{"meta":{"$schema":"https://internet-monetization-index.bench-2fd.workers.dev/schema/imx.v1.json","feed":"imx","version":"1.0","publisher":"Radius Technology Systems","methodology":"https://internet-monetization-index.bench-2fd.workers.dev/methodology","feeds":{"imx":"https://internet-monetization-index.bench-2fd.workers.dev/snapshot.json","psi":"https://internet-monetization-index.bench-2fd.workers.dev/psi.json","rating":"https://internet-monetization-index.bench-2fd.workers.dev/rating.json","psiSeriesCsv":"https://internet-monetization-index.bench-2fd.workers.dev/psi.csv","dashboard":"https://internet-monetization-index.bench-2fd.workers.dev/","methodology":"https://internet-monetization-index.bench-2fd.workers.dev/methodology"},"title":"Internet Monetization Index","description":"A daily index of settled agentic payments (a count, not a dollar value) under Rulebook v1.8: x402 — USD-valued transfers settled by registered facilitators, including payments routed through a facilitator (counted once, at the payee), on EVM chains and Solana — plus MPP payments on Tempo, each net of circular-flow payees. Basket changes chain-link (v1.6 on 2026-11-01, v1.7 on 2026-11-02, v1.8 on 2026-11-03): each print keeps the basket and divisor it was struck on. 7-day trailing average, level relative to the June 2026 average = 1000. x402payments and mpp carry each rail's daily inputs; paymentProfile carries payment size and participating addresses (context). Pay-per-crawl is a context panel, not in the index.","frequency":"hourly snapshot; daily immutable index prints (UTC, struck at T-2)","fields":{"imx.level":"Index level; NULL while imx.status is \"suspended\" (no current determination — see imx.lastValidPrint for reference). imx.baseValue is the AVERAGE level over imx.baseWindow (June 2026), not the level on imx.baseDate, which is only the first day of the series. Measures growth of settled x402 payments, plus MPP payments from the v1.6 chain-link (imx.chainLinks); the denominator cancels out.","paymentProfile":"Context, not the index. Per window ('last30' = trailing 30 complete UTC days, or a calendar month) and rail (x402, mpp, all): payments, USD, approximate median and P90 payment size (USD), and distinct chain-qualified payer and payee ADDRESSES (not people or agents). 'all' is recomputed over both rails, never summed.","mppCatalog":"Context, not the index. Tempo's MPP service catalog (mpp.dev): services, endpoints, categories (a service can have several), payment methods and intents. pricePerRequestUsd covers fixed per-request charge offers in USDC.e or Stripe USD only. A listing count, not demand.","x402list":"Context, not the index. x402 List's own figures (CC-BY-4.0): listed services, and 30-day traction across LISTED services on the networks and facilitators it measures (coverageOfMeasuredFlowPct is of its tracked settlers' flow, not the ecosystem). A third-party floor with its own netting; never sum or divide with IMX.","wikimedia":"Context, not the index. Monthly pageviews across all Wikimedia projects by agent class (user, spider, automated); nonUserPct = spider + automated as a share of the three. Complete months only. A different population from Cloudflare's; never combine with crawl.botTrafficSharePct.","crawl.crawlRefer":"Crawls per recorded referral by AI platform on Cloudflare's network (7 days, window in from/to). Native apps can omit Referer, overstating ratios. Not payments or publisher loss.","x402.totalServices":"Distinct mainnet resource URLs with a priced offer in the Coinbase Bazaar catalog (duplicate rows dropped). A LISTING count, not demand; see x402.hosts for how concentrated it is.","x402.hosts":"Concentration of listed services by hostname (distinct, top-1 and top-10 share, top 5). Hostnames are not firms.","x402.payTo":"Concentration of listed services by payout address, keyed network:address. Addresses are not firms.","x402.priceUsd":"Price per request in USD: exact-scheme offers in a USD stablecoin only, one per service; other schemes and assets are not pooled (x402.priceBasis).","imx.chainLinks":"Rulebook changes that added to the basket: the link date, and the divisor and 7-day numerator before and after. The level on the link date is the same under either basket.","imx.divisor":"Chain-linking divisor mapping the daily numerator to the level. Rescaled on methodology changes so published history never jumps.","imx.changeVsBasePct":"Percent change in level versus imx.baseValue (the base-window average).","imx.changeDoDPct":"Percent change in level day over day.","imx.pumrPerBillion":"Pay-per-Use Monetization Rate: settled payments in the numerator per day per billion estimated internet requests (numerator / denomPerDay x 1e9). Display only; as good as the denominator estimate.","imx.denomPerDay":"Disclosed denominator: estimated internet HTTP requests per day, extrapolated from Cloudflare's published scale (115M req/s, ~20% of the web; read 2026-09-15) = ~49.7T. An order-of-magnitude estimate; it cancels from the level and only scales the displayed rate. METHODOLOGY.md section 6.","imx.asOf":"Date of the latest official (frozen) print: T-2, per the 2-day settlement lag. While suspended, the date of the last VALID print.","imx.status":"\"active\" or \"suspended\". While suspended, imx.suspension carries the reason, the dated notice, and the archive of every print ever struck with its standing.","imx.struckAt":"Timestamp the latest print was frozen into the immutable series."