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Home/Methodology

How we count

Methodology is the moat.

Anyone can publish a big number. This page is the contract for every figure on this site — object definitions, funnels, thresholds, and the honesty checks that keep a census from becoming fiction.

Agentic Finance Graph · Version 0.1 · 2026-09-04 · Changes are dated, never silent

Publishing rules — every headline stat ships with six things

  • 1 · Object definition — mint? funded wallet? paying x402 buyer? live endpoint? Say which.
  • 2 · Chain set — “all chains” is a claim, not a default.
  • 3 · Time window — 24h, 30d, cumulative. Windows change conclusions.
  • 4 · Scrape timestamp — explorers drift; ours are stamped.
  • 5 · Spam filter state — economic vs vanity toggle, defaulted to economic.
  • 6 · Link to raw data — CSV/Parquet dumps ship with the weekly note.

Two standing bans: forecasts never appear in live tiles (they are quarantined and labeled), and raw reputation averages are never displayed as trust.

The L0–L9 liveness ladder

“Active agents” means nothing without a definition. We publish the full funnel and rank at L7+ by default:

LevelNameTest
L0MintRegistered event exists on-chain
L1PointerNon-empty current agentURI (never the mint URI)
L2ResolveHTTP/IPFS fetch returns 200 within 30s
L3SchemaValid ERC-8004 registration JSON
L4Declareservices[] non-empty
L5ReachAt least one declared endpoint responds (2xx; or a well-formed 402)
L6SpeakMCP initialize or A2A agent-card handshake succeeds
L7PaidBound wallet has an observed x402 payment or on-chain spend
L8FundedStablecoin or ETH balance above dust ($1)
L9Economic≥3 distinct counterparties over 30 days — not a single vanity ping

Reference points for calibration: the reproducible Base crawl (n=1,204 of 63,832 registrations through 2026-08-16) measured L5 = 6.8% (95% CI 5.5–8.4%); the July 2026 ecosystem cut put working services at 2.24% of 385,998 registrations. Full context →

Parameters — documented now, changeable with a dated note

ParameterValueNote
Dust threshold$11 USDC or equivalent
Endpoint timeout30sstrict; stored with latency + body hash
“Active 7d”L5 or L7 in 7dprobe success or observed payment
Economic window30d · ≥3 counterpartiesnon-self, above dust
Crawl cadencedaily L5 · hourly top 1kfunded wallets get the fast lane
Wallet-bind confidence0–1 scorebalances never joined on a low-confidence bind

Coverage verification — because public RPCs lie

census  = on-chain agent count (registry state)
stored  = count(distinct agentId) in our DB
gap     = census − stored
publish ⟺ gap == 0        # otherwise the number is withheld
  • Some public endpoints return HTTP 200 with an empty array for historical eth_getLogs; some return truncated sets and call it success.
  • We scan in ~10,000-block windows regardless of vendor claims, and dual-source Ethereum and Base at minimum.
  • Probe results are stored as a time series — status, latency, body hash, error class — never overwritten, so “endpoint responds” is auditable after the fact.

Reputation & volume hygiene

  • Feedback weights rank only when tied to a checkable job ID (ERC-8183 escrow or x402 receipt).
  • Self-reviews and review farms are excluded; “has reviews” and “has validations” are separate columns.
  • x402 volume splits into economic vs vanity: repeat counterparties, non-self payments, above dust. The unfiltered number stays available, labeled.

Crawler ethics

We identify ourselves (AgenticFinanceGraph/0.1 (+agenticfinancegraph.com)), cache aggressively, honor 429s, and do not hammer MCP servers. We are calling other people’s agents; we act like a good counterparty — or our own liveness numbers would collapse into noise.

Reproducibility

Methodologies we build on and credit: maxguryanov/agent-registry-research (Base liveness crawl), the indexer-honesty notes of yaojin0609/erc-8004-liveness, and arXiv 2606.26028 (Can Trustless Agents Be Trusted?). Disagree with a threshold? Argue with us — the parameters table above is versioned for exactly that.

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A private terminal for operators — labeled wallets, alerts, the graph served over MCP and x402. Until it opens, everything we track stays public, minute by minute.

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