Merit Systems
The New York team behind x402scan, the main public x402 explorer, and the AgentCash wallet.
Checked 11 October
Our view
Most usage numbers on this site trace back to x402scan, so its health matters. The team is real, funded and fast, but its pitch has changed every three to five months, and between 20 August and 08-24 it deleted x402scan’s Ecosystem and Transactions pages, marketplace and database (GitHub PR 1087). Watch for further removals.
Facts
- Role
- Discovery and analytics; buyer wallet; seller tooling
- How serious
- Serious builder
- Momentum
- Slowing
- Trend-hopping
- 4 of 5
- Funding
- $10M seed (16 January 2025) led by a16z crypto and Blockchain Capital
- On Base
- Base is its main network
- How often we check
- Every week
In numbers
about $1,200
paid to Merit Systems on Base in the 30 days to 14 October.
about 44,000
payments in those 30 days, about $0.03 each on average.
2
commits to its public code in the 30 days to 14 October. Its last release, v1.20.0, came out on 20 July.
Payments from x402scan, code from Merit-Systems/x402scan and 2 more repositories on GitHub. As of 14 October 2026.
Latest on X
People
Sam Ragsdale
Co-founder and CEO
On X: @samrags_
Ryan Sproule
Founder and CTO
On X: @rsproule
Mason Hall
Engineering and strategy
On X: @0xMasonH
Jason Hedman
Founding engineer; top x402scan contributor
On X: @jsonhedman
Merit Systems
Official account
On X: @merit_systems
x402scan
Official account
On X: @x402scan
Links
- Websitemerit.systems
- Code on GitHubgithub.com
- Posts on Xx.com
- Blog or changelogmerit.systems
- The full research profileInfrastructure digest: Merit Systems