}},"generatedAt":"2026-11-11T17:07:24.957Z","imx":{"level":538.93,"status":"active","baseDate":"2026-05-01","baseValue":1000,"baseWindow":{"start":"2026-06-01","end":"2026-06-30"},"divisor":455.55,"changeVsBasePct":-46.11,"changeDoDPct":0.73,"pumrPerBillion":4.94,"denomPerDay":49680000000000,"history":[{"date":"2026-05-07","level":286.75},{"date":"2026-05-08","level":275.57},{"date":"2026-05-09","level":267.3},{"date":"2026-05-10","level":251.9},{"date":"2026-05-11","level":237.76},{"date":"2026-05-12","level":237.6},{"date":"2026-05-13","level":237.76},{"date":"2026-05-14","level":241.55},{"date":"2026-05-15","level":243.93},{"date":"2026-05-16","level":255.42},{"date":"2026-05-17","level":260.12},{"date":"2026-05-18","level":276.29},{"date":"2026-05-19","level":272.04},{"date":"2026-05-20","level":265.48},{"date":"2026-05-21","level":255.07},{"date":"2026-05-22","level":255.77},{"date":"2026-05-23","level":243.9},{"date":"2026-05-24","level":243.91},{"date":"2026-05-25","level":230.48},{"date":"2026-05-26","level":235.4},{"date":"2026-05-27","level":230.98},{"date":"2026-05-28","level":234.63},{"date":"2026-05-29","level":233.48},{"date":"2026-05-30","level":245.03},{"date":"2026-05-31","level":248.79},{"date":"2026-06-01","level":266.19},{"date":"2026-06-02","level":280.81},{"date":"2026-06-03","level":286.42},{"date":"2026-06-04","level":303.01},{"date":"2026-06-05","level":326.21},{"date":"2026-06-06","level":337.25},{"date":"2026-06-07","level":357.05},{"date":"2026-06-08","level":375.6},{"date":"2026-06-09","level":488.13},{"date":"2026-06-10","level":701.15},{"date":"2026-06-11","level":777.6},{"date":"2026-06-12","level":792.92},{"date":"2026-06-13","level":789.69},{"date":"2026-06-14","level":784.58},{"date":"2026-06-15","level":793.3},{"date":"2026-06-16","level":938.1},{"date":"2026-06-17","level":1046.22},{"date":"2026-06-18","level":1219.62},{"date":"2026-06-19","level":1370.43},{"date":"2026-06-20","level":1478.46},{"date":"2026-06-21","level":1576.28},{"date":"2026-06-22","level":1730.35},{"date":"2026-06-23","level":1568.32},{"date":"2026-06-24","level":1439.44},{"date":"2026-06-25","level":1524.38},{"date":"2026-06-26","level":1620.02},{"date":"2026-06-27","level":1669.48},{"date":"2026-06-28","level":1708.21},{"date":"2026-06-29","level":1743.07},{"date":"2026-06-30","level":1707.86},{"date":"2026-07-01","level":1575.69},{"date":"2026-07-02","level":1258.01},{"date":"2026-07-03","level":1021.94},{"date":"2026-07-04","level":894.39},{"date":"2026-07-05","level":786.74},{"date":"2026-07-06","level":764.4},{"date":"2026-07-07","level":974.12},{"date":"2026-07-08","level":1187.07},{"date":"2026-07-09","level":1448.35},{"date":"2026-07-10","level":1637.35},{"date":"2026-07-11","level":1740.21},{"date":"2026-07-12","level":1848.77},{"date":"2026-07-13","level":2186.38},{"date":"2026-07-14","level":2148.27},{"date":"2026-07-15","level":1923.3},{"date":"2026-07-16","level":1682.25},{"date":"2026-07-17","level":1470.68},{"date":"2026-07-18","level":1360.75},{"date":"2026-07-19","level":1245.2},{"date":"2026-07-20","level":745.05},{"date":"2026-07-21","level":581.07},{"date":"2026-07-22","level":584.66},{"date":"2026-07-23","level":579.85},{"date":"2026-07-24","level":602.08},{"date":"2026-07-25","level":606.76},{"date":"2026-07-26","level":604.49},{"date":"2026-07-27","level":618.1},{"date":"2026-07-28","level":623.89},{"date":"2026-07-29","level":609.12},{"date":"2026-07-30","level":625.8},{"date":"2026-07-31","level":612.01},{"date":"2026-08-01","level":596.39},{"date":"2026-08-02","level":590.03},{"date":"2026-08-03","level":608.85},{"date":"2026-08-04","level":570.29},{"date":"2026-08-05","level":582.61},{"date":"2026-08-06","level":565.55},{"date":"2026-08-07","level":592.18},{"date":"2026-08-08","level":594.2},{"date":"2026-08-09","level":601.93},{"date":"2026-08-10","level":650.4},{"date":"2026-08-11","level":650.19},{"date":"2026-08-12","level":627.47},{"date":"2026-08-13","level":650.69},{"date":"2026-08-14","level":695.34},{"date":"2026-08-15","level":803.85},{"date":"2026-08-16","level":947.18},{"date":"2026-08-17","