Reports from the Agent Economy

Analysis generated from our live index of every ERC-8004 agent we can see on Base and Ethereum. Numbers are pulled live; nothing here is hand-curated.

Most ERC-8004 Agents Are Placeholders. Here's the Small Slice That's Actually Live.

Our own index of roughly 95,000 ERC-8004 agents on Base, Ethereum, and BNB Chain. Only a few thousand actually answer a request. Per-chain registered-vs-live figures pulled live from our public stats endpoint, with independent research (arXiv:2606.26028) corroborating the shape. Why the registry counts are the wrong number to shop by, and what a real trust filter looks like.

Mapping an ERC-8004 Agent's Relationships On-Chain.

A worked example on agent base/19353: what the free per-agent profile answers, what the free 200-node graph teaser shows, and what the paid /v1/intel/peers/{agent_id} and /v1/intel/graph endpoints add — the ten closest peer agents by capability overlap, and the full inter-agent payment network in one call.

How to Verify an ERC-8004 Agent Before You Trust It.

The six on-chain and off-chain signals that separate a real, usable ERC-8004 AI agent from a paper registration — identity, ReputationRegistry feedback (Sybil-adjusted), x402 and settlement history, cross-chain presence, and live reachability. Vendor-neutral checklist you can apply on any chain.

Commerce-Backed Reputation — the got-paid signal vs self-reported endorsements.

The small cohort of ERC-8004 agents whose ReputationRegistry rows tie back to real, paid on-chain jobs (ERC-8183 / Virtuals ACP) — set alongside the total registered set and the raw feedback-event count so the shape of the gap is legible. The one trust signal a bulk-mint farm cannot cheaply produce.

Coverage, Churn, and the Readiness Gate.

Five weeks on: the index is bigger, the BNB coverage moat has widened, and almost none of Report 01's headline agents are still Transact-ready. What the current readiness distribution tells us about which agents actually work.

We Indexed Nearly 20,000 Live MCP Tools. Here's What AI Agents Are Actually Building.

The inaugural census of the ERC-8004 agent economy — the MCP and OpenAPI capability layers, owner identity, the factory-cluster long tail, and what reachability tells us about which agents actually matter.