⌘K

Live evidencecounted 1m ago

0.50days of MEME volume to unwind the crowd99%of the XMR book on one side, across 30 vaults$1.30Bunder one key with no guardian, 52 of the 424 vaults whose control we have read$334.2Mwhose control we have never read, across 3,230 vaults$1.95Bsitting in vaults and not lent out$11.27Bunder 3,654 vaults we read$4.79Bin 323 vaults where we saw automated execution, nothing declared2,080vaults declared or on a venue built to run software, holding $1.01M324software-run vaults scored, 13% of them450operators identified behind them26networks where we read capital, from Ethereum to Cardano31,361,886deposits and withdrawals read from chain5changes recorded in the last day594,038ERC-8004 agent registrations read−0.57/ 30 days364,225distinct owners behind those registrations200,313registrations carrying a readable card, 34%3,337,008paid requests on the Olas rail (deliveries are counted apart)−0.66/ 30 days87suppliers delivering that work411,027agent-to-agent jobs read on Base+0.04/ 30 days$1.0Msettled between agents, all time1,175suppliers listed on the ACP rail189agents live on Cardano76Cardano agents deregistered, 29% of all ever minted29,141escrows between Cardano agents since Jun 2025, 142 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 read0.50days of MEME volume to unwind the crowd99%of the XMR book on one side, across 30 vaults$1.30Bunder one key with no guardian, 52 of the 424 vaults whose control we have read$334.2Mwhose control we have never read, across 3,230 vaults$1.95Bsitting in vaults and not lent out$11.27Bunder 3,654 vaults we read$4.79Bin 323 vaults where we saw automated execution, nothing declared2,080vaults declared or on a venue built to run software, holding $1.01M324software-run vaults scored, 13% of them450operators identified behind them26networks where we read capital, from Ethereum to Cardano31,361,886deposits and withdrawals read from chain5changes recorded in the last day594,038ERC-8004 agent registrations read−0.57/ 30 days364,225distinct owners behind those registrations200,313registrations carrying a readable card, 34%3,337,008paid requests on the Olas rail (deliveries are counted apart)−0.66/ 30 days87suppliers delivering that work411,027agent-to-agent jobs read on Base+0.04/ 30 days$1.0Msettled between agents, all time1,175suppliers listed on the ACP rail189agents live on Cardano76Cardano agents deregistered, 29% of all ever minted29,141escrows between Cardano agents since Jun 2025, 142 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

Vaults

The largest 400 by capital, of 3,654 open across every venue we read, agent-managed or not. The rest are on a plan, or in the API.Note 17

Concentration

How much of it sits in the largest vaults

Concrete · CTDELTAWEETH: $763.98M6.8%
Steakhouse USDG: $537.09M4.8%
Adpend USDC: $493.79M4.4%
Steakhouse High Yield USDC Edition: $461.93M4.1%
Sentora RLUSD Main: $458.08M4.1%
Gauntlet USDC Prime: $414.41M3.7%
2606 smaller vaults: $8.14B72%

A share of vaults_valued, open vaults we can put a size on, less the few we read as holding nothing, which have no share of capital to take. That is fewer than the open count in the header, and the difference is vaults whose underlying we cannot price rather than vaults that are not there.

How this figure was arrived at

Metric: capital-by-vault
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: 11,266,487,225.769 USD · 100.0% of it
Source: Computed here from figures this platform already holds.
Grade: B
Read at: 2026-10-09 23:41 UTC
Methodology: aspern-0.3
Snapshot: cmv1m0px5000kleyffpfv926b

