Coinbase CEO Brian Armstrong Says X402 Transactions ‘Growing Like Crazy’ As Activity Soars 10,000% In A Month
Coinbase CEO Brian Armstrong said X402, the online payments protocol that enables AI agents to transact over the internet, is ”growing like crazy” as transactions surged more than 10,000% in a month. When Coinbase launched x402 in May, it said that the protocol “fixes the internet’s first mistake” by resurrecting the Internet Communication Protocol’s Hypertext Transfer Protocol 402 to create a seamless payment system native to the internet. The protocol makes it possible for AI agents and humans to pay directly in stablecoins while using a website or app. Transaction activity on the protocol skyrocketed in October. Data from Dune Analytics shows that between Oct. 14 and Oct. 20, there were 500,000 transactions on the protocol, which is a 10,780% increase compared to levels seen four weeks earlier. X402 Sets Two New Records Transaction activity continued to soar this week. On Thursday, transaction value on the x402 protocol reached a ...