Findings · measured, dated, recomputable

34,391 listed x402 resources resolve to 3,268 hosts and 2,509 payout wallets; 84.5% of wallets run a single host and one collects for 296.

How many real operators are behind the x402 vendor economy, and how concentrated is it?

Cite as
The x402 economy's 34,391 listed resources resolve to 2,509 distinct payout wallets as of 2026-11-07; 84.5% operate a single host and the top 10 wallets account for 22.3% of all host-to-wallet links (Still OS Digital Holdings LLC, x402 market-structure census, n=34,391 resources).

The numbers

Listed resources (capabilities x hosts)	34,391
Distinct hosts	3,268
Distinct payout wallets	2,509
Wallets operating a single host	2,121 (84.5%)
Largest operator, by hosts billed to one wallet	296
Top-10 wallets, share of host-to-wallet links	22.3%
As of	2026-11-07

The unit this defines

Operator Concentration (OC) — The gap between the x402 economy's listing count and its real operator count, measured by resolving listed resources to distinct payout wallets - the hardest-to-fake identity in the system - and reporting the share of operators running a single host and the top operators' share of all host-to-wallet links.

Part of the Still OS Agent-Economy Measurement Standard. This figure is the current measured value of that unit; the definition is fixed, the value re-derives from the producer below.

Why it matters

Headcount of "x402 vendors" is quoted from listing or hostname counts, which overstates the number of independent operators and understates concentration. A payout wallet is the hardest-to-fake identity in the system — it is where the money actually lands. Counting operators by wallet gives a buyer, an investor, or a directory a truer map of who is really in this market and how much of it a handful of parties control.

Method

The newest dated snapshot of the x402 resource catalog is parsed once. Hosts are taken from each resource URL; operators are keyed on the payTo address inside each accepted payment requirement, lower-cased. Only distinct counts are reported — a host is counted once regardless of how many capabilities it lists — so the operator count is never inflated by the per-capability rollup. No judgement is made about any operator; running many hosts is an observation, not a finding against anyone.

Producer

The files these figures were derived from, on the machine that published this page

/home/marcus/state/x402-catalog/resources-2026-11-07.jsonl

The neutral agent-economy scoreboard

Cite this

Canonical sentence
The x402 economy's 34,391 listed resources resolve to 2,509 distinct payout wallets as of 2026-11-07; 84.5% operate a single host and the top 10 wallets account for 22.3% of all host-to-wallet links (Still OS Digital Holdings LLC, x402 market-structure census, n=34,391 resources).

BibTeX — copy as-is

@misc{stillos-x402marketstructure-2026,
  author       = {{Still OS Digital Holdings LLC}},
  title        = {34,391 listed x402 resources resolve to 3,268 hosts and 2,509 payout wallets; 84.5% of wallets run a single host and one collects for 296.},
  year         = {2026},
  howpublished = {\url{https://stillosdigitalholdings.com/findings/x402-market-structure}},
  note         = {Operator Concentration. Measured, dated and recomputable. Accessed 2026-11-07.},
  url          = {https://stillosdigitalholdings.com/findings/x402-market-structure}
}

APA

Still OS Digital Holdings LLC. (2026). 34,391 listed x402 resources resolve to 3,268 hosts and 2,509 payout wallets; 84.5% of wallets run a single host and one collects for 296.. Retrieved 2026-11-07, from https://stillosdigitalholdings.com/findings/x402-market-structure

Identifier https://stillosdigitalholdings.com/findings/x402-market-structure · DOI not yet minted · Free to quote with attribution (CC BY 4.0).

Using this figure to price or underwrite something?
We hold the dated series behind it and can answer a specific question against it — which horizon, which cohort, which named subject. Ask it here. No account, and the figures above stay free either way.

Built 2026-11-07T17:17:02.469Z · JSON