Concentration, deeper

The largest 25, and everything after them

Concrete · CTDELTAWEETH: $763.98M6.8%
Steakhouse USDG: $537.09M4.8%
Adpend USDC: $493.79M4.4%
Steakhouse High Yield USDC Edition: $461.93M4.1%
Sentora RLUSD Main: $458.08M4.1%
Gauntlet USDC Prime: $414.41M3.7%
Paypal USD Main: $408.94M3.6%
Spark USDC Vault: $388.52M3.4%
Gauntlet x Lista BNB Vault: $361.71M3.2%
ether.fi Liquid · LIQUIDETH: $339.81M3.0%
1337 USDC: $263.24M2.3%
Sentora x Spark RLUSD: $250.01M2.2%
Steakhouse Prime USDC: $217.53M1.9%
Grove x Steakhouse USDC: $216.08M1.9%
Sentora PRIME Main: $216.03M1.9%
Gauntlet USDC Prime: $177.37M1.6%
Steakhouse Prime EURCV: $149.78M1.3%
Gauntlet x Lista USD1 Vault: $138.22M1.2%
Gauntlet USDC Prime: $125.12M1.1%
Steakhouse USDC: $121.57M1.1%
Steakhouse Prime USDC: $115.22M1.0%
Concrete · ctwstETH+: $112.91M1.0%
Concrete · CTWLFICX-PRIME: $103.48M0.9%
Grove x Steakhouse USDC High Yield: $103.41M0.9%
Avant avUSD · SAVUSD: $101.46M0.9%
2587 smaller vaults: $4.23B38%

The same money as the ring above, cut at twenty-five instead of six. Shaded by rank, light to dark, because these are sizes rather than identities.

How this figure was arrived at

Metric: capital-by-vault-deep
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: 11,266,487,225.769 USD · 100.0% of it
Source: Computed here from figures this platform already holds.
Grade: B
Read at: 2026-10-09 23:41 UTC
Methodology: aspern-0.3
Snapshot: cmv1m0px5000kleyffpfv926b

What the levered books look like right now

166 of 381 carry a liquidation price we can read

Closest to liquidation

1.3%

一三七, $991.1k of notional

Highest leverage

40.0×

一三七

Within 10% of liquidation

3 within 5%

These sit far down a list ordered by capital, because the levered books are the small ones. Sort the To liq. column to bring them to the top, or read them ranked on distance to liquidation. A vault showing a dash is unmeasured, not safe: the venue reported no liquidation price on any position we can see.

Size

Any Over $10M 137 $1M–10M 263 Under $1M 0

Who can move the money

Any One party, acting alone 83 A multisig, more than one signature 185 A timelock 24 Another contract 40 Control not read 68

History we have observed

Any 90 days or more 28 30–90 days 176 Under 30 days 196

Record

Any Independently checkable 240 Reported to us 160

Run by

Any Software 135 trading a book 17 allocating deposits 118

Why we call it software

Any seen or declared 135 name only 0

Observations

Any Something worth a look 56

28 of 400 shownClear filterCounts are of all 400 vaults, not of the current selection.

