- Use of the payment protocol x402, developed by Coinbase, among AI-powered agents surged sharply in the past week.
- Transactions using x402 increased by more than 4,300% to reach 957,000.
- Support for the x402 protocol has come from major companies like Cloudflare and Google.
- x402 enables instant cryptocurrency payments with almost no fees over any blockchain without requiring accounts or subscriptions.
- Although transaction numbers are growing rapidly, total value remains low at about $1.1 million over the last week.
AI-powered agents have rapidly adopted x402, a payment protocol created by Coinbase, for buying and selling goods and services. Over the past seven days, the number of transactions increased by more than 4,300%, totaling 957,000 transfers. This growth follows the protocol’s design to facilitate instant crypto payments with near-zero fees.
According to data from x402scan.com, agents using the protocol for purchases grew by over 30,000%, while sales rose 368%. The protocol has gained backing from major tech firms including Cloudflare and Google. Google announced in September plans to integrate x402 into its agentic payment protocol, AP2. The same month, Cloudflare revealed NET Dollar, a US dollar-backed stablecoin leveraging x402.
Coinbase built x402 on top of the HTTP protocol, which commonly signals a payment is needed with the HTTP 402 code when purchases occur online. X402 empowers agents to make instant crypto payments directly via HTTP without the need for accounts or subscriptions. As Gregor Frick, partner at Renaud Partners, explained on X, x402 acts as a “pay-per-use layer for the internet itself,” enabling automatic payments per request.
Despite the rapid rise in transaction count, the total value remains modest. Nearly one million transactions processed in the past week amounted to roughly $1.1 million. Fewer than 100 transactions exceeded $100 in value.
The growth of x402 coincides with broader efforts to promote blockchain as a means to support an “agentic economy” of AI bots handling tasks like shopping and money management. Last month, the Ethereum Foundation launched dAI, a team aimed at enhancing Ethereum’s role for agents, alongside developers from ConsenSys releasing a protocol for decentralized agent coordination without centralized intermediaries.
On Saturday, crypto data provider CoinGecko began tracking crypto assets linked to x402-powered agents, marking increased attention to this emerging payment method.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- XRP Ledger’s Batch Amendment Nears Activation with NFT Trading Boost
- Investor Demand Soars for Teucrium’s 2x Long Daily XRP ETF
- Ripple XRP Forms Bitcoin Death Cross, Is a 20% Surge Imminent?
- Bitcoin Breaks $112K as Fed Rate Cut Boosts Market Optimism
- Nexo Adjusts Savings Rates and Minimum Balance Requirements for EEA Users
