Torty

My monthly cost of living in Ukraine 🇺🇦 🏠 350$ rent ⚡ 50$ utilities 🥗 ~500$ food (groceries + delivery) 📱 15$ phone + internet 🎬 100$ subscriptions (platforms, services) 🚗 50-100$ car expenses 🏋️ 200$ entertainment + gym Total: ~1300$ / month

Our new research report "The Agent Economy" is now live AI-assisted purchasing already influenced $3B in US Black Friday sales. One in five Cyber Week 2025 orders involved an agent. AI traffic to US retail sites is up 4,700% year over year. Now we are moving into purchasing flows where agents not only recommend, but find the product, compare prices across stores, negotiate a discount, pay, and track delivery. And underneath it, something more structurally significant is happening. Agents are starting to pay other agents. For data, compute, content, and design. Software buying from software with no human in the loop. The analyst consensus on scale is unusually strong for an early market. McKinsey puts global agentic GMV at $3–5T by 2030. Morgan Stanley's most conservative projection is $190–385B in US agent e-commerce alone. The stack is still fragmented, and traditional payment rails are not designed to support what comes next. Card transactions carry a fixed per-swipe fee of $0.05–$0.15, regardless of purchase size. When an agent makes 500 API calls at $0.01 each, processing fees alone are 5 to 15 times the value of what was actually purchased, while a USDC transfer on Solana costs $0.0005. Despite the premise, Crypto-native agent commerce volume is still tiny and mostly non-organic. x402 volume collapsed 92% between December and February. Agent-to-agent service revenue across the largest marketplace is $2.67M total. Organic crypto-native volume is effectively zero. The stack is forming fast, but there are assumptions and risks, including timing of adoption, fragmentation of competing solutions, consumer trust deficit, and regulation. The honest read is that Agent-assisted commerce is here and moving towards Agent-executed, while Agent-to-Agent commerce is still nascent, and the timing is unclear. The infrastructure being built today, wallets, rails, execution environments, and identity, underpins both the bull and bear scenarios. The question is not whether demand arrives, but how much runway builders have left before it does. Read the full report below 👇