Machine-managed only15 of 28 identified as machine-managed

Download CSV, part of Analyst

#																Earning from
1	ether.fi Liquid · LIQUIDETHb86d4934-2…2491	ether.fi Liquid	Ethereum	LIQUIDETH	ether.fi Liquid	unknown	no model declared	—	$339.81M	1.4%never at scale	0.0%	—	0.1%	—	—	—	156d	3.26%of3.38%from 0.26% in 30d	consistent93	Timelock	—	—	-$3.51M	43%	C
2	HLP Strategy X0x469f6902…d7d8	Hyperliquid	Hyperliquid	USDC	HLP0xdfc24b07…f303	unknown	no model declared	—	$100.46M	3.4%never at scale	0.0%	—	2.4%	—	—	—	289d	rewards unread0.25% in 29d	consistent93	—	1	100%	$0.00	25%	B
3	Veda · LBTCV17e0b32c-d…756b	Veda	Ethereum	LBTCV	Veda	unknown	no model declared	—	$73.43M	0.1%never at scale	0.5%	1.13	0.3%	—	—	—	156d	quotes ~00.51% in 30d	consistent93	Multisig	—	—	-$1.32M	43%	C
4	Hyperliquidity Provider (HLP)0xdfc24b07…f303	Hyperliquid	Hyperliquid	USDC	Hyperliquidity Provider (HLP)0x677d831a…84e7	unknown	no model declared	—	$41.21M	361.8%175.3% at scale	5.8%	3.47	23%	—	—	—	3.4y	too new	consistent90	—	100+	<1%	-$8.22M	50%	B
5	Sentora pathUSD0x9a044AE0…a626	Morpho Vaults V2	Tempo	pathUSD	Sentora	likely	no model declared	—	$39.73M	0.1%never at scale	0.0%	—	<0.1%	—	—	—	154d	quotes ~00.02% in 29d	consistent100	Alone	—	—	$4.27M	42%	B
6	Veda · PLASMAUSD95d4f805-1…ad8a	Veda	Plasma	PLASMAUSD	Veda	unknown	no model declared	—	$32.85M	1.3%never at scale	0.0%	12912.48	0.1%	—	—	—	135d	4.09%of4.29%from 0.32% in 29d	intermittent77	Timelock	—	—	$439.2k	37%	C
7	HLP Liquidator 20xb0a55f13…9540	Hyperliquid	Hyperliquid	USDC	HLP0xdfc24b07…f303	likely	no model declared	—	$30.00M	388.0%387.9% at scale	0.8%	25.41	116%	1,541%	20.0×	—	1.5y	flat0.00% in 29d	erratic47	—	1	100%	$0.00	40%	B
8	ether.fi Liquid · LIQUIDUSD7c12f175-3…23c4	ether.fi Liquid	Ethereum	LIQUIDUSD	ether.fi Liquid	unknown	no model declared	—	$27.18M	2.2%never at scale	0.0%	929437.72	0.1%	—	—	—	156d	5.51%of5.68%from 0.42% in 28d	intermittent80	Timelock	—	—	-$4.15M	43%	C
9	Growi HF0x1e37a337…8d5e	Hyperliquid	Hyperliquid	USDC	Growi0x77894508…f60d	likely	no model declared	—	$13.51M	179.3%67.6% at scale	12.3%	1.87	23%	15,399%	12.2×	trading	2.2y	too new	consistent94	—	100+	5%	$1.88M	34%	B
10	ether.fi Liquid · LIQUIDBTC2f063aed-0…9fca	ether.fi Liquid	Ethereum	LIQUIDBTC	ether.fi Liquid	unknown	no model declared	—	$11.16M	1.1%never at scale	2.3%	0.51	4.0%	—	—	—	152d	quotes ~00.11% in 30d	consistent93	Timelock	—	—	$2.93M	42%	C
11	[ Systemic Strategies ] L/S Grids0x07fd993f…689d	Hyperliquid	Hyperliquid	USDC	Systemic Strategies0x2b804617…6f4b	likely	no model declared	—	$9.96M	165.7%45.9% at scale	28.7%	1.34	55%	626%	9.3×	losing	1.7y	implausible-11.09% in 28d	consistent94	—	100+	7%	-$3.36M	45%	B
12	drkmttr0xc179e039…e0c8	Hyperliquid	Hyperliquid	USDC	drkmttr0xf4f7cebb…239f	likely	no model declared	—	$8.45M	—	—	—	—	73%	4.6×	trading	303d	implausible-91.52% in 29d	consistent94	—	100+	36%	-$534.8k	26%	B
