Key Takeaways:
- Coinbase’s x402 protocol has surpassed 100 million transactions on Base within three quarters.
- Above $1 transfers now represent 95% of the number of payments received (up from the 49% recorded a year ago).
- Indicators of higher agentic payment onsite indicate that on-the-ground value is starting to emerge.
Machine-to-machine payments have long been viewed as a future application for crypto. A new Chainalysis report suggests that the future is starting to take shape on Base through Coinbase’s x402 protocol.
The network has now processed more than 100 million transactions, offering one of the strongest signals yet that AI agents may become active participants in the digital economy.
x402 Reaches a Major Milestone
Developed by Coinbase, x402 allows software agents to make onchain payments automatically when accessing digital resourc...
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