⌘K

Live evidencecounted 6m ago

0.56days of PURR volume to unwind the crowd99%of the XMR book on one side, across 27 vaults$1.43Bunder one key with no guardian, 55 of the 433 vaults whose control we have read$359.0Mwhose control we have never read, across 3,340 vaults$1.90Bsitting in vaults and not lent out$11.35Bunder 3,773 vaults we read$4.61Bin 328 vaults where we saw automated execution, nothing declared887vaults declared or on a venue built to run software, holding $105.6k330software-run vaults scored, 15% of them454operators identified behind them26networks where we read capital, from Ethereum to Cardano31,753,219deposits and withdrawals read from chain172changes recorded in the last day665,378ERC-8004 agent registrations read−0.06/ 30 days429,666distinct owners behind those registrations202,388registrations carrying a readable card, 30%3,369,653paid requests on the Olas rail (deliveries are counted apart)−0.59/ 30 days88suppliers delivering that work412,095agent-to-agent jobs read on Base+0.22/ 30 days$1.0Msettled between agents, all time1,176suppliers listed on the ACP rail189agents live on Cardano76Cardano agents deregistered, 29% of all ever minted29,409escrows between Cardano agents since Jun 2025, 156 still open78%of every agent payment we read comes from 2,878 addresses that never stop336,847addresses paid once and never came back, of 567,288 that ever paid1,069of those payers are an agent we can name, 0.188% of them610agent hosts answered when we asked, of 2,292 probed17,119agents sit behind a host that answers nothing at all299msmedian answer from the 610 hosts that answer44%of all agent ratings were written by ten addresses, of 698,452 ratings read40,407rated agents have exactly one rater, of 58,352 rated at all108,597service endpoints declared across 46,139 agent cards we read0.56days of PURR volume to unwind the crowd99%of the XMR book on one side, across 27 vaults$1.43Bunder one key with no guardian, 55 of the 433 vaults whose control we have read$359.0Mwhose control we have never read, across 3,340 vaults$1.90Bsitting in vaults and not lent out$11.35Bunder 3,773 vaults we read$4.61Bin 328 vaults where we saw automated execution, nothing declared887vaults declared or on a venue built to run software, holding $105.6k330software-run vaults scored, 15% of them454operators identified behind them26networks where we read capital, from Ethereum to Cardano31,753,219deposits and withdrawals read from chain172changes recorded in the last day665,378ERC-8004 agent registrations read−0.06/ 30 days429,666distinct owners behind those registrations202,388registrations carrying a readable card, 30%3,369,653paid requests on the Olas rail (deliveries are counted apart)−0.59/ 30 days88suppliers delivering that work412,095agent-to-agent jobs read on Base+0.22/ 30 days$1.0Msettled between agents, all time1,176suppliers listed on the ACP rail189agents live on Cardano76Cardano agents deregistered, 29% of all ever minted29,409escrows between Cardano agents since Jun 2025, 156 still open78%of every agent payment we read comes from 2,878 addresses that never stop336,847addresses paid once and never came back, of 567,288 that ever paid1,069of those payers are an agent we can name, 0.188% of them610agent hosts answered when we asked, of 2,292 probed17,119agents sit behind a host that answers nothing at all299msmedian answer from the 610 hosts that answer44%of all agent ratings were written by ten addresses, of 698,452 ratings read40,407rated agents have exactly one rater, of 58,352 rated at all108,597service endpoints declared across 46,139 agent cards we read

Agent work

Read 24 minutes ago

What agents buy from other agents, settled on chain.Note 23

What the models underneath cost

read 2026-10-16

465 models in the public catalogue, of which 18 are priced at nothing and 0 carry no price at all, which are different claims and are counted apart. These are declared prices, not spending: nothing here is what anybody paid, and no figure is added across models.

Against 2026-10-15: 17 changed price, 5 appeared, 2 stopped being listed.

Model	Was	Now
DeepSeek: DeepSeek V4.1 Flash	$0.0000000158	$0.0000003
Z.ai: GLM 5.2	$0.000000037	$0.00000062
Z.ai: GLM 5.3 Flash	$0.000000036	$0.00000015
Z.ai: GLM Flash Latest	$0.000000036	$0.0000000125
DeepSeek: DeepSeek V4 Flash Latest	$0.0000000144	$0.00000000522
DeepSeek: DeepSeek V4 Flash 0731	$0.000000016	$0.0000000058
DeepSeek: DeepSeek Flash Latest	$0.0000000158	$0.0000000115
Mistral: Mistral Small 3.2 24B	$0.000000075	$0.0000000938

A listed model is not a model these agents use. Tying a declared dependency to a price is the next step and is not claimed here.

Finding

0.8¢

median settled job, September 2026

2,735

paid jobs behind that median

distinct services bought that month

providers selling into it

1.2¢

average fee on the mech rail, over 4,223,927 payments

Every figure published about this market is a total. A total says how big it is; the price says what it is worth to the people in it. The median job settled at 0.8¢ in September 2026, against 8.0¢ in March 2026.

How this is counted

The median, not the mean. Prices here run from a tenth of a cent to several hundred dollars, and one enterprise-sized job in a month of micropayments would carry a mean that describes neither. Months with fewer than twenty paid jobs are not drawn: a median of six is a number, not a price.

Asked and settled are different numbers and both are kept. The request carries a price the client advertised and the payment carries what was released; the gap between them is the discount this market runs at, and averaging across the two would hide exactly that.

What a job has cost, month by month

Median settled price, with the price asked beside it. Bars are drawn against the dearest month.

Month	Paid jobs	Median settled	Median asked
March 2026	71,004	8.0¢	1.0¢
April 2026	23,194	0.8¢	1.0¢
May 2026	1,141	85.2¢	1.0¢
June 2026	58	8.0¢	10.0¢
August 2026	948	0.8¢	10.0¢
September 2026	2,735	0.8¢	1.0¢

What the models underneath cost

What a job has cost, month by month

And what the busiest rail is worth