Pinned Tweet
x402 has a brilliant mechanic — it spreads like a good virus
every agent can now discover each other and quickly pay every other agent via x402
- Agent A discovers Agent B (via MCP bazaar/directory)
- Agent A sends normal HTTP → Agent B replies HTTP 402 Payment Required + k
- Agent A auto-pays via facilitator (Coinbase/Virtuals), signs, and settles in <1s
- Agent B returns the result + its own MCP payment rail
- Agent A automatically installs B’s rail → A can forward B’s payment capability
When Agent A hires Agent Z, it passes on B's rail + help seeds Z wallet. Agent Z is now able to discover, hire, and pay Agent B (and the loop continues).
Result: One agent learns a new MCP skill/tool/rail → it instantly propagates to every connected agent, creating Self-propagating adoption.
(h/t @MurrLincoln for the good virus analogy)
every agent can now discover each other and quickly pay every other agent via x402
- Agent A discovers Agent B (via MCP bazaar/directory)
- Agent A sends normal HTTP → Agent B replies HTTP 402 Payment Required + k
- Agent A auto-pays via facilitator (Coinbase/Virtuals), signs, and settles in <1s
- Agent B returns the result + its own MCP payment rail
- Agent A automatically installs B’s rail → A can forward B’s payment capability
When Agent A hires Agent Z, it passes on B's rail + help seeds Z wallet. Agent Z is now able to discover, hire, and pay Agent B (and the loop continues).
Result: One agent learns a new MCP skill/tool/rail → it instantly propagates to every connected agent, creating Self-propagating adoption.
(h/t @MurrLincoln for the good virus analogy)
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The market is down
But some teams show better relative strength than the others...
In today's After Hour, we explore
- The latest state of the market & AI developments
- Players who are holding strong in the current market
- Potential dip-buying opportunities
But some teams show better relative strength than the others...
In today's After Hour, we explore
- The latest state of the market & AI developments
- Players who are holding strong in the current market
- Potential dip-buying opportunities
Last week = full on week of acceleration for Onchain Inference
A few players are experiencing 50-100% growth in tok/day every week or two and the prices haven't even re-rated yet
In today's After Hour, we extensively dive into
- The Latest State of Onchain Inference
- 3 Key rence
- Who're the Market Leaders, Who's Growing the Fastest, and Who's the Most Undervalued today
CT is gonna start to talk about inference in November and everyone is going to be late (again)
(But you don't have to be)
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0xJeff retweeted
> Kimi K3.1 Pro matching frontier capabilities
> Local conversational model that sounds more real than humans
> Renewed wave of interests for Confidential Inference
I know everything is going down but I can't imagine a world where these models don't get immediately integrated by onchain providers and sold for 30-80%+ off
Open Frontier Intelligence at affordable prices
November is gonna be an exciting month for Onchain Inference
> Local conversational model that sounds more real than humans
> Renewed wave of interests for Confidential Inference
I know everything is going down but I can't imagine a world where these models don't get immediately integrated by onchain providers and sold for 30-80%+ off
Open Frontier Intelligence at affordable prices
November is gonna be an exciting month for Onchain Inference
Who are the most undervalued onchain inference teams in the market rn?
Let's take a look by looking at MC-to-Token Usage Comps
The Lower = The More Undervalued vs Peers
@AskSurplus, @PhalaNetwork, @engyai, @dphnAI, @AskVenice are the Top 5 Most Undervalued on the list
Despite past weeks, Surplus remains highly undervalued vs peers considering its token usage of 250B+ tok/day
Somewhat makes sense because the token doesn't have any utility or value accrual right now. The hope is that this will change post-token migration in about a week or so.
Q4 is shaping up to be an exciting quarter for Onchain Inference
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> Kimi K3.1 Pro matching frontier capabilities
> Local conversational model that sounds more real than humans
> Renewed wave of interests for Confidential Inference
I know everything is going down but I can't imagine a world where these models don't get immediately integrated by onchain providers and sold for 30-80%+ off
Open Frontier Intelligence at affordable prices
November is gonna be an exciting month for Onchain Inference
> Local conversational model that sounds more real than humans
> Renewed wave of interests for Confidential Inference
I know everything is going down but I can't imagine a world where these models don't get immediately integrated by onchain providers and sold for 30-80%+ off
Open Frontier Intelligence at affordable prices
November is gonna be an exciting month for Onchain Inference
Who are the most undervalued onchain inference teams in the market rn?
Let's take a look by looking at MC-to-Token Usage Comps
The Lower = The More Undervalued vs Peers
@AskSurplus, @PhalaNetwork, @engyai, @dphnAI, @AskVenice are the Top 5 Most Undervalued on the list
Despite past weeks, Surplus remains highly undervalued vs peers considering its token usage of 250B+ tok/day
Somewhat makes sense because the token doesn't have any utility or value accrual right now. The hope is that this will change post-token migration in about a week or so.
