Independent, measured analyses of the x402 ecosystem, built from our own hourly probes and our own on-chain index. Every figure traces to data we collected, the methodology is public, and rated parties never pay us. New studies are added here.
Every service in the public catalog, probed hourly and recomputed hourly: quality, spec compliance, price honesty, operator concentration, and on-chain settlement. What the data says, versus what the ecosystem says about itself.
Living page, recomputed hourly. The launch-day edition of 21 July 2026 is preserved at /state-of-x402/2026-07-21.
Who is actually paying, in three lenses: transactions, dollars, and price-matched settlement. The verifiable agent economy, honestly bounded.