The big picture.

Inference purchases. All completed retail purchases since marketplace launch, including legacy credit purchases and pay-per-request deposits, plus credited onchain activations. New retail activations are identified by their consumed reservation and counted only under Retail; other activations appear under Onchain. Overview is their sum. Migration balances and duplicate legacy payment records are excluded. Earned or airdropped CREDIT can also be activated; book trades and swaps do not count.

Protocol revenue. Every fee the protocol actually collected, in six streams that do not overlap. Treasury and Stakers are the two halves of the hourly harvest, which splits its USDG 50/50. LP fees from the ORBIO/USDG 0.8% position are added to that harvest before it splits, so they are already inside both halves and are not counted again. Every purchase pays one fee, taken where the purchase happens. A book buy pays the book fee, which staking sweeps, mints as CREDIT and lists at the backstop price for the treasury. A book buy that activates in the same transaction pays the 5% activation fee and no book fee. A card checkout pays the 5% card fee on the credit's face value, and its activation is exempt; the card processor's own fee is passed through at cost and not counted. Activating CREDIT already held, such as CREDIT earned by staking, pays the activation fee. Each fee is charged once and lands in exactly one of Book fees, Activation fees and Card fees, so together they cover every path without counting a fee twice. Launchpad is the agent vault's treasury share of agent creator fees, 10% since vault version 4 and 5% before, paid in ORBIO straight to the treasury. It is valued at the price the vault's own sales of ORBIO fetched on the day it arrived, or the nearest earlier day with a sale, never today's price; it never passes through staking, so it is in no harvest. Orbio is the treasury half plus every other stream. Book fees are dated by the sweep record, activation and card fees by when the credit was applied, and the launchpad by when its harvest was indexed.

Usage. API usage is everything consumed through the Orbio gateway: the recorded dollar cost of inference before buyer discounts or charge caps, plus settled tool calls (X reads, posting, media, web and chain reads) and agent infrastructure (workspaces, deployments, workers, databases and inboxes) at what they charged. It measures consumption, not purchases, activations or cash revenue. Inference usage includes billed interrupted streams and excludes empty provider refusals; tool calls and infrastructure still held or released are not counted. Model usage covers inference. The six leading models over 90 days, by requests or by tokens as shown, are named; the remainder are grouped as Other.

Liquidity. Available CREDIT on the live onchain order book, after reservations and cancellations. Amounts are inference face value, not cash. The exchange is sell-side only.

Time. UTC days. Legacy purchases use settlement time; CREDIT activations use credited time; usage uses the gateway, tool and infrastructure ledger timestamps, infrastructure on the day its charge settled. The latest day is still in progress: its bars are hatched, a line runs dashed into it, and its tooltip says so far. Totals cover all time. Each chart has its own period, two weeks unless you choose another on that chart, and All starts at the first recorded activity. The API usage chart omits zero days before the first recorded usage, keeping quiet days after that. Refreshes every minute.