Q4 is shaping up to be an exciting quarter for Onchain Inference
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Who are the most undervalued onchain inference teams in the market rn?
Let's take a look by looking at MC-to-Token Usage Comps
The Lower = The More Undervalued vs Peers
@AskSurplus, @PhalaNetwork, @engyai, @dphnAI, @AskVenice are the Top 5 Most Undervalued on the list
Despite past weeks, Surplus remains highly undervalued vs peers considering its token usage of 250B+ tok/day
Somewhat makes sense because the token doesn't have any utility or value accrual right now. The hope is that this will change post-token migration in about a week or so.
Q4 is shaping up to be an exciting quarter for Onchain Inference
Let's take a look by looking at MC-to-Token Usage Comps
The Lower = The More Undervalued vs Peers
@AskSurplus, @PhalaNetwork, @engyai, @dphnAI, @AskVenice are the Top 5 Most Undervalued on the list
Despite past weeks, Surplus remains highly undervalued vs peers considering its token usage of 250B+ tok/day
Somewhat makes sense because the token doesn't have any utility or value accrual right now. The hope is that this will change post-token migration in about a week or so.
Q4 is shaping up to be an exciting quarter for Onchain Inference
Surplus just hit 300B tok/day
Dolphin hit 32.2B after 1 week of API going live
Onchain Inference is accelerating faster than anyone expect
More catalysts incoming in a few weeks
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Onchain Inference has been rapidly growing in the past months
There's 1 sub-sector that's also quietly growing, driven by the need for better privacy for AI workloads
That sub-sector is Confidential Inference
In today's article, we dive into
- The idea behind Confidential cs & the landscape of the sub-sector
- The thesis that could lead to further adoption next year
There's 1 sub-sector that's also quietly growing, driven by the need for better privacy for AI workloads
That sub-sector is Confidential Inference
In today's article, we dive into
- The idea behind Confidential cs & the landscape of the sub-sector
- The thesis that could lead to further adoption next year
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Surplus just hit 300B tok/day
Dolphin hit 32.2B after 1 week of API going live
Onchain Inference is accelerating faster than anyone expect
More catalysts incoming in a few weeks
Dolphin hit 32.2B after 1 week of API going live
Onchain Inference is accelerating faster than anyone expect
More catalysts incoming in a few weeks
Have a feeling Onchain AI might accelerate 10x+ by the end this year
We're seeing rapid growth of top teams on Base already
> @AskVenice already hit 500B tok/day, up 2x from Sep
> @AskSurplus set to hit 240B tok/day up 2.5x from Sep
> @dphnAI h@dphnAI tok/day a few days after public API
Bittensor also announced Null Consensus upgrade, providing an option for subnet to expand the # of miners to 2,500. The potential downside is only 1 validator decides who get the rewards and who don't.
Under the right conditions, this could mean faster iterative loops, more efficient product improvements (would need well-designed scoring system + healthy miners competition ofc)
Can't wait to see the next leg up for both AI on Base and on Bittensor!
[I'm surprised not many people on CT realizes this yet but Onchain AI val remains heavily compressed while metrics are rapidly growing every single week.
We cover this a lot on Substack so if you're interested, feel free to check that out]
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If you wanna dive into the landscape, I covered the latest on inference in the After Hours EP.77 last Sunday HERE: defi0xjeff.substack.com/p/the-after-ho…
If you've already read, congrats on the 2x
If you've already read, congrats on the 2x
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Last week = full on week of acceleration for Onchain Inference
A few players are experiencing 50-100% growth in tok/day every week or two and the prices haven't even re-rated yet
In today's After Hour, we extensively dive into
- The Latest State of Onchain Inference
- 3 Key rence
- Who're the Market Leaders, Who's Growing the Fastest, and Who's the Most Undervalued today
CT is gonna start to talk about inference in November and everyone is going to be late (again)
(But you don't have to be)
A few players are experiencing 50-100% growth in tok/day every week or two and the prices haven't even re-rated yet
In today's After Hour, we extensively dive into
- The Latest State of Onchain Inference
- 3 Key rence
- Who're the Market Leaders, Who's Growing the Fastest, and Who's the Most Undervalued today
CT is gonna start to talk about inference in November and everyone is going to be late (again)
(But you don't have to be)
> Quantum threat is back and some are more prepared than the others
> Citrini dropped 15-token basket "Long Tokenization"
> Other interesting opps in the market
Covering all the above in the After Hour EP.76 today
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Have a feeling Onchain AI might accelerate 10x+ by the end this year
We're seeing rapid growth of top teams on Base already
> @AskVenice already hit 500B tok/day, up 2x from Sep
> @AskSurplus set to hit 240B tok/day up 2.5x from Sep
> @dphnAI h@dphnAI tok/day a few days after public API
Bittensor also announced Null Consensus upgrade, providing an option for subnet to expand the # of miners to 2,500. The potential downside is only 1 validator decides who get the rewards and who don't.
