The first settlement-graph reading: 14,732 catalogued x402 listings and 349 chain-tracked sellers, decomposed into what is real demand, what it costs, what it buys, and who is actually behind the storefronts.
Split the catalogue's 14,732 listings by their own 30-day counters and the demand story separates from the noise story.
"Called exactly once" is consistent with two documented mechanisms that are not customers: the registry's own entry requirement (one successful paid call, which the operator can make themselves) and catalogue scanners. "Calls = payers" — every call from a different wallet, none returning — is the scanner signature at larger n.
Takeaway: only ~39% of the catalogue shows any repeat use, and even that tier needs a loop filter (see §3) before it reads as customers. Every "N services" headline you've seen counts the other 61% too.
Take only the repeat-demand tier and ask what those 283,526 calls paid per call.
4,515 further calls sit on listings with no parseable price. Single series; bars share one scale.
Takeaway: 81% of repeat-demand volume clears at ≤$0.01 a call. Agents (and the humans wiring them) buy cheap, frequent, retryable calls — the demand curve a $5 endpoint never sees. Price above a cent and you are selling into the thin right tail.
Top repeat-demand endpoints by 30-day calls. The payers column is the filter: tens of thousands of calls from one wallet is a machine loop (often the operator's own), not a customer base. Categories are our annotation.
| host | category | price | calls/30d | payers | read |
|---|---|---|---|---|---|
| agents.chain.link ×2 | oracle | $0.002–0.01 | 52,392 | 2 | loop — one payer per endpoint |
| x402.twit.sh | social data | $0.006 | 34,372 | 30 | heavy use, modest base |
| stableenrich.dev ×4 | enrichment | $0.002–0.28 | 26,017 | 76–242 | broadest real base on the rail |
| x402.tavily.com | web search | $0.01 | 6,456 | 186 | real customers |
| stabletravel.dev | travel data | $0.02 | 6,670 | 7 | few payers, high frequency |
| glim.sh solana | live web data | $0.005 | 4,008 | 15 | Solana-side demand exists |
| api.exa.ai | web search | $0.007 | 3,660 | 94 | real customers |
| blockrun.ai ×2 | LLM routing | $0.003–0.011 | 4,506 | 26–42 | infra spend |
| api.nansen.ai | on-chain analytics | $0.01 | 1,503 | 41 | agents already pay for analytics |
| kronossignals.com | trading signals | $0.02 | 2,264 | 17 | — |
| api.loyalspark.online | rewards | $0.001 | 1,515 | 75 | wide, penny-priced |
| google-trends.use.x402atlas.com | trends | $0.05 | 1,252 | 7 | — |
Buyer counts and settled USD are the venue's own aggregates; median across all 349 tracked sellers is 10 unique buyers. Note the decoupling: OneSource has 1,780 buyers and $91; BlockRun has 605 buyers and $192K.
Takeaway: paying agents buy retrieval (search, enrichment, live web), infrastructure (RPC, LLM routing, payments), and market data — micro-priced, high-frequency. And the strongest external validation this product could ask for: Nansen sells on-chain analytics per-call over x402 and 41 distinct wallets pay for it.
| payout wallet | hosts | calls/30d | sample storefront |
|---|---|---|---|
| 0x50ab2018…12fc | 77 | 1,794 | *.theaslangroupllc.com constellation |
| 0x52ab5391…6c06 | 66 | 798 | *.lonestaroracle.xyz |
| 0x2880edff…4e5e | 46 | 537 | *.halowerk.com + others |
| 0x6e8b6463…4e2e | 40 | 80 | *.api.klymax402.com |
| 0xe9740820…2f08 | 27 | 108 | *.underscoredone.com |
Takeaway: wallet identity folds storefronts into operators — arithmetic no host-keyed census performs. Concentration reads the same way: the top 10 wallets carry 61.7% of all 294,044 catalogued 30-day calls. (Hedge, stated: a shared or custodial payout address would bias the operator count the other way; nothing in the capture rules it out.)
Takeaway: by the chain-tracker's own attribution, Solana-side sellers carry roughly 29% of tracked settled volume, on different facilitators (payAI, Figment, Dexter — not Coinbase). Any analytics product that reads only Base is publishing numbers with a ~third-sized hole; any seller ignoring Solana is ignoring a real, smaller, less crowded demand pool.
Sources: CDP Bazaar discovery registry capture 2026-08-27 (14,732 listings; per-listing payTo projected from the first accepts[] entry only — 40.5% of listings carry more than one rail, whose alternate wallets are invisible here) and x402scan seller census 2026-08-24 (349 sellers; settled USD is a per-seller aggregate — a seller matched on any wallet counts whole, a $197K ambiguity band dominated by one dual-chain row). Venue counters (calls, payers, buyers, USD) are quoted as published, with their capture dates; cross-instrument comparisons span 3 days. Repeat tier = calls > 1 and calls ≠ payers. All computation offline over dated captures; no keys, no payments; the operator's own wallets are excluded from every claim of demand. Every number here is reproducible from the two public sources.