diff --git a/AGENTS.md b/AGENTS.md
index 2df28fb..e28f925 100644
--- a/AGENTS.md
+++ b/AGENTS.md
@@ -136,6 +136,16 @@ session with **no other memory of this project**. So:
   - **Low-diversity ring warning (2026-10-01):** beyond the single-partner
     warning, `TradeReputationCard` flags `verified >= 5 && verifiedCounterparties
     <= 2` — "most confirmations come from very few accounts".
+  - **Anti-sybil depth (2026-10-01):** `src/hooks/useTradeIntegrity.ts` adds two
+    levers to `TradeReputationCard`. **Activity weighting** — `useBatchActivity`
+    counts each counterparty's published spots+listings and multiplies their
+    contribution by `min(1, activity/3)`, so a ring of empty accounts contributes
+    ~0 even when cross-confirmed. **Ring analysis** — `useTradeRings` does a
+    **2-hop** query of the partners' own attestations and measures **closedness**
+    (share of possible partner↔partner trades); `≥3` partners with `≥0.5`
+    closedness flags a closed cluster. ⚠️ **PoW (NIP-13) is the remaining lever**
+    but requires **mining at publish** (and a read-side verifier) — a verifier
+    alone does nothing because no events carry a `nonce` yet. Deferred.
 - **Cashu escrow** (marketplace): time-locked **P2PK** (lock to seller + buyer
   refund key + locktime) — see **`ESCROW.md`** and `src/lib/cashuEscrow.ts`
   (unit-tested). Protocol: `cashu_token` on the `31872`; each user advertises a
diff --git a/src/components/TradeReputationCard.tsx b/src/components/TradeReputationCard.tsx
index 4b1ffa6..2f7689a 100644
--- a/src/components/TradeReputationCard.tsx
+++ b/src/components/TradeReputationCard.tsx
@@ -1,6 +1,7 @@
 import { Card, CardContent, CardHeader, CardTitle } from '@/components/ui/card';
 import { useTradeReputation } from '@/hooks/useTradeAttestations';
 import { useBatchTrustScores } from '@/hooks/useBatchTrustScores';
+import { useBatchActivity, useTradeRings } from '@/hooks/useTradeIntegrity';
 import { cn } from '@/lib/utils';
 import { Handshake } from 'lucide-react';
 
@@ -23,9 +24,14 @@ function Stat({ label, value, accent }: { label: string; value: number; accent?:
 export function TradeReputationCard({ pubkey, className }: { pubkey: string; className?: string }) {
   const { data } = useTradeReputation(pubkey);
   const verifiedWith = data?.verifiedWith ?? [];
+  const partnerPubkeys = verifiedWith.map((v) => v.pubkey);
   // Trust-weight each mutually-confirmed trade by the counterparty's web-of-trust
   // score, so a ring of fresh accounts can't inflate reputation.
-  const { data: scores } = useBatchTrustScores(verifiedWith.map((v) => v.pubkey));
+  const { data: scores } = useBatchTrustScores(partnerPubkeys);
+  // Anti-sybil depth: weight by REAL activity (spots/listings), and look for a
+  // closed partner cluster (accounts that mostly trade with each other).
+  const { data: activity } = useBatchActivity(partnerPubkeys);
+  const { data: rings } = useTradeRings(pubkey, partnerPubkeys);
 
   const total = (data?.sales ?? 0) + (data?.purchases ?? 0);
   if (!data || total === 0) return null;
@@ -33,8 +39,12 @@ export function TradeReputationCard({ pubkey, className }: { pubkey: string; cla
   const people = data.verifiedCounterparties;
   // Cap each counterparty's contribution at 3 so one partner — or a colluding
   // pair confirming each other over and over — can't inflate the score.
+  // Activity factor: a fresh account with no published content contributes ~0,
+  // so a ring of empty accounts can't move the score even if cross-confirmed.
+  const activityFactor = (pk: string) => Math.min(1, (activity?.get(pk) ?? 0) / 3);
   const weighted = verifiedWith.reduce(
-    (sum, v) => sum + Math.min(v.count, 3) * ((scores?.get(v.pubkey) ?? 0) / 100),
+    (sum, v) =>
+      sum + Math.min(v.count, 3) * ((scores?.get(v.pubkey) ?? 0) / 100) * activityFactor(v.pubkey),
     0,
   );
   const trustLabel =
@@ -87,9 +97,15 @@ export function TradeReputationCard({ pubkey, className }: { pubkey: string; cla
             for each other can look busy — treat this record with care.
           </p>
         )}
+        {rings?.isRing && (
+          <p className="rounded-md border border-amber-500/30 bg-amber-500/10 px-2 py-1.5 text-xs text-amber-300">
+            🔁 These accounts mostly trade with each other — a closed cluster. Mutual
+            confirmation inside a ring is weak evidence.
