Coinbase’s Base Network Surpasses 100 Million Agentic Transactions
- Agentic payment activity on Coinbase’s Base network has exceeded 100 million transactions within nine months of the x402 protocol’s launch.
- The x402 protocol enables software agents to make stablecoin payments automatically through web requests, eliminating the need for human authorization.
- In early 2025, transactions over $1 represented about 49% of total value transferred, increasing to 95% by early 2026.
- The initial surge in transactions was largely driven by a memecoin project called PING, which incentivized users to engage with the protocol.
- Weekly wallet retention for agentic payments on Base has shown an upward trend, indicating sustained user engagement.
The rise of AI tools is fueling interest in agentic payments, as they allow for automated transactions around the clock without user intervention. Industry leaders believe that AI agents could significantly increase onchain activity and demand for stablecoins.
With over 100 million transactions, Coinbase’s x402 protocol