AI Agent · Agentic AI · Coinbase · Circle · Cointelegraph
Agentic payment activity tops 100M transactions on Base
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New data suggests AI-driven payment rails are evolving beyond experimentation as users are making more higher-value transfers.
Key facts
- In early 2025, transactions worth more than $1 accounted for roughly 49% of total value transferred through x402
- Several crypto industry leaders, including Coinbase CEO Brian Armstrong and Circle CEO Jeremy Allaire, have argued that AI agents could soon account for a significant share of onchain activity
- Agentic payment activity on Coinbase’s Base network has surpassed 100 million transactions, signaling that machine-to-machine payments are moving beyond the proof-of-concept stage in onchain
- According to a new Chainalysis report, wallets interacting with Coinbase's x402 protocol generated more than 100 million transactions on Base within roughly nine months of launch
Summary
Agentic payment activity on Coinbase’s Base network has surpassed 100 million transactions, signaling that machine-to-machine payments are moving beyond the proof-of-concept stage in onchain environments. According to a new Chainalysis report, wallets interacting with Coinbase's x402 protocol generated more than 100 million transactions on Base within roughly nine months of launch. The x402 protocol allows software agents to make onchain payments directly through web requests. Much of x402’s early growth was driven by a memecoin experiment called PING, which required users to make a payment through the protocol to mint tokens.