Who Pays the Agent? (Keyrock x Coinbase Report)
Research report analyzing on-chain AI-agent payments, finding agents settled roughly $73M across about 176M transactions over twelve months with USDC dominant.
- ChainsMultichain
Who Pays the Agent? (Keyrock x Coinbase Report) is a research paper by Keyrock, with no code activity tracked.
No code activity tracked
Listed from keyrock.com on 2026-06-08. Install: not attempted — no install path on record. Evidence →
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'Who Pays the Agent?' is a research report from Keyrock produced with Coinbase, Tempo, and Virtuals Protocol, analyzing on-chain AI-agent payment activity from roughly May 2025 to April 2026. Its headline findings (as reported by the authors and covered by CoinDesk and others): AI agents settled over $73M across ~176M on-chain transactions, with USDC accounting for ~98.6% of usage and average transaction sizes around $0.31-$0.48. The report flags concentration risk from heavy reliance on a single stablecoin. These figures are the report's own findings, presented as reported, not independently verified.
Evidence — listed vs checked · what the words mean
Listed from keyrock.com on 2026-06-08. Install: not attempted — no install path on record.
| Claim | Value | Evidence | Source | Checked |
|---|---|---|---|---|
| Chains supported | Multichain | self-reported | keyrock.com | as of 2026-10-23 |
| Verification status | Self-Reported — not independently reviewed | self-reported | keyrock.com | as of 2026-10-23 |
| Website answers | answered, but declined our check (HTTP 403) | observed | keyrock.com | 2026-10-23 |
| Daily check record | 52 of 52 daily checks since 2026-09-01 succeededa success rate of our checks, not uptime; the source is this listing's own history | observed | — | 2026-10-22 |
| Built by | Keyrockconfidence 0.85 | self-reported | keyrock.com | as of 2026-06-14 |
| Creator profile | https://keyrock.comconfidence 0.85 | self-reported | keyrock.com | as of 2026-06-25 |
| Tags | research-report, keyrock, coinbase, agent-payments, usdc, stablecoins, x402, te…confidence 0.85 | self-reported | keyrock.com | as of 2026-06-25 |
Self-reported rows are the project’s own words, dated when we recorded them — not a check. Only reproduced and reviewed rows carry a mark. None of these rows is a safety or quality rating.
Observed record — 91 daily checks since 2026-07-25
- Succeeded
- 53
- Failed
- 38
- Their error
- 0
- Unattributed
- 38
State changed on 2026-09-01 (unclear → responding).
This is the share of our daily checks that succeeded — not an availability guarantee. A check can fail because the host was down, because our runner timed out, or because the network in between dropped it, and only the first of those is a fact about this project. Failures are split by what we can attribute; anything we cannot attribute is counted, not hidden. 38 of these checks predate 2026-09-01, when the probe counted a bot-block (HTTP 403) as a failure and recorded no reason for any failure. The rate above leaves those checks out; the counts include them.
Last 30 days — to 2026-10-23, one point per UTC day
A gap is a day we have no attributable observation — never a zero. Thirty points is the whole shape the free layer carries; the daily rows behind it stay in the snapshot series.
Details
- Chains
- Multichain
- Open source
- Unknown
- Pricing
- Free
- Last checked
- 2026-10-23
Marketplace Signals
No marketplace signals recorded for this resource yet.
Verification status reflects evidence reviewed by Sato Hub. Self-reported claims are never presented as verified.
Where Who Pays the Agent? (Keyrock x Coinbase Report) fits
Related concepts: How Agents Use Wallets, What Are Onchain Agents?
Listing History
Recorded changes to Who Pays the Agent? (Keyrock x Coinbase Report)'s listing — status, verification, Sato Score, and recent releases. Full history is kept in the listing record.
- Jul 26, 2026Sato Hub began tracking this listing
- Jun 25, 2026Auto-enriched: tags
- Jun 25, 2026Enriched: tags
- Jun 25, 2026Auto-enriched: creator profile url
- Jun 14, 2026Enriched: creator name
Appears in
Related Resources
Coinbase AgentKit
ActiveCoinbase's toolkit for giving AI agents wallets and the ability to take onchain actions.
Virtuals Protocol
ActiveLaunchpad and protocol for creating and tokenizing AI agents, primarily on Base.
Agent Payments Protocol (AP2)
ActiveOpen protocol from Google for secure agent-led payments across traditional and crypto rails, with a crypto-native x402 extension built with Coinbase, Ethereum Foundation, and MetaMask.
Reference
QuestionsWhat people ask about this pageShowHide
Questions people ask about Who Pays the Agent? (Keyrock x Coinbase Report)
- Is Who Pays the Agent? (Keyrock x Coinbase Report) open source?
- Unknown. Sato Hub has not found a public repository or a license statement for Who Pays the Agent? (Keyrock x Coinbase Report) as of 2026-10-23.
- Which chains does Who Pays the Agent? (Keyrock x Coinbase Report) support?
- Who Pays the Agent? (Keyrock x Coinbase Report) lists support for Multichain as of 2026-10-23.
- Is Who Pays the Agent? (Keyrock x Coinbase Report) still maintained?
- Sato Hub tracks no commit or release for Who Pays the Agent? (Keyrock x Coinbase Report); it cannot say whether it is maintained.
- How do I install or run Who Pays the Agent? (Keyrock x Coinbase Report)?
- Sato Hub has no deploy spec for Who Pays the Agent? (Keyrock x Coinbase Report); follow the project's own documentation.
- Is Who Pays the Agent? (Keyrock x Coinbase Report) verified on Sato Hub?
- No independent verification is on record for Who Pays the Agent? (Keyrock x Coinbase Report); its verification status is "Self-Reported". Self-reported is not verified, and the score is not a safety, quality or returns grade.
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Cite this page
Sato Hub. "Who Pays the Agent? (Keyrock x Coinbase Report) — Sato Hub." Sato Hub, updated 2026-10-23, accessed 2026-10-23. https://satohub.ai/resources/keyrock-coinbase-who-pays-the-agent-reportData last refreshed 2026-10-23; this page is rebuilt daily. Citations carry the date so a reader can tell which snapshot a claim came from. Catalog data is licensed CC-BY-4.0.
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