13	DOUBLETOP Vault0x53f8f390…ceff	Hyperliquid	Hyperliquid	USDC	DOUBLETOP0xfb9c7023…d388	unknown	no model declared	—	$6.73M	32.9%25.3% at scale	5.6%	9.64	40%	—	18.9×	trading	114d	rewards unread-5.60% in 29d	intermittent70	—	100+	7%	$1.49M	16%	B
14	[ Systemic Strategies ] ♾️ HyperGrowth ♾️0xd6e56265…5b42	Hyperliquid	Hyperliquid	USDC	Systemic Strategies0x2b804617…6f4b	likely	Claude Opus	B	$6.26M	197.8%never at scale	40.4%	2.57	111%	2,224%	8.0×	trading	1.1y	implausible-8.57% in 27d	consistent90	—	100+	10%	-$3.59M	31%	B
15	BredoStrategy0x654016a8…f7b7	Hyperliquid	Hyperliquid	USDC	BredoStrategy0xf5f569a7…0336	likely	no model declared	—	$5.79M	170.2%140.3% at scale	60.4%	1.95	145%	24%	4.8×	trading	233d	implausible50.38% in 29d	consistent94	—	100+	9%	$330.8k	21%	B
16	HLP Strategy A0x010461c1…703a	Hyperliquid	Hyperliquid	USDC	HLP0xdfc24b07…f303	likely	no model declared	—	$3.19M	99.1%120.7% at scale	88.6%	0.98	104%	5,138%	20.0×	trading	3.4y	too new	consistent93	—	1	100%	$0.00	53%	B
17	HLP Strategy B0x31ca8395…974b	Hyperliquid	Hyperliquid	USDC	HLP0xdfc24b07…f303	likely	no model declared	—	$3.00M	—	—	—	—	4,428%	20.0×	losing	3.4y	implausible-8.90% in 29d	consistent93	—	1	100%	$245.3k	52%	B
18	Veda · GGVeb3983f1-0…69ce	Veda	Ethereum	GGV	Veda	unknown	no model declared	—	$2.90M	-1.0%never at scale	1.0%	—	—	—	—	—	148d	implausible24.36% in 29d	erratic33	Timelock	—	—	-$394.7k	24%	C
19	Long HYPE & BTC \| Short Garbage0xac26cf5f…a9c7	Hyperliquid	Hyperliquid	USDC	Long HYPE & BTC0xa380444a…d939	unknown	no model declared	—	$2.57M	707.6%122.5% at scale	50.2%	3.39	157%	78%	14.0×	trading	1.5y	rewards unread-1.45% in 29d	intermittent78	—	100+	51%	-$25.0k	41%	B
20	Bitcoin Moving Average Long/Short0xb1505ad1…4768	Hyperliquid	Hyperliquid	USDC	Bitcoin Moving Average Long Short0x1fa1b4c4…1d08	unknown	no model declared	—	$2.42M	-27.6%never at scale	40.9%	-0.10	67%	36%	20.0×	losing	1.0y	rewards unread20.08% in 27d	intermittent64	—	100+	9%	$35.2k	29%	B
21	FC Genesis - Quantum0xa6a34f0b…5e40	Hyperliquid	Hyperliquid	USDC	FC Genesis0x3d32e286…cfec	likely	no model declared	—	$2.25M	-23.4%-13.1% at scale	24.2%	-1.23	14%	100%	1.0×	trading	1.1y	rewards unread3.21% in 27d	intermittent84	—	75	43%	$48.5k	30%	B
22	Enjoyooor V30x7178cc2d…0854	Hyperliquid	Hyperliquid	USDC	Enjoyooor0x83046ec0…42b9	likely	no model declared	—	$2.05M	99.7%50.1% at scale	49.7%	1.77	139%	62%	9.7×	trading	170d	rewards unread24.36% in 30d	intermittent78	—	17	20%	$163.2k	19%	B
23	dYdX MegaVaultmegavault	dYdX	Dydx	—	—	unknown	no model declared	—	$1.77M	2.5%never at scale	0.1%	—	0.5%	—	—	—	119d	no quote0.69% in 30d	consistent97	—	—	—	—	33%	B
24	Black Ops0x49a64893…77ae	Hyperliquid	Hyperliquid	USDC	Black Ops0x970ed103…943c	likely	no model declared	—	$1.58M	8.8%20.6% at scale	25.9%	0.45	42%	56%	3.0×	trading	275d	rewards unread9.36% in 29d	consistent89	—	100+	17%	$40.9k	24%	B
25	Long LINK Short XRP0x73ce82fb…8ce9	Hyperliquid	Hyperliquid	USDC	Long LINK Short XRP0xe2823659…df29	unknown	no model declared	—	$1.48M	—	—	—	—	23%	5.0×	trading	1.2y	no series	intermittent72	—	100+	95%	-$374.3k	35%	B

1–25 of 28 vaultsShow