⌘K

Live evidencecounted 20m 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 3,253 vaults$1.95Bsitting in vaults and not lent out$11.27Bunder 3,677 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, 16% of them451operators identified behind them26networks where we read capital, from Ethereum to Cardano31,363,924deposits 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+0.03/ 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 3,253 vaults$1.95Bsitting in vaults and not lent out$11.27Bunder 3,677 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, 16% of them451operators identified behind them26networks where we read capital, from Ethereum to Cardano31,363,924deposits 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+0.03/ 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 3,677 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%
2631 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: 11,266,496,117.584 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%
2612 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: 11,266,496,117.584 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×

Rhova - Market Maker defesa( hedge)

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

38 of 400 shownClear filtersCounts are of all 400 vaults, not of the current selection.

Machine-managed only10 of 38 identified as machine-managed

Download CSV, part of Analyst

#																Earning from
1	Adpend USDC0x55555815…5555	Morpho	Ethereum	USDC	—	unknown	no model declared	—	$493.79M	206.9%never at scale	0.0%	—	11%	—	—	—	51d	implausible92.22% in 30d	consistent87	Alone	—	—	$0.00	14%	B
2	Sentora RLUSD Main0x6dC58a0F…E6bf	Morpho Vaults V2	Ethereum	RLUSD	Sentora	likely	no model declared	—	$458.08M	0.1%over 8d onlynever at scale	0.0%	—	—	—	—	—	8d	2.84%of3.23%from 0.23% in 30d	consistent100	Alone	—	—	$61.99M	2%	B
3	Paypal USD Main0xb576765f…9FB2	Morpho Vaults V2	Ethereum	PYUSD	Sentora	likely	no model declared	—	$408.94M	0.1%over 8d onlynever at scale	0.0%	—	—	—	—	—	8d	2.90%of2.51%from 0.24% in 30d	consistent100	Alone	—	—	$24.48M	2%	B
4	1337 USDC0x94643e86…96c1	Morpho	Ethereum	USDC	—	unknown	no model declared	—	$263.24M	207.6%never at scale	0.0%	—	11%	—	—	—	51d	implausible92.39% in 30d	consistent87	Alone	—	—	-under $0.01	14%	B
5	Sentora PRIME Main0xC21b08C1…8BbD	Morpho Vaults V2	Ethereum	PYUSD	Sentora	likely	no model declared	—	$216.03M	0.1%over 8d onlynever at scale	0.0%	—	—	—	—	—	8d	3.65%of3.66%from 0.30% in 30d	consistent100	Alone	—	—	$18.27M	2%	B
6	Galaxy USDC0x8E357432…12AF	Morpho Vaults V2	Arc	USDC	Galaxy Curation	unknown	no model declared	—	$89.71M	<0.1%over 8d onlynever at scale	0.0%	—	—	—	—	—	8d	0.31%of1.61%from 0.03% in 30d	consistent100	Alone	—	—	$89.68M	2%	B
7	Keyrock Prime USDC0x5bEfAb92…3123	Morpho Vaults V2	Arc	USDC	Keyrock	unknown	no model declared	—	$75.01M	<0.1%over 8d onlynever at scale	0.0%	—	—	—	—	—	8d	0.32%of1.60%from 0.03% in 30d	consistent100	Alone	—	—	$74.98M	2%	B
8	Sentora Huma PST Main0x8381a156…75D9	Morpho Vaults V2	Ethereum	PYUSD	Sentora	unknown	no model declared	—	$73.95M	0.1%over 8d onlynever at scale	0.0%	—	—	—	—	—	8d	4.99%of5.35%from 0.41% in 30d	consistent100	Alone	—	—	$35.07M	2%	B
9	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
10	Flowdesk Confidential High Yield USDT0xb48C056C…Bd7e	Morpho Vaults V2	Ethereum	USDT	Flowdesk	unknown	no model declared	—	$22.52M	0.1%over 8d onlynever at scale	0.0%	—	—	—	—	—	8d	3.88%of4.06%from 0.28% in 27d	consistent100	Alone	—	—	$22.49M	2%	B