level":1279.61},{"date":"2026-08-18","level":1682.82},{"date":"2026-08-19","level":1833.98},{"date":"2026-08-20","level":1901.38},{"date":"2026-08-21","level":1913.43},{"date":"2026-08-22","level":1794.51},{"date":"2026-08-23","level":1644.33},{"date":"2026-08-24","level":1172.52},{"date":"2026-08-25","level":711.01},{"date":"2026-08-26","level":516.72},{"date":"2026-08-27","level":366.16},{"date":"2026-08-28","level":243.7},{"date":"2026-08-29","level":215.93},{"date":"2026-08-30","level":185.27},{"date":"2026-08-31","level":193.57},{"date":"2026-09-01","level":199.91},{"date":"2026-09-02","level":247.23},{"date":"2026-09-03","level":258.4},{"date":"2026-09-04","level":250.48},{"date":"2026-09-05","level":249.44},{"date":"2026-09-06","level":238.54},{"date":"2026-09-07","level":226.9},{"date":"2026-09-08","level":214.97},{"date":"2026-09-09","level":165.12},{"date":"2026-09-10","level":148.02},{"date":"2026-09-11","level":147.35},{"date":"2026-09-12","level":140.41},{"date":"2026-09-13","level":143.74},{"date":"2026-09-14","level":142.38},{"date":"2026-09-15","level":138.49},{"date":"2026-09-16","level":132.96},{"date":"2026-09-17","level":137.91},{"date":"2026-09-18","level":140.61},{"date":"2026-09-19","level":152.54},{"date":"2026-09-20","level":157.22},{"date":"2026-09-21","level":154.8},{"date":"2026-09-22","level":170.78},{"date":"2026-09-23","level":250.78},{"date":"2026-09-24","level":251.87},{"date":"2026-09-25","level":249.08},{"date":"2026-09-26","level":248.92},{"date":"2026-09-27","level":257.74},{"date":"2026-09-28","level":267.64},{"date":"2026-09-29","level":266.59},{"date":"2026-09-30","level":196.59},{"date":"2026-10-01","level":192.12},{"date":"2026-10-02","level":191.04},{"date":"2026-10-03","level":193.82},{"date":"2026-10-04","level":196.48},{"date":"2026-10-05","level":189.07},{"date":"2026-10-06","level":181.61},{"date":"2026-10-07","level":185.13},{"date":"2026-10-08","level":201.77},{"date":"2026-10-09","level":207.2},{"date":"2026-10-10","level":202.62},{"date":"2026-10-11","level":192.82},{"date":"2026-10-12","level":202.17},{"date":"2026-10-13","level":208.98},{"date":"2026-10-14","level":206.4},{"date":"2026-10-15","level":194.41},{"date":"2026-10-16","level":202.69},{"date":"2026-10-17","level":209.18},{"date":"2026-10-18","level":205.38},{"date":"2026-10-19","level":203.87},{"date":"2026-10-20","level":199.41},{"date":"2026-10-21","level":206.41},{"date":"2026-10-22","level":212.89},{"date":"2026-10-23","level":219.99},{"date":"2026-10-24","level":222.25},{"date":"2026-10-25","level":253.3},{"date":"2026-10-26","level":260.31},{"date":"2026-10-27","level":282.22},{"date":"2026-10-28","level":298.43},{"date":"2026-10-29","level":315.91},{"date":"2026-10-30","level":324.59},{"date":"2026-10-31","level":337.4},{"date":"2026-11-01","level":384.13},{"date":"2026-11-02","level":418.81},{"date":"2026-11-03","level":493.04},{"date":"2026-11-04","level":528.4},{"date":"2026-11-05","level":530.67},{"date":"2026-11-06","level":557.73},{"date":"2026-11-07","level":584.34},{"date":"2026-11-08","level":535.01},{"date":"2026-11-09","level":538.93}],"asOf":"2026-11-09","struckAt":"2026-11-11T00:07:24.507Z","liveFrom":"2026-10-29","backfilledThrough":"2026-10-28","rulebook":"1.8","chainLinks":[{"date":"2026-11-01","rulebook":"1.6","divisorBefore":371.01,"divisorAfter":406.21,"numeratorBefore":142513.86,"numeratorAfter":156035.57},{"date":"2026-11-02","rulebook":"1.7","divisorBefore":406.21,"divisorAfter":406.48,"numeratorBefore":170125.43,"numeratorAfter":170238.71},{"date":"2026-11-03","rulebook":"1.8","divisorBefore":406.48,"divisorAfter":455.55,"numeratorBefore":200413.29,"numeratorAfter":224606.57}],"frozen":true,"stale":false,"methodology":"IMX = numerator ÷ divisor (455.55); 1000 = the average level over 2026-06-01 → 2026-06-30; the series begins 2026-05-01. Numerator: settled x402 payments — USD-valued transfers sent by registered facilitators, attributed to the payee, excluding facilitator legs, in-transaction forwarding legs and circular-flow payees (§4.1), plus payments routed through a facilitator, counted once at the payee, plus x402 on Solana (SPL stablecoin transfers whose fee payer is a registered facilitator), plus settled MPP payments on Tempo (TransferWithMemo), net of circular-flow payees; chain-linked on 2026-11-01 (Rulebook v1.6, divisor 371.01 → 406.21); chain-linked on 2026-11-02 (Rulebook v1.7, divisor 406.21 → 406.48); chain-linked on 2026-11-03 (Rulebook v1.8, divisor 406.48 → 455.55); each print keeps the divisor and basket it was struck on; 7-calendar-day trailing average, struck at T-2, immutable. History through 2026-10-28 was restated at v1.5 adoption (2026-10-31); v1.4 prints remain in /imx-archive.json. Inputs to every print: /imx.csv. Rulebook v1.8 — full rulebook at /methodology."