Coinbase x402 Protocol Processes 500,000 Transactions in One Week, Up 10,780% From Prior Month
Coinbase's x402 payments protocol processed nearly 500,000 transactions between October 14 and October 20, marking a 10,780% increase from the previous month, according to Dune Analytics data. The protocol enables AI agents and users to conduct instant stablecoin payments without intermediaries by utilizing the HTTP 402 status code. Friday recorded the highest daily transaction count at 239,505, while Thursday saw peak transaction volume reaching $332,000.