Agoranome Monthly: November 2026

Month. The weeks whose Monday falls in the month. The month's end is its last Monday snapshot of the x402 Bazaar.

New seller. A host in one of the month's snapshots and in none before. Hosts in the first snapshot Agoranome holds are never counted as new, since when they first listed isn't known.

Seller survival. Of a month's new sellers, the share still listed in the snapshot at the end of the month the edition covers. With payers counts those that also had a listing with 3 or more payers in 30 days.

Real buyer. A wallet with at least one real payment in the month: a USDC payment on Base into a counted Bazaar seller that isn't part of a catalog sweep or from the seller's own address, as in the weekly report's real demand. Wallets are kept only as a hash of their address, and none is ever named.

Coverage. The days of the month that the weekly chain reads cover in full. Each Tuesday's read covers the 30 days before it, so a month is covered once the first Tuesday after it is read. A day read by more than one week keeps the highest count any week saw. Each week counts the 500 busiest sellers on its snapshot, so a buyer of a seller that drops out of them isn't seen.

Paid again. Of the month before's real buyers, the share with a real payment in this month. It's given when the month before has 14 or more covered days.

Paid on 2+ days. Real buyers with real payments on two or more days of the month (UTC).

Top 10 share. The share of the month's real payments made by the 10 buyers who made the most.

Opening. A category is an opening when, in at least half of the month's weekly snapshots, it had 500 or more repeat calls in 30 days and two or fewer listings with 10 or more payers, or one listing with 60% or more of its repeat calls: the weekly demand brief's test, held for the month.

Thin search. One of the category's buyer searches, run on the Bazaar each Monday, whose top 20 results hold fewer than 3 listings with 3 or more payers. Counted on the month's last snapshot.

Fair Offer index. At the month's end: the share of listings whose 402 offer carries a Fair Offer block, the sellers with at least one, and every seller's report card grade (the mean of its listings' scores) against the month before. Sellers are named only when their grade went up or a new seller's is an A; a grade that fell is only counted.

Ranges and small numbers. Shares that estimate a rate (survival, paid again, paid on 2+ days, traction, thin searches) carry a 95% Wilson range. A share over fewer than 5 isn't given.

Not counted. Agoranome's own hosts and wallets.