Under the right conditions, this could mean faster iterative loops, more efficient product improvements (would need well-designed scoring system + healthy miners competition ofc)
Can't wait to see the next leg up for both AI on Base and on Bittensor!
[I'm surprised not many people on CT realizes this yet but Onchain AI val remains heavily compressed while metrics are rapidly growing every single week.
We cover this a lot on Substack so if you're interested, feel free to check that out]
We're seeing rapid growth of top teams on Base already
> @AskVenice already hit 500B tok/day, up 2x from Sep
> @AskSurplus set to hit 240B tok/day up 2.5x from Sep
> @dphnAI h@dphnAI tok/day a few days after public API
Bittensor also announced Null Consensus upgrade, providing an option for subnet to expand the # of miners to 2,500. The potential downside is only 1 validator decides who get the rewards and who don't.
Under the right conditions, this could mean faster iterative loops, more efficient product improvements (would need well-designed scoring system + healthy miners competition ofc)
Can't wait to see the next leg up for both AI on Base and on Bittensor!
[I'm surprised not many people on CT realizes this yet but Onchain AI val remains heavily compressed while metrics are rapidly growing every single week.
We cover this a lot on Substack so if you're interested, feel free to check that out]
Inference teams worth keeping an eye on this cycle
actual computer (SN95)
antseed
blockrun
chutes (SN64)
darkbloom
dolphin ai
engy (SN53)
gm (SN28)
morpheus
orbio
surplus intelligence
usepod
venice ai
warden/holo
Anyone else?
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x402 = one of the most cost effective complementary GTM strat in 2026
What I like about x402 is that it is FREE distribution for projects & startups.
Normally, startups leverage MCP to connect with developers in their fav IDEs and APIs to power users (startups & enterprises alike).
tribution surface area by letting your agents discover 100+ tools & services that integrated x402.
Users get the ability to try out any tools without having to grab an API and buy credits.
Startups get better distribution, especially in the age where x402 catalogues (like AgentCash) or L1s (like Base, Solana, Ripple, Polygon, and more) are actively attracting projects with useful tools to integrate x402 and settle on their own chains
i.e. If your tools are unique and useful, you practically get free marketing
(This is one of the things I shared at our gm AI v2 event)
What I like about x402 is that it is FREE distribution for projects & startups.
Normally, startups leverage MCP to connect with developers in their fav IDEs and APIs to power users (startups & enterprises alike).
tribution surface area by letting your agents discover 100+ tools & services that integrated x402.
Users get the ability to try out any tools without having to grab an API and buy credits.
Startups get better distribution, especially in the age where x402 catalogues (like AgentCash) or L1s (like Base, Solana, Ripple, Polygon, and more) are actively attracting projects with useful tools to integrate x402 and settle on their own chains
i.e. If your tools are unique and useful, you practically get free marketing
(This is one of the things I shared at our gm AI v2 event)
How's our gm AI v2 event?
One thing we heard this year was that
"You could walk into almost any groups and find yourself in an interesting agentic convos"
With 1.5K+ signups for gm AI v2, we put a lot of thought into who we brought into the room, hoping everyone could find worth joining
Onchain AI seemed to be one of the most talked topics in the room
The Agentic Economy drew the most attention, complemented by our pocketbook "The Agents are Buying"
55% of guests were founders, builders & developers. Another 25% coming from investors, VCs, and market makers
Thanks to everyone who made it to our gm AI v2, our guests & cohosting partners @BlockRunAI, @codecopenflow, @dphnAI, @GoKiteAI, @openservai, @reppo for making this possible
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How's our gm AI v2 event?
