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TRM bounds agentic share of screened commerce at 0.6\u20137.5%.", "watch = dust tickets with very high repeat (scripts / load tests likely).", "Catalog covers ~64% of reported tx and ~36% of reported volume."], "methodology_refs": ["https://www.trmlabs.com/trm-tech-blog/whos-actually-paying-measuring-ai-agent-payments-onchain", "https://arxiv.org/html/2607.12575"]}, "reported": {"transactions": 2888990, "volume_usd": 1095101.69042, "unique_buyers": 36615, "unique_sellers": 38887, "latest_block_timestamp": "2026-10-15T20:45:37.000Z"}, "filter": {"rules": ["suspicious: unique_buyers < 10 (TRM thin-buyer)", "suspicious: unique_buyers <= 2 and tx_count >= 100 (bulk 1\u20132 payer proxy)", "suspicious: tx_per_buyer >= 5000", "watch: tx_per_buyer >= 1000 and avg_ticket <= $0.01 (dust high-repeat)", "likely_real: passes the above"], "catalog_merchants_scored": 417, "catalog_volume_usd": 391048.31, "catalog_tx_count": 1849719, "by_label": {"watch": {"merchants": 5, "volume_usd": 3889.11, "tx_count": 1122183}, "likely_real": {"merchants": 310, "volume_usd": 386369.92, "tx_count": 663659}, "suspicious": {"merchants": 102, "volume_usd": 789.29, "tx_count": 63877}}, "catalog_likely_real_volume_share": 0.988, "catalog_likely_real_tx_share": 0.3588, "catalog_not_confirmed_tx_share": 0.6412, "estimated_ecosystem_likely_real_volume_usd": 1082000.19, "estimated_ecosystem_likely_real_tx": 1036538, "note": "Ecosystem estimates = overall reported \u00d7 catalog likely_real shares. 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