Yesterday an AI agent deployed a prediction market on Gnosis; other agents will price it, bet on it, and resolve it. The calibration data behind LLM forecasters, the FPMM math they trade against, and what breaks when the marginal bettor is a model.
zkML, optimistic, TEE, FHE all prove the computation. Restaking takes the other road: bond it and slash liars. We do the cost-of-corruption math behind EigenLayer's $18B AI-AVS security, the overloading attack that breaks it, and the probabilistic-audit tax.
ERC-8004's agent registries went live in January. We read them straight off the chain: ~90,000 registrations across Ethereum and Base, a $0.003 ERC-4337 registration dissected — and a reputation registry already farmed with vouch spam.
zkML costs 1000x, optimistic schemes cost a challenge window. Hardware attestation verifies AI inference at under 7% overhead and ~$0.26 on-chain — if you're willing to trust Intel. Part 3 weighs the third leg of verifiable inference.
Intent-based DEXes don't route your trade — they auction it. Solvers compete as autonomous optimizers to settle a batch at one clearing price. Inside CoW Protocol's contract, the optimization problem, and the metaheuristic solvers now winning it.
An autonomous agent can't sign up for an API key or swipe a credit card. x402 revives HTTP 402 and settles in gasless USDC — here's the EIP-3009 handshake, the facilitator trust model, and where prompt injection breaks it.
We pulled a live x402 settlement off Base: a $0.013 USDC transfer relayed by a facilitator wallet with a nonce past 1.7 million, at an 11% gas-to-value ratio. What on-chain evidence and 100M transactions actually say about the agent economy.
An agent hits an API, gets HTTP 402, signs a stablecoin authorization, and a facilitator settles it on-chain for a fraction of a cent. We trace one real payment on Base down to the gas — and where the trust actually sits.
The gradients never touch the chain. What Solana actually stores when Psyche trains a 36B model across 24 nodes, how TOPLOC audits untrusted GPUs in 258 bytes, and why the flagship 'decentralized' model still shipped from a 512-GPU cluster.
Bittensor let AMM prices decide which AI subnets earn 3,600 TAO a day — until a memecoin subnet gamed the formula. Inside the TaoFlow upgrade: the constant-product math that got exploited, the EMA flow accounting that replaced it, and why refundable manipulation is the design smell to hunt for.
FHE left the lab: confidential ERC-7984 tokens settle on Ethereum for ~$0.09 in gas, with 48,000 transfers since December. We dissect a live encrypted transaction, the 13-node MPC committee underneath, and why encrypted inference is still 11 seconds per token.
Render just voted to route 60,000 Salad GPUs' payments through a token burn; Akash auctions its 234 GPUs per-block on-chain. Two opposed pricing mechanisms, live H100 quotes, and the burn-vs-emission math the equilibrium story skips.