One thing we heard this year was that
"You could walk into almost any groups and find yourself in an interesting agentic convos"
With 1.5K+ signups for gm AI v2, we put a lot of thought into who we brought into the room, hoping everyone could find worth joining
Onchain AI seemed to be one of the most talked topics in the room
The Agentic Economy drew the most attention, complemented by our pocketbook "The Agents are Buying"
55% of guests were founders, builders & developers. Another 25% coming from investors, VCs, and market makers
Thanks to everyone who made it to our gm AI v2, our guests & cohosting partners @BlockRunAI, @codecopenflow, @dphnAI, @GoKiteAI, @openservai, @reppo for making this possible
One thing we heard this year was that
"You could walk into almost any groups and find yourself in an interesting agentic convos"
With 1.5K+ signups for gm AI v2, we put a lot of thought into who we brought into the room, hoping everyone could find worth joining
Onchain AI seemed to be one of the most talked topics in the room
The Agentic Economy drew the most attention, complemented by our pocketbook "The Agents are Buying"
55% of guests were founders, builders & developers. Another 25% coming from investors, VCs, and market makers
Thanks to everyone who made it to our gm AI v2, our guests & cohosting partners @BlockRunAI, @codecopenflow, @dphnAI, @GoKiteAI, @openservai, @reppo for making this possible
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Inference teams worth keeping an eye on this cycle
actual computer (SN95)
antseed
blockrun
chutes (SN64)
darkbloom
dolphin ai
engy (SN53)
gm (SN28)
morpheus
orbio
surplus intelligence
usepod
venice ai
warden/holo
Anyone else?
actual computer (SN95)
antseed
blockrun
chutes (SN64)
darkbloom
dolphin ai
engy (SN53)
gm (SN28)
morpheus
orbio
surplus intelligence
usepod
venice ai
warden/holo
Anyone else?
Super excited for the massive growth of Onchain Inference
> 5x growth in tokens/day in the last 3 months
> @AskSurplus 10B in August to 200B/day in Oct
> @engyai c@engyai back to its ATH level (30B+/day)
> @AntSeed see@AntSeedn growth in the past few days
> @dphnAI finally@dphnAIed Publicsee their agent harness "Flipper" coming out next
Won't be surprised if we get another 5x this quarter given how fast the demand for inference is growing
What'll come out next is the narrative for
Financialization of compute & inference as the next frontier assets
Long/Short compute, inference, and AI commodities on platforms like @Architect_Fi
Buy/Sell/Earn yields on tokenized platform credits like DIEM, CREDIT, Bittensor Gamma tokens, etc
So many developments and we haven't even touched on the data narrative yet
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Super excited for the massive growth of Onchain Inference
> 5x growth in tokens/day in the last 3 months
> @AskSurplus 10B in August to 200B/day in Oct
> @engyai c@engyai back to its ATH level (30B+/day)
> @AntSeed see@AntSeedn growth in the past few days
> @dphnAI finally@dphnAIed Publicsee their agent harness "Flipper" coming out next
Won't be surprised if we get another 5x this quarter given how fast the demand for inference is growing
What'll come out next is the narrative for
Financialization of compute & inference as the next frontier assets
Long/Short compute, inference, and AI commodities on platforms like @Architect_Fi
Buy/Sell/Earn yields on tokenized platform credits like DIEM, CREDIT, Bittensor Gamma tokens, etc
So many developments and we haven't even touched on the data narrative yet
> 5x growth in tokens/day in the last 3 months
> @AskSurplus 10B in August to 200B/day in Oct
> @engyai c@engyai back to its ATH level (30B+/day)
> @AntSeed see@AntSeedn growth in the past few days
> @dphnAI finally@dphnAIed Publicsee their agent harness "Flipper" coming out next
Won't be surprised if we get another 5x this quarter given how fast the demand for inference is growing
What'll come out next is the narrative for
Financialization of compute & inference as the next frontier assets
Long/Short compute, inference, and AI commodities on platforms like @Architect_Fi
Buy/Sell/Earn yields on tokenized platform credits like DIEM, CREDIT, Bittensor Gamma tokens, etc
So many developments and we haven't even touched on the data narrative yet
Onchain Inference is BACK
> @AskVenice moving to ATH
> @AskSurplus hitting new ATH in usage
> @dphnAI o@dphnAIerge of public launch
> @orbiodotso @orbiodotsoon RHC, tax-to-inference credits' getting adoption
> and more (e.g. @engyai, @wardenprotocol@wardenprotocol)
@AntSeedts to all the 5+ pn today's article + update on the landscape + where the opps are)
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> Quantum threat is back and some are more prepared than the others
> Citrini dropped 15-token basket "Long Tokenization"
> Other interesting opps in the market
Covering all the above in the After Hour EP.76 today
> Citrini dropped 15-token basket "Long Tokenization"
> Other interesting opps in the market
Covering all the above in the After Hour EP.76 today
Onchain Inference hit new ATH last week
> @dphnAI's POD hit new ATH off the back of Upbit listing and ahead of public API + agent harness launch
> @AskSurplus hit new ATH (~175B) in token usage per day
> Other players like @orbiodotso shipping a lot of features in the past weeks (CRPT/YT on inference yield with @pendle_fi)
In today's After Hour, we dive into the latest on Onchain Inference, asymmetric dip-buying opportunities, and more
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