Key facts
- Agentic payment activity on Coinbase's Base network has exceeded 100 million transactions.
- This milestone suggests machine-to-machine payments are moving beyond the proof-of-concept stage.
- Wallets interacting with Coinbase's x402 protocol generated the transactions.
- The x402 protocol enables software agents to make onchain payments directly via web requests.
- These payments can be automatically completed using stablecoins without human authorization.
Agentic payment activity on Coinbase's Base network has surpassed 100 million transactions, indicating that machine-to-machine payments are progressing beyond the proof-of-concept stage in onchain environments. According to a Chainalysis report, wallets interacting with Coinbase's x402 protocol generated over 100 million transactions on Base within approximately nine months of the protocol's launch. The x402 protocol is designed to allow software agents to execute onchain payments directly through web requests. This functionality enables automatic stablecoin payments for accessing resources like data feeds or APIs, without requiring explicit human authorization.