Data covers ERC-8004 agent registrations and Agent Trust Score assessments. Week 38 = week ending Sunday, September 20, 2026.
Week 38 brought a rebound in volume without a rebound in breadth. 17,001 new agents registered – up 74.5% from Week 37’s 9,745 – but unique owner wallets rose only 10.2% to 7,405, so agents per owner jumped to 2.30, the highest since Week 31’s 2.54. Median trust score fell 65.0% to 200, the bottom of the Elevated Risk tier.
Week 38 Key Numbers
Week 38 Analysis
Registrations Rebound, but Owners Barely Move
Week 38 added 7,256 more registrations than Week 37 but only 684 more unique owners – roughly 10.6 additional agents for every additional owner. The rebound therefore came overwhelmingly from owners who registered multiple agents rather than from new entrants. Volume is still well below the 24,000-plus weeks of Weeks 34-36.
Agents-Per-Owner Reaches 2.30, the Highest Since Week 31
The ratio rose from 1.45 to 2.30, a 58.3% jump and the highest reading since Week 31’s 2.54; no week in between has been higher. Across the series, only six weeks have topped 2.0 agents per owner (Weeks 5, 6, 7, 22, 31 and now 38), and in five of those six the median trust score landed on exactly 200 – the exception being Week 6, at 536.
Median Trust Falls to 200
The weekly median dropped from 572 to 200, a 65.0% fall and the lowest reading since Week 31, which also posted 200. The median has now landed on exactly 200 in eight of the 34 weeks tracked. Compared with Week 36’s record 918 two weeks earlier, the median has fallen from the Sovereign tier to the bottom of the Elevated Risk tier in two weeks.
Week-on-Week Comparison: W36 – W38
| Metric | W36 | W37 | W38 | W38 vs W37 |
|---|---|---|---|---|
| New registrations | 24,173 | 9,745 | 17,001 | +74.5% |
| Unique owner wallets | 13,646 | 6,721 | 7,405 | +10.2% |
| Agents per owner | 1.77 | 1.45 | 2.30 | +58.3% |
| Median trust score | 918 | 572 | 200 | -65.0% |
| Trust tier | Sovereign | Provisional | Elevated Risk | – |
2026 Weekly Registration History – W32 to W38
| Week | Registered | Unique Owners | Median Trust |
|---|---|---|---|
| W32 | 15,652 | 14,834 | 521 |
| W33 | 10,361 | 9,511 | 473 |
| W34 | 31,979 | 27,033 | 563 |
| W35 | 29,601 | 18,344 | 573 |
| W36 | 24,173 | 13,646 | 918 |
| W37 | 9,745 | 6,721 | 572 |
| W38 | 17,001 | 7,405 | 200 |
Note: Median trust score reflects the median Agent Trust Score of agents registered in that specific week, not the cumulative population median. The full-population trust flag breakdown is published with our Week 40 report, which uses the most recent snapshot.
About This Tracker
ChainAware.ai’s weekly ERC-8004 agent tracker monitors new agent registrations on the ERC-8004 Identity Registry, the number of unique owner wallets behind those registrations, and the median Agent Trust Score of each week’s registration cohort. Agent Trust Score is a 0-1000 score combining owner wallet fraud probability, feeder address analysis, farm detection, and criminal record checks – see the full Agent Trust Score methodology for how the model scores agents and their controlling wallets. Data is updated weekly alongside ChainAware’s rug pull tracker.