},"x402":{"totalServices":33270,"totalDiscovered":33485,"totalSampled":33485,"totalRows":33485,"duplicateRows":4,"byNetwork":[{"network":"Base","label":"Base","count":32369},{"network":"Solana","label":"Solana","count":776},{"network":"xrpl:0","label":"xrpl:0","count":53},{"network":"eip155:5042","label":"eip155:5042","count":20},{"network":"Arbitrum","label":"Arbitrum","count":16},{"network":"eip155:4663","label":"eip155:4663","count":15},{"network":"eip155:8217","label":"eip155:8217","count":7},{"network":"eip155:42220","label":"eip155:42220","count":5},{"network":"eip155:196","label":"eip155:196","count":4},{"network":"Polygon","label":"Polygon","count":3},{"network":"BNB Chain","label":"BNB Chain","count":1},{"network":"eip155:46630","label":"eip155:46630","count":1}],"byAsset":[{"symbol":"USD Coin","count":32380},{"symbol":"EPjFWd…Dt1v","count":655},{"symbol":"USDC","count":114},{"symbol":"524C55…0000","count":53},{"symbol":"Palmyr","count":19},{"symbol":"GatewayWalletBatched","count":18},{"symbol":"Global Dollar","count":14},{"symbol":"JPY Coin","count":10},{"symbol":"USD₮0","count":4},{"symbol":"United Stables","count":1},{"symbol":"0x1eC1…a787","count":1},{"symbol":"0x5fc5…d168","count":1}],"priceUsd":{"min":0.001,"median":0.005,"p95":0.1},"priceBasis":"Per request: 33,048 services with an exact-scheme offer in a USD stablecoin, one price per service. Other schemes and assets are not pooled.","hosts":{"distinct":3212,"top1Pct":5.93,"top10Pct":19.34,"top":[{"key":"detect.halowerk.com","count":1973,"sharePct":5.93},{"key":"southpow.media","count":1010,"sharePct":3.04},{"key":"agent-data-tools.revmesh2074.workers.dev","count":697,"sharePct":2.09},{"key":"agent402.tools","count":627,"sharePct":1.88},{"key":"tanod.dev","count":597,"sharePct":1.79}]},"payTo":{"distinct":2065,"top1Pct":18.86,"top10Pct":36.96,"top":[{"key":"Base:0x2880edfff13100677bf97a3cbdf3bc34771c4e5e","count":6275,"sharePct":18.86},{"key":"Base:0xb8491f953e6860d3b5840b73c60883ff099ceafa","count":1236,"sharePct":3.72},{"key":"Base:0x5fb2faeaabd58da0ea1e1f64a8c2134c4941efe5","count":1010,"sharePct":3.04},{"key":"Base:0x50ab2018c06c6e4eaa9ba52057eb55ed284912fc","count":828,"sharePct":2.49},{"key":"Base:0x6293ded2684f1a76e26becef87c137d691fbf800","count":696,"sharePct":2.09}]},"bySchemes":[{"scheme":"exact","count":33228},{"scheme":"upto","count":995},{"scheme":"batch-settlement","count":173},{"scheme":"cc-router3-split-v1","count":102},{"scheme":"exact_cosmos_authz","count":14},{"scheme":"settled-transfer","count":13},{"scheme":"wafermap-permit2","count":7},{"scheme":"eip3009","count":6},{"scheme":"credits","count":6},{"scheme":"aggr_deferred","count":4},{"scheme":"escrow","count":4},{"scheme":"ledger","count":3},{"scheme":"long-events-stable-txhash","count":2},{"scheme":"long-events-txhash","count":2},{"scheme":"borro-hold","count":2},{"scheme":"agent-pay","count":1},{"scheme":"channel","count":1}],"byVersion":[{"version":"v2","count":33064},{"version":"v1","count":206}],"sampleServices":[{"resource":"https://x402.tbs-digital.com/weather/current","description":"Complete weather bundle in one call: current conditions (temperature, feels-like, humidity, wind speed/direction/gusts, pressure, cloud cover, precipitation, UV, day/night) plus 24-hour hourly and 7-day daily forecast, air quality (AQI, PM2.5, PM10, ozone), solar radiation, and severe-weather alerts. Query by city name or lat/lon. Times in the location local timezone. 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The payee is an EOA with nonce 0 (receives only) and sweeps ~$200/hr of USDC.e to 0x3851…4faB, which in turn funds the wallets that pay it: across five windows sampled over 24h, 288 of 289 distinct payers (99.7%) were funded by that same address. Neither wallet accumulates (~$137 and ~$476 held against 430,491 transactions), so the same float is recycled. Over the trailing 30 days this loop is 36.5% of MPP payments and 40.2% of its dollars, while moving 0.47% of the dollars actually transferred on Tempo. The counterparty ranks #4 on a Tempo leaderboard, consistent with points/airdrop farming."},{"address":"0x66fa4d79ca84016b42352be33c908dd812952ec8","reason":"circular-flow","since":"2026-04-24","counterparty":"0x897720c5b19f93f3194990d0121d3a64783bbab8","evidence":"Circularity 0.99 across 2,231 payers on MPP (Dune 8969746, 2026-10-19); every payer funded by 0x897720c5, itself paid in the loop. 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Feed lags ~2 days."