⌘K

Live evidencecounted 29m ago

0.48days of MEME volume to unwind the crowd99%of the XMR book on one side, across 28 vaults$1.30Bunder one key with no guardian, 52 of the 424 vaults whose control we have read$334.1Mwhose control we have never read, across 3,229 vaults$1.95Bsitting in vaults and not lent out$11.27Bunder 3,653 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 Cardano31,350,034deposits and withdrawals read from chain5changes recorded in the last day588,846ERC-8004 agent registrations read−0.61/ 30 days360,982distinct owners behind those registrations199,780registrations carrying a readable card, 34%3,337,008paid requests on the Olas rail (deliveries are counted apart)−0.67/ 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 read0.48days of MEME volume to unwind the crowd99%of the XMR book on one side, across 28 vaults$1.30Bunder one key with no guardian, 52 of the 424 vaults whose control we have read$334.1Mwhose control we have never read, across 3,229 vaults$1.95Bsitting in vaults and not lent out$11.27Bunder 3,653 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 Cardano31,350,034deposits and withdrawals read from chain5changes recorded in the last day588,846ERC-8004 agent registrations read−0.61/ 30 days360,982distinct owners behind those registrations199,780registrations carrying a readable card, 34%3,337,008paid requests on the Olas rail (deliveries are counted apart)−0.67/ 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