11	Sentora mWIN Main0x7cBcfc4F…6B57	Morpho Vaults V2	Ethereum	PYUSD	Sentora	likely	no model declared	—	$22.48M	<0.1%over 8d onlynever at scale	0.0%	—	—	—	—	—	8d	1.18%of0.89%from 0.10% in 30d	consistent100	Alone	—	—	-$4.72M	2%	B
12	Bitwise Premium RWA AUSD0xB344e331…c418	Morpho Vaults V2	Ethereum	AUSD	Bitwise	likely	no model declared	—	$17.29M	0.1%over 8d onlynever at scale	0.0%	—	—	—	—	—	8d	4.41%of4.17%from 0.36% in 30d	consistent100	Alone	—	—	-$68.3k	2%	B
13	Galaxy USDT Quality0x71ffB6a8…878d	Morpho Vaults V2	Ethereum	USDT	Galaxy Curation	likely	no model declared	—	$10.77M	0.1%over 8d onlynever at scale	0.0%	—	—	—	—	—	8d	3.42%of2.52%from 0.28% in 30d	consistent100	Alone	—	—	-$12.26M	2%	B
14	Galaxy USDC Quality ethereum0x91600E31…e7d8	Morpho Vaults V2	Ethereum	USDC	Galaxy Curation	likely	no model declared	—	$10.17M	0.1%over 8d onlynever at scale	0.0%	—	—	—	—	—	8d	4.40%of4.25%from 0.36% in 30d	consistent100	Alone	—	—	-$11.98M	2%	B
15	Galaxy USDC Enhanced0xd95fE7ad…8D96	Morpho Vaults V2	Ethereum	USDC	Galaxy Curation	unknown	no model declared	—	$8.09M	0.1%over 8d onlynever at scale	0.0%	—	—	—	—	—	8d	4.91%of4.60%from 0.40% in 30d	consistent100	Alone	—	—	$4.66	2%	B
16	August USDC V2 monad0x80017bF0…bB59	Morpho Vaults V2	Monad	USDC	August Digital	unknown	no model declared	—	$8.02M	0.1%over 8d onlynever at scale	0.0%	—	—	—	—	—	8d	6.09%of5.33%from 0.50% in 30d	consistent100	Alone	6	—	-$2.61M	2%	B
17	Not Gauntlet0x3014ED70…6522	Morpho	Arbitrum	USDC	—	unknown	no model declared	—	$7.75M	66.0%never at scale	0.0%	—	4.7%	—	—	—	51d	implausible33.23% in 30d	consistent87	Alone	—	—	$0.00	14%	B
18	Keyrock USDC0x04422053…c145	Morpho Vaults V2	Ethereum	USDC	Keyrock	unknown	no model declared	—	$7.41M	0.1%over 8d onlynever at scale	0.0%	—	—	—	—	—	8d	5.74%of5.98%from 0.47% in 30d	consistent100	Alone	—	—	$650.6k	2%	B
19	Utorg USD Yield0xE48fc1A3…E02c	Morpho Vaults V2	Ethereum	USDC	—	unknown	no model declared	—	$7.15M	0.2%over 8d onlynever at scale	0.0%	—	—	—	—	—	8d	7.05%of6.52%from 0.58% in 30d	consistent100	Alone	—	—	$4.83M	2%	B
20	SharpByte AUSD Tori Ecosystem0x790e4f82…5B6c	Morpho Vaults V2	Monad	AUSD	SharpByte	unknown	no model declared	—	$5.33M	0.2%over 8d onlynever at scale	0.0%	—	—	—	—	—	8d	3.92%of4.21%from 0.30% in 28d	consistent100	Alone	—	—	$5.25M	2%	B
21	Aerie x Plume USDC Core0x5E2339BC…4f83	Morpho Vaults V2	Ethereum	USDC	—	unknown	no model declared	—	$5.28M	0.1%over 8d onlynever at scale	0.0%	—	—	—	—	—	8d	3.61%of3.32%from 0.29% in 30d	consistent100	Alone	—	—	$4.27M	2%	B
22	Splits Earn USDC0x189A1a23…3C8F	Morpho Vaults V2	Base	USDC	—	unknown	no model declared	—	$4.70M	0.1%over 8d onlynever at scale	0.0%	—	—	—	—	—	8d	3.42%of3.50%from 0.28% in 30d	consistent100	Alone	—	—	$3.19M	2%	B
23	Flowdesk AUSD RWA Strategy0x32401B9f…2F0C	Morpho Vaults V2	Ethereum	AUSD	Flowdesk	likely	no model declared	—	$4.03M	0.2%over 8d onlynever at scale	0.0%	—	—	—	—	—	8d	5.92%of7.02%from 0.48% in 30d	consistent100	Alone	—	—	-$2.16M	2%	B
24	Presto USDC Forte0x68A65f31…48E1	Morpho Vaults V2	Ethereum	USDC	Presto	unknown	no model declared	—	$4.03M	0.1%over 8d onlynever at scale	0.0%	—	—	—	—	—	8d	4.13%of4.42%from 0.34% in 30d	consistent100	Alone	—	—	$1.00M	2%	B
25	Galaxy WETH Quality0x18788057…824F	Morpho Vaults V2	Ethereum	WETH	Galaxy Curation	unknown	no model declared	—	$3.98M	0.1%over 8d onlynever at scale	0.0%	—	—	—	—	—	8d	1.76%of1.31%from 0.14% in 30d	consistent100	Alone	—	—	-$20.56M	2%	B

1–25 of 38 vaultsShow