},"monetization":{"payPerUseAnnualUsd":19439076.542966582,"payPerUseComponents":[{"label":"x402","annualUsd":13077982.889120428},{"label":"MPP","annualUsd":6361093.653846154}],"payPerUseBasis":"Run-rate: mean settled USD per day over the last 30 complete days × 365. x402 from the IMX numerator (net of wash payees and double-counted legs, and of flagged large transfers: $689K over the window); MPP net of circular payees and of the flagged large-transfer cluster ($75M over the window; not per-use payments). Days above 10× the median day are one-offs and are left out (4 days dropped this window).","adTotalAnnualUsd":762900000000,"adFirms":[{"name":"Alphabet (Google)","annualUsd":298000000000,"openInternetUsd":30000000000,"basis":"FY2025 filings; full-year ad revenue derived from the Q4 report. Network revenue = the disclosed Google Network segment."},{"name":"Meta","annualUsd":196600000000,"openInternetUsd":1500000000,"basis":"Ad revenue: FY2025 filing. Audience Network $1.5B: Radius estimate — not broken out."},{"name":"ByteDance","annualUsd":75000000000,"openInternetUsd":3000000000,"estimated":true,"basis":"Private company. Radius estimate — source not yet documented."},{"name":"Amazon","annualUsd":68600000000,"openInternetUsd":5000000000,"basis":"Ad services: FY2025 filing. Off-Amazon DSP $5B: Radius estimate — not broken out."},{"name":"Alibaba","annualUsd":38000000000,"estimated":true,"basis":"Radius estimate — source not yet documented."},{"name":"PDD (Pinduoduo)","annualUsd":31000000000,"estimated":true,"basis":"Radius estimate — source not yet documented."},{"name":"Microsoft","annualUsd":22000000000,"openInternetUsd":2500000000,"estimated":true,"basis":"Radius estimate — source not yet documented."},{"name":"Tencent","annualUsd":20000000000,"estimated":true,"basis":"Radius estimate — source not yet documented."},{"name":"Baidu","annualUsd":9500000000,"estimated":true,"basis":"Radius estimate — source not yet documented."},{"name":"Pinterest","annualUsd":4200000000,"estimated":true,"basis":"Radius estimate — source not yet documented."}],"adAsOf":"FY2025","adSource":"Alphabet, Meta and Amazon from FY2025 filings (Alphabet full-year derived from Q4). The other seven are Radius estimates without documented sources. Refresh annually.","ratioPctOfAds":0.002548050405422281,"platformLockedUsd":720900000000,"openInternetUsd":42000000000,"openInternetPctOfAds":5.505308690523004,"openWebMarketUsd":200000000000,"openWebMarketNote":"Radius estimate, top-down: ~25% of ~$800B global digital ad spend, the share left after walled gardens (~70–80% per Redseer/Statista, cited secondhand — not independently verified here). Not a measured figure.","ratioPctOfOpenWeb":0.00971953827148329,"openWebSegments":[{"name":"Google AdSense (content sites)","usd":16000000000,"surface":"content","publisherSharePct":68,"estimated":true,"basis":"Radius estimate — Google has not broken out AdSense / AdMob / Ad Manager since 2020."},{"name":"Google AdMob (third-party apps)","usd":9000000000,"surface":"in-app","estimated":true,"basis":"Radius estimate — Google has not broken out AdSense / AdMob / Ad Manager since 2020."},{"name":"Google Ad Manager / AdX","usd":5000000000,"surface":"programmatic","estimated":true,"basis":"Radius estimate — Google has not broken out AdSense / AdMob / Ad Manager since 2020."},{"name":"Amazon DSP (off-site / CTV)","usd":5000000000,"surface":"programmatic","estimated":true,"basis":"Radius estimate — Amazon does not break out off-site DSP revenue."},{"name":"ByteDance Pangle (third-party apps)","usd":3000000000,"surface":"in-app","estimated":true,"basis":"Private company. Radius estimate — source not yet documented."},{"name":"Microsoft Audience Network","usd":2500000000,"surface":"content","estimated":true,"basis":"Radius estimate — source not yet documented. Publisher share not disclosed — excluded from the payout."},{"name":"Meta Audience Network (in-app)","usd":1500000000,"surface":"in-app","estimated":true,"basis":"Radius estimate — source not yet documented."}],"openWebBySurface":[{"surface":"content","label":"Open-web content sites","usd":18500000000,"pct":44.047619047619044},{"surface":"in-app","label":"In-app mobile","usd":13500000000,"pct":32.142857142857146},{"surface":"programmatic","label":"Programmatic / CTV","usd":10000000000,"pct":23.809523809523807}],"openWebContentUsd":18500000000,"openWebPayoutBaseUsd":16000000000,"openWebPublisherPayoutUsd":10880000000,"openWebPlatformTakeUsd":5120000000,"ratioPctOfPublisherPayout":0.17866798293167815,"publisherPayoutNote":"AdSense content revenue × Google's published publisher share (~68% when advertisers buy through Google Ads; 80% after the buying platform's fee in general). An approximation, not a universal open-web payout rate. Segments without a published share (e.g. Microsoft Audience Network) are excluded, not assumed.","publisherShareUrl":"https://support.google.com/adsense/answer/180195"},"stablecoins":{"totalMcapUsd":289850133928.5095,"totalChange24hPct":-0.39,"assets":[{"symbol":"USDT","name":"Tether","circulatingUsd":175670279628.32828,"sharePct":60.61,"change24hPct":-0.34},{"symbol":"USDC","name":"USD