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

None identified as machine-managed0 of 24 identified as machine-managed

Download CSV, part of Analyst

#																Earning from
1	Gauntlet x Lista BNB Vault0x57134a64…e2d0	Lista Lending	BSC	WBNB	Gauntlet	unknown	no model declared	—	$361.71M	<0.1%never at scale	0.0%	—	<0.1%	—	—	—	51d	quotes ~00.00% in 30d	consistent87	Timelock	255	—	-$296.24	14%	B
2	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
3	Gauntlet x Lista USD1 Vault0xfa27f172…e627	Lista Lending	BSC	USD1	Gauntlet	unknown	no model declared	—	$138.22M	0.2%never at scale	0.0%	—	<0.1%	—	—	—	51d	1.22%of1.23%from 0.10% in 30d	consistent87	Timelock	17,944	—	-$9.1k	14%	B
4	LisUSD Vault0xe03d86e5…6529	Lista Lending	BSC	lisusd	Lista DAO	unknown	no model declared	—	$58.14M	0.2%never at scale	0.0%	—	<0.1%	—	—	—	51d	1.47%of1.98%from 0.12% in 30d	consistent87	Timelock	2	—	$29.85M	14%	B
5	Gauntlet x Lista U Vault0x9a17fd5c…a759	Lista Lending	BSC	U	Gauntlet	unknown	no model declared	—	$44.95M	0.2%never at scale	0.0%	—	<0.1%	—	—	—	51d	1.36%of1.49%from 0.11% in 30d	consistent87	Timelock	8,806	—	-$5.03M	14%	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	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
8	Ember Protocol · USDC ethereum · fee0744ae1f481-a…0594	Ember Protocol	Ethereum	USDC	Ember Protocol	unknown	no model declared	—	$17.78M	0.1%over 8d onlynever at scale	0.0%	—	—	—	—	—	8d	10.98%of7.07%from 0.90% in 30d	consistent87	Timelock	17	—	$0.00	2%	C
9	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
10	EVK Vault eaHyperBTC-10xfee7fd5d…4ce5	Euler	Monad	aHyperBTC	0xde90…b9a80xde9014ce…b9a8	unknown	no model declared	—	$8.94M	0.0%never at scale	0.0%	—	0.0%	—	—	—	51d	fixed 1:1	consistent87	Timelock	17	—	$5.61M	14%	D
11	Lista WETH Savings Vault0x2e3bbd03…e7e8	Lista Lending	Ethereum	WETH	Lista DAO	unknown	no model declared	—	$7.47M	0.1%never at scale	0.0%	—	<0.1%	—	—	—	51d	quotes ~00.03% in 30d	consistent87	Timelock	58	—	$108.6k	14%	B
12	EVK Vault ecbBTC-40x19ce855d…1fbb	Euler	Monad	cbBTC	0xde90…b9a80xde9014ce…b9a8	unknown	no model declared	—	$6.61M	0.1%never at scale	0.0%	—	<0.1%	—	—	—	51d	no quote0.11% in 30d	consistent87	Timelock	5	—	$4.51M	14%	D
13	Lista XAUT Vault0x4109415d…6d6f	Lista Lending	BSC	XAUt	Lista DAO	unknown	no model declared	—	$6.10M	0.4%never at scale	0.0%	—	0.2%	—	—	—	51d	1.41%of2.11%from 0.12% in 30d	consistent87	Timelock	109	—	-$208.0k	14%	B
14	Ember Protocol · USDC ethereum · be8cbe99989c4e-c…cd34	Ember Protocol	Ethereum	USDC	Ember Protocol	unknown	no model declared	—	$5.75M	0.2%over 8d onlynever at scale	0.1%	—	—	—	—	—	8d	10.36%of8.69%from 0.85% in 30d	consistent87	Timelock	28	—	$0.00	2%	C
15	Lista USDC Savings Vault0x9651ae50…cab2	Lista Lending	Ethereum	USDC	Lista DAO	unknown	no model declared	—	$4.35M	0.1%never at scale	0.0%	—	0.1%	—	—	—	51d	0.82%of1.21%from 0.07% in 30d	consistent87	Timelock	74	—	-$689.5k	14%	B
16	Lista USDT Savings Vault0x28643ffd…cf12	Lista Lending	Ethereum	USDT	Lista DAO	unknown	no model declared	—	$3.84M	0.1%never at scale	0.0%	—	<0.1%	—	—	—	51d	0.39%of1.35%from 0.03% in 30d	consistent87	Timelock	43	—	$545.6k	14%	B
17	Ember Protocol · USDC ethereum · 2cafa2ea75fef6-f…f767	Ember Protocol	Ethereum	USDC	Ember Protocol	unknown	no model declared	—	$3.71M	0.2%over 8d onlynever at scale	0.0%	—	—	—	—	—	8d	9.82%of9.51%from 0.80% in 30d	consistent87	Timelock	91	—	$0.00	2%	C
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	Gauntlet USDT Vault0x6d6783c1…2525	Lista Lending	BSC	USDT	Gauntlet	unknown	no model declared	—	$2.90M	0.4%never at scale	0.0%	—	0.1%	—	—	—	51d	3.39%of7.12%from 0.28% in 30d	consistent87	Timelock	247	—	$226.8k	14%	B
20	Ember Protocol · USDC ethereum · 76fc4cd85a7f5f-3…a5e9	Ember Protocol	Ethereum	USDC	Ember Protocol	unknown	no model declared	—	$2.63M	0.2%over 8d onlynever at scale	0.0%	—	—	—	—	—	8d	13.10%of12.90%from 1.07% in 30d	consistent87	Timelock	628	—	$0.00	2%	C
21	Ember Protocol · USDC ethereum · 48c938fb934d2b-3…ad19	Ember Protocol	Ethereum	USDC	Ember Protocol	unknown	no model declared	—	$2.04M	0.1%over 8d onlynever at scale	0.0%	—	—	—	—	—	8d	4.51%of4.33%from 0.37% in 30d	consistent87	Timelock	3	—	$0.00	2%	C
22	Ember Protocol · USDC ethereum · 899d26aeb848ea-1…92ac	Ember Protocol	Ethereum	USDC	Ember Protocol	unknown	no model declared	—	$1.64M	0.0%over 8d onlynever at scale	0.0%	—	—	—	—	—	8d	flat0.00% in 30d	consistent87	Timelock	15	—	$0.00	2%	C
23	Pangolins USDT Vault0xeb4f6ffb…ba33	Lista Lending	BSC	USDT	Pangolins	unknown	no model declared	—	$1.31M	0.3%never at scale	0.0%	—	0.1%	—	—	—	51d	3.14%of2.53%from 0.26% in 30d	consistent87	Timelock	1,148	—	-$1.44M	14%	B
24	RockawayX PT Yield0xb5a30e1f…5dd2	Lista Lending	BSC	USDT	RockawayX	unknown	no model declared	—	$1.16M	0.8%never at scale	0.0%	—	0.1%	—	—	—	51d	5.92%of5.20%from 0.49% in 30d	consistent87	Timelock	274	—	-$1.44M	14%	B

the largest 24 of 3,654 vaults