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.
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.
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.
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.
The Elliptic benchmark made GNNs the default for on-chain AML. A 2026 leakage-free re-evaluation flips the script: random forests win by 13 F1 points, randomly rewired edges beat the real graph, and every model falls off a cliff at time step 43.
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.
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.
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.
Story raised $140M to make IP programmable for the AI era. We read its chain: 6.46M registered IP assets, 230,300 licenses ever minted, one week of royalties totaling $10 — plus the LAP/LRP royalty math and the precompile at 0x0101 that computes the graph.
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.
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.
An agent holding your raw key is one prompt injection from total loss — and 97% of early EIP-7702 delegations went to drainer sweepers. We read the sweeper's source off the chain, dissect a real 35.97-USDC-a-day spend permission on Base, and do the blast-radius math.