Coin","circulatingUsd":69951892946.77571,"sharePct":24.13,"change24hPct":-0.61},{"symbol":"USDS","name":"Sky Dollar","circulatingUsd":5359986606.485528,"sharePct":1.85,"change24hPct":-0.85},{"symbol":"USDe","name":"Ethena USDe","circulatingUsd":4904828411.506923,"sharePct":1.69,"change24hPct":-1.51},{"symbol":"DAI","name":"Dai","circulatingUsd":4645205735.909981,"sharePct":1.6,"change24hPct":-0.29},{"symbol":"USD1","name":"World Liberty Financial USD","circulatingUsd":3256893157.638467,"sharePct":1.12,"change24hPct":-2.66},{"symbol":"OUSD","name":"Open USD","circulatingUsd":957235649.3015903,"sharePct":0.33,"change24hPct":4.06},{"symbol":"OUSD","name":"Origin Dollar","circulatingUsd":6049909.190493116,"sharePct":0,"change24hPct":-0.07},{"symbol":"Others","name":"All other USD stablecoins (340)","circulatingUsd":25012952056.99884,"sharePct":8.63,"change24hPct":0.35}]},"crawl":{"botTrafficSharePct":39.220093,"aiBots":[{"name":"Googlebot","sharePct":25.87},{"name":"ClaudeBot","sharePct":12.41},{"name":"Applebot","sharePct":9.04},{"name":"Meta-ExternalAgent","sharePct":7.77},{"name":"Bingbot","sharePct":6.97},{"name":"ShapBot","sharePct":6.46},{"name":"GPTBot","sharePct":5.55},{"name":"OAI-SearchBot","sharePct":5.22},{"name":"Amazonbot","sharePct":4.83}],"crawlPurpose":[{"purpose":"Mixed Purpose","sharePct":41.87},{"purpose":"Training","sharePct":41.74},{"purpose":"Search","sharePct":12.06},{"purpose":"User Action","sharePct":3.06},{"purpose":"Undeclared","sharePct":1.26}],"monetizablePct":null,"purposeTrend":[{"date":"2026-10-14","training":41.32,"search":13.11},{"date":"2026-10-15","training":41.05,"search":11.7},{"date":"2026-10-16","training":43.02,"search":11.68},{"date":"2026-10-17","training":41.68,"search":13.71},{"date":"2026-10-18","training":41.8,"search":13.34},{"date":"2026-10-19","training":42.1,"search":12.78},{"date":"2026-10-20","training":43.46,"search":12.11},{"date":"2026-10-21","training":42.31,"search":12.28},{"date":"2026-10-22","training":42.88,"search":11.67},{"date":"2026-10-23","training":41.91,"search":11.52},{"date":"2026-10-24","training":42.8,"search":11.57},{"date":"2026-10-25","training":43.1,"search":11.86},{"date":"2026-10-26","training":42.55,"search":12},{"date":"2026-10-27","training":43.93,"search":11.73},{"date":"2026-10-28","training":42.82,"search":9.9},{"date":"2026-10-29","training":41.77,"search":11.78},{"date":"2026-10-30","training":41.09,"search":13.12},{"date":"2026-10-31","training":40.5,"search":11.31},{"date":"2026-11-01","training":39.76,"search":13.62},{"date":"2026-11-02","training":40.23,"search":13.46},{"date":"2026-11-03","training":41.26,"search":12.4},{"date":"2026-11-04","training":41.27,"search":12.69},{"date":"2026-11-05","training":41.97,"search":13.55},{"date":"2026-11-06","training":42.42,"search":13.17},{"date":"2026-11-07","training":41.35,"search":11.06},{"date":"2026-11-08","training":40.94,"search":11.02},{"date":"2026-11-09","training":42.79,"search":11.98},{"date":"2026-11-10","training":41.28,"search":11.06},{"date":"2026-11-11","training":41.11,"search":10.36}],"crawlRefer":{"platforms":[{"platform":"Perplexity","ratio":4641.5},{"platform":"OpenAI","ratio":1503.7},{"platform":"Anthropic","ratio":539},{"platform":"Mistral","ratio":210},{"platform":"Baidu","ratio":53.9},{"platform":"Microsoft","ratio":33.7},{"platform":"Yandex","ratio":13.4},{"platform":"ByteDance","ratio":10.4},{"platform":"Google","ratio":3.4},{"platform":"DuckDuckGo","ratio":1.3}],"from":"2026-11-04T17:00:00Z","to":"2026-11-11T17:00:00Z","caveats":"Crawls per recorded referral on Cloudflare's network, not the whole web. Native apps can omit the Referer header, which overstates ratios by an unknown amount. A distribution measure: not payments, revenue, paid crawls or publisher loss."},"players":[{"name":"Cloudflare Pay Per Crawl","kind":"Infrastructure / marketplace","url":"https://blog.cloudflare.com/introducing-pay-per-crawl/"},{"name":"TollBit","kind":"Content monetization","url":"https://tollbit.com/"},{"name":"Skyfire","kind":"Agent payments","url":"https://skyfire.xyz/"},{"name":"ProRata","kind":"Content attribution / payment","url":"https://prorata.ai/"},{"name":"Akamai (TollBit + Skyfire alliance)","kind":"Infrastructure","url":"https://www.akamai.com/"}],"note":"The pay-per-crawl economy is emerging and has no single ecosystem-wide revenue API. Bot-traffic figures are Cloudflare's global view via Radar; the player list is curated."