Coinbase’s x402 transactions explode over 10,000% in a month

An online payments protocol introduced by Coinbase successful May that enables AI agents to transact successful stablecoins implicit the net has seen much than a 10,000% summation successful transaction enactment implicit a past month.

At the time, Coinbase said x402 fixes “the internet’s archetypal mistake” by resurrecting the Internet Communication Protocol’s Hypertext Transfer Protocol 402 — oregon HTTP 402 — to make a seamless outgo strategy autochthonal to the internet.

It lets AI — and humans — wage straight portion utilizing a website oregon app: they petition something, person a HTTP 402 “Payment Required” prompt, and past nonstop a signed stablecoin payment, which x402 past verifies automatically. No recognition cards required.

There were astir 500,000 x402 transactions betwixt Oct. 14 and 20, marking a 10,780% emergence successful examination to levels seen 4 weeks earlier, according to Dune Analytics data.

Transaction enactment went adjacent higher connected Friday, with different Dune Analytics data showing a grounds 239,505 transactions were made, portion connected Thursday, a grounds $332,000 successful transaction measurement was posted.

Source: Brian Armstrong

It comes arsenic tech-focused task superior steadfast a16z’s crypto limb mentioned agentic AI successful its 2025 State of Crypto report earlier this week — wherever it anticipated that autonomous transactions could scope $30 trillion by 2030.

Without the request for human intervention successful managing API calls, storage, and computation, agentic AIs could alteration everything from self-driving taxis covering their ain costs with stablecoins to apps automatically utilizing stablecoins to store information permanently, Coinbase improvement squad members Kevin Leffew and Lincoln Murr said successful August.

In a constricted manner, AI agents are already trading crypto by analyzing marketplace data, executing bargain oregon merchantability orders, and optimizing portfolios successful existent clip without quality intervention.

CoinGecko lists x402 tokens arsenic a caller category

Developers are present leveraging x402’s plan to motorboat tokens straight — fueling a question of x402-powered memecoin launches, KuCoin Ventures noted connected X.

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The emergence prompted CoinGecko to track x402 tokens arsenic a caller ecosystem, which has boomed into a adjacent $180 cardinal market, up 266% implicit the past 24 hours.

Source: CoinGecko

Ethereum is the champion acceptable for HTTP 402

Leffew and Murr said Ethereum’s trustless colony layer makes it the perfect blockchain for HTTP 402 implementation, noting that it makes invoices and quality chargebacks acold much businesslike than accepted processes.

“They request atomic payments, programmable policies, and composable wallets. Ethereum and stablecoins springiness them precisely that.”

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