+          </p>
+        )}
         {data.verified > 0 && (
           <p className="text-xs text-gray-500">
-            Trust-weighted <span className="font-bold text-[#ccff00]">{weighted.toFixed(1)}</span>
+            Trust &amp; activity weighted <span className="font-bold text-[#ccff00]">{weighted.toFixed(1)}</span>
             {' · '}
             {trustLabel}
           </p>
diff --git a/src/hooks/useTradeIntegrity.ts b/src/hooks/useTradeIntegrity.ts
new file mode 100644
index 0000000..4918bff
--- /dev/null
+++ b/src/hooks/useTradeIntegrity.ts
@@ -0,0 +1,98 @@
+/**
+ * Anti-sybil integrity signals for marketplace reputation.
+ *
+ *  - `useBatchActivity` — how much REAL content a set of pubkeys has published
+ *    (spots + listings). A ring of fresh accounts has ~0, so its confirmations
+ *    can be weighted down to ~0 even when the trade graph looks busy.
+ *  - `useTradeRings` — a 2-hop look at the peer group: do a pubkey's trading
+ *    partners also trade **with each other**? A closed cluster is the signature
+ *    of a mutual-vouching ring.
+ *
+ * Both never throw; they degrade to neutral values.
+ */
+import { useQuery } from '@tanstack/react-query';
+import { useNostr } from '@nostrify/react';
+import { SKATE_SPOT_KIND, MARKETPLACE_ITEM_KIND } from '@/lib/types';
+import { TRADE_ATTESTATION_KIND } from '@/hooks/useTradeAttestations';
+import { onlyVerified } from '@/lib/verifyEvents';
+
+/** Published content count per author (spots + listings). */
+export function useBatchActivity(pubkeys: string[]) {
+  const { nostr } = useNostr();
+
+  return useQuery({
+    queryKey: ['batch-activity', [...pubkeys].sort().join(',')],
+    enabled: pubkeys.length > 0,
+    staleTime: 30 * 60 * 1000,
+    queryFn: async (c): Promise<Map<string, number>> => {
+      const signal = AbortSignal.any([c.signal, AbortSignal.timeout(8000)]);
+      const counts = new Map<string, number>();
+      pubkeys.forEach((pk) => counts.set(pk, 0));
+      try {
+        const events = onlyVerified(await nostr.query(
+          [{ kinds: [SKATE_SPOT_KIND, MARKETPLACE_ITEM_KIND], authors: pubkeys, limit: 500 }],
+          { signal },
+        ));
+        for (const ev of events) counts.set(ev.pubkey, (counts.get(ev.pubkey) ?? 0) + 1);
+      } catch {
+        /* leave the zeros */
+      }
+      return counts;
+    },
+  });
+}
+
+export interface RingAnalysis {
+  /** Distinct partners considered. */
+  partners: number;
+  /** 0..1 — share of possible partner↔partner trades that exist. */
+  closedness: number;
+  /** A self-contained group: ≥3 partners who all trade with one another. */
+  isRing: boolean;
+}
+
+/**
+ * Is the pubkey's mutual-trade partner set a **closed cluster**? We fetch each
+ * partner's attestations (one query) and count edges between the partners
+ * themselves — a full clique means they vouch for each other, not the wider
+ * scene.
+ */
+export function useTradeRings(pubkey: string | undefined, partners: string[]) {
+  const { nostr } = useNostr();
+  const partnerKey = [...partners].sort().join(',');
+
+  return useQuery({
+    queryKey: ['trade-rings', pubkey, partnerKey],
+    enabled: !!pubkey && partners.length >= 3,
+    staleTime: 10 * 60 * 1000,
+    queryFn: async (c): Promise<RingAnalysis> => {
+      const signal = AbortSignal.any([c.signal, AbortSignal.timeout(10000)]);
+      const partnerSet = new Set(partners);
+      const members = new Set<string>([...(pubkey ? [pubkey] : []), ...partners]);
+
+      const events = onlyVerified(await nostr.query(
+        [{ kinds: [TRADE_ATTESTATION_KIND], authors: partners, limit: partners.length * 50 }],
+        { signal },
+      ));
+
+      const partnerPairs = new Set<string>();
+      for (const ev of events) {
+        const counterparty = ev.tags.find(([n]) => n === 'p')?.[1];
+        if (!counterparty || counterparty === ev.pubkey) continue;
+        if (!members.has(ev.pubkey) || !members.has(counterparty)) continue;
+        // Only edges BETWEEN partners (the subject's own edges don't count).
+        if (partnerSet.has(ev.pubkey) && partnerSet.has(counterparty)) {
+          partnerPairs.add([ev.pubkey, counterparty].sort().join(':'));
+        }
+      }
+
+      const possible = (partners.length * (partners.length - 1)) / 2;
+      const closedness = possible > 0 ? partnerPairs.size / possible : 0;
+      return {
+        partners: partners.length,
+        closedness,
+        isRing: partners.length >= 3 && closedness >= 0.5,
+      };
+    },
+  });
+}