},"liveness":{"onchainTxns24h":70642,"onchainTxnsPrior24h":223682,"activeFacilitators":12,"chains":["base","polygon"],"asOf":"2026-11-11T17:07:24.957Z","fresh":true,"reason":"ok","note":"on-chain facilitator activity consistent with Dune"},"paymentProfile":{"rows":[{"window":"2026-05","rail":"all","payments":3949040,"usd":1081156.9782079572,"medianUsd":0.005835821428237459,"p90Usd":0.16666701207405926,"payers":195187,"payees":49908},{"window":"2026-05","rail":"mpp","payments":218629,"usd":223379.91298699979,"medianUsd":0.009369503966876502,"p90Usd":0.06005274481132437,"payers":5537,"payees":6284},{"window":"2026-05","rail":"x402","payments":3730411,"usd":857777.0652208988,"medianUsd":0.004387974124312173,"p90Usd":0.18764112568738528,"payers":189650,"payees":43624},{"window":"2026-06","rail":"all","payments":13408480,"usd":988809.1638572955,"medianUsd":0.006407849825484408,"p90Usd":0.030502241978723893,"payers":112720,"payees":48745},{"window":"2026-06","rail":"mpp","payments":258987,"usd":141953.65343199973,"medianUsd":0.005308773494241114,"p90Usd":0.05979478518947248,"payers":7575,"payees":14695},{"window":"2026-06","rail":"x402","payments":13149493,"usd":846855.5104252915,"medianUsd":0.006404670053495962,"p90Usd":0.029604450264680796,"payers":105145,"payees":34050},{"window":"2026-07","rail":"all","payments":12913932,"usd":935483.676403055,"medianUsd":0.006128571801746875,"p90Usd":0.03440618382138423,"payers":26112,"payees":105333},{"window":"2026-07","rail":"mpp","payments":222648,"usd":144031.6190749825,"medianUsd":0.005799377018866507,"p90Usd":0.05997413647591999,"payers":5666,"payees":15783},{"window":"2026-07","rail":"x402","payments":12691284,"usd":791452.0573280468,"medianUsd":0.005861748763220303,"p90Usd":0.03306291259854206,"payers":20446,"payees":89550},{"window":"2026-08","rail":"all","payments":23456221,"usd":1762568.572495613,"medianUsd":0.003165816444508427,"p90Usd":0.016005772414504033,"payers":25641,"payees":34077},{"window":"2026-08","rail":"mpp","payments":222063,"usd":154171.92920899953,"medianUsd":0.005562225122131534,"p90Usd":0.05776332948014921,"payers":4297,"payees":14113},{"window":"2026-08","rail":"x402","payments":23234158,"usd":1608396.6432865744,"medianUsd":0.0031190629232326354,"p90Usd":0.016644290075955522,"payers":21344,"payees":19964},{"window":"2026-09","rail":"all","payments":14220110,"usd":4241178.030189396,"medianUsd":0.0018641654567086443,"p90Usd":0.012240076147834572,"payers":29921,"payees":46892},{"window":"2026-09","rail":"mpp","payments":286430,"usd":3145230.425435003,"medianUsd":0.003325409720676678,"p90Usd":0.018294414270157086,"payers":4539,"payees":8869},{"window":"2026-09","rail":"x402","payments":13933680,"usd":1095947.6047543692,"medianUsd":0.0018769849885111808,"p90Usd":0.01115416861927168,"payers":25382,"payees":38023},{"window":"2026-10","rail":"all","payments":3933861,"usd":78236821.51111738,"medianUsd":0.004713024559564571,"p90Usd":0.020333413349929035,"payers":38012,"payees":26942},{"window":"2026-10","rail":"mpp","payments":392592,"usd":76532557.0405769,"medianUsd":0.0021956357423402123,"p90Usd":0.050821544351864645,"payers":3433,"payees":10288},{"window":"2026-10","rail":"x402","payments":3541269,"usd":1704264.4705397272,"medianUsd":0.0050970709541332225,"p90Usd":0.0210579230024202,"payers":34579,"payees":16654},{"window":"last30","rail":"all","payments":5187474,"usd":92622783.1619382,"medianUsd":0.009748117510765495,"p90Usd":0.020007287607346342,"payers":32381,"payees":31659},{"window":"last30","rail":"mpp","payments":413792,"usd":90757025.29968056,"medianUsd":0.003811046181605297,"p90Usd":0.23728164268403443,"payers":3366,"payees":10240},{"window":"last30","rail":"x402","payments":4773682,"usd":1865757.8622544156,"medianUsd":0.009960197745717436,"p90Usd":0.020006566095489925,"payers":29015,"payees":21419}],"asOf":"2026-11-11T12:16:11.473593Z","basis":"Net of wash payees (§4.1), same payment definition as the index. Payers and payees are chain-qualified addresses, not people or agents. Median and P90 are approximate percentiles of individual payments. 'All' is recomputed over both rails together, not summed. USD totals include flagged large transfers (MPP), so the dashboard shows counts and percentiles only. Context only; not in the index."},"wikimedia":{"months":[{"month":"2025-10","user":14447807633,"spider":6236272029,"automated":3276573556,"nonUserPct":39.7},{"month":"2025-11","user":14732930481,"spider":5821418099,"automated":4805746468,"nonUserPct":41.9},{"month":"2025-12","user":13684407033,"spider":5886110855,"automated":7246555731,"nonUserPct":49},{"month":"2026-01","user":14340426735,"spider":6028278663,"automated":6697850787,"nonUserPct":47},{"month":"2026-02","user":13074208104,"spider":5442430901,"automated":4112518234,"nonUserPct":42.2},{"month":"2026-03","user":13306784084,"spider":5635843453,"automated":5200713978,"nonUserPct":44.9},{"month":"2026-04","user":12680693969,"spider":5075450601,"automated":4868755606,"nonUserPct":44},{"month":"2026-05","user":13646597121,"spider":5350885362,"automated":5205992464,"nonUserPct":43.6},{"month":"2026-06","user":13176285674,"spider":5683518339,"automated":6352343698,"nonUserPct":47.7},{"month":"2026-07","user":13665526452,"spider":6384249893,"automated":6108232436,"nonUserPct":47.8},{"month":"2026-08","user":13210630463,"spider":6216886008,"automated":6249371521,"nonUserPct":48.6},{"month":"2026-09","user":12923604893,"spider":6110936569,"automated":7169954906,"nonUserPct":50.7},{"month":"2026-10","user":12362447306,"spider":6224076459,"automated":9322143626,"nonUserPct":55.7}],"latest":{"month":"2026-10","user":12362447306,"spider":6224076459,"automated":9322143626,"nonUserPct":55.7},"basis":"Pageviews across all Wikimedia projects, by Wikimedia's agent class: user, spider (self-identified crawlers) and automated (flagged, unidentified). Complete calendar months only. Wikimedia's population, not Cloudflare's; not AI-specific; not paid demand."},"x402list":{"computedAt":"2026-11-11T17:07:45.942Z","tractionAsOf":"2026-10-28T11:42:52.410Z","listedServices":1270,"listedEndpoints":9890,"uniqueBuyers30d":11129,"settlements30d":1840501,"volumeUsd30d":326934.950202,"measuredServices":905,"measuredNetworks":["BSE","SOL","eip155:42220"],"coverageOfMeasuredFlowPct":17,"top1ServiceSharePct":70.1,"top10ServicesSharePct":95.4,"staleFacilitators":0,"totalFacilitators":41,"caveat":"measured across listed services, a measured floor over 30d, not an ecosystem total; USDC via measured facilitators only","license":"CC-BY-4.0"},"mppCatalog":{"services":139,"activeServices":137,"endpoints":1602,"byCategory":[{"category":"data","services":75},{"category":"ai","services":34},{"category":"web","services":30},{"category":"search","services":22},{"category":"social","services":13},{"category":"blockchain","services":11},{"category":"compute","services":7},{"category":"media","services":7},{"category":"storage","services":4}],"byMethod":[{"method":"tempo","services":136},{"method":"stripe","services":10},{"method":"evm","services":1}],"byIntent":[{"intent":"charge","endpoints":1341},{"intent":"session","endpoints":68}],"pricePerRequestUsd":{"median":0.02,"p90":0.18,"offers":779},"basis":"Services listed in Tempo's MPP catalog (mpp.dev). A listing count, not demand: settled MPP payments are in the index. A service can sit in several categories. Prices: fixed per-request charge offers in USDC.e or Stripe USD, one per endpoint; session, dynamic and other-unit prices are not pooled."},"sources":[{"name":"Coinbase x402 Bazaar","url":"https://api.cdp.coinbase.com/platform/v2/x402/discovery/resources","ok":true,"fetchedAt":"2026-11-11T17:07:24.957Z","note":"33270 priced services (distinct resources); 4 duplicate rows"},{"name":"Dune · Hashed (EVM facilitators)","url":"https://dune.com/hashed_official/x402-analytics","ok":true,"fetchedAt":"2026-11-11T17:07:24.957Z"},{"name":"Dune · IMX v1.5 numerator · Radius-owned query","url":"https://dune.com/queries/8959946","ok":true,"fetchedAt":"2026-11-11T17:07:24.957Z","note":"35127 rows, executed 2026-11-10T18:17:29.093571Z"},{"name":"Dune · x402 markets (project + chain)","url":"https://dune.com/hashed_official/x402-analytics","ok":false,"fetchedAt":"2026-11-11T17:07:24.957Z","note":"Error: HTTP 404 for https://api.dune.com/api/v1/query/6054421/results?limit=100"},{"name":"Dune · MPP (Stripe × Tempo) · Radius-owned query","url":"https://dune.com/queries/7977487","ok":true,"fetchedAt":"2026-11-11T17:07:24.957Z"},{"name":"x402scan","url":"https://www.x402scan.com/","ok":true,"fetchedAt":"2026-11-11T17:07:24.957Z"},{"name":"DeFiLlama","url":"https://stablecoins.llama.fi/stablecoins?includePrices=false","ok":true,"fetchedAt":"2026-11-11T17:07:24.957Z"},{"name":"Cloudflare Radar","url":"https://api.cloudflare.com/client/v4/radar/http/summary/bot_class?dateRange=7d","ok":true,"fetchedAt":"2026-11-11T17:07:24.957Z"},{"name":"Wikimedia pageviews (by agent)","url":"https://wikimedia.org/api/rest_v1/metrics/pageviews/aggregate/all-projects/all-access/user/monthly/2025100100/2026110100","ok":true,"fetchedAt":"2026-11-11T17:07:24.957Z"},{"name":"x402 List (third-party directory, CC-BY-4.0)","url":"https://x402-list.com/api/v1/stats","ok":true,"fetchedAt":"2026-11-11T17:07:44.787Z","note":"traction as of 2026-10-28T11:42:52.410Z"},{"name":"MPP service catalog (mpp.dev)","url":"https://mpp.dev/api/services","ok":true,"fetchedAt":"2026-11-11T17:07:45.881Z","note":"139 services, 1602 endpoints"},{"name":"On-chain liveness (QuickNode RPC)","url":"https://www.quicknode.com","ok":true,"fetchedAt":"2026-11-11T17:07:24.957Z","note":"12 active facilitators, 70642 txns/24h across base+polygon"},{"name":"Dune · payment profile (size, participants) · Radius-owned query","url":"https://dune.com/queries/9064241","ok":true,"fetchedAt":"2026-11-11T17:07:24.957Z","note":"executed 2026-11-11T12:16:11.473593Z"}]}