrying a readable card, 36%4,113,827agent tasks settled on the Olas rail−0.39/ 30 days71suppliers delivering that work404,295agent-to-agent jobs read on Base+0.41/ 30 days$1.0Msettled between agents, all time1,168suppliers listed on the ACP rail191agents live on Cardano74Cardano agents deregistered, 28% of all ever minted28,047open escrows between Cardano agents

Who is running the money

A firm’s book across every venue it operates on, which no venue publishes.Note 8

Across venues

$1.19B is run by 5 firms operating on more than one venue. No single venue sees those books whole; each one sees its own slice. $206.11M of it is sitting unlent.

The operators ›

Concentration

Who runs the money

Gauntlet: $1.13B74%
Hyperliquidity Provider (HLP): $327.14M22%
Avant avETH: $33.97M2.2%
Pangolins: $14.62M1.0%
MEV Capital: $9.59M0.6%
1 smaller firms: $2.49M0.2%

Firms, not vaults. A firm's book across every venue it operates on is the part no venue publishes; which vault sits inside each is the register below.

Firms by capital under management

All operators →

Firm	Venues	Networks	Strategies	Capital	Delivered	Not lent out
Gauntlet2 linked	2	9	45 18 machine	$1.13B	2.12%over 100%	$205.80M
Hyperliquidity Provider (HLP)2 linked	1	1	8 3 machine	$327.14M	not established	—
Avant avETH2 linked	2	2	2	$33.97M

Note 8how two operator records become one firm · Note 4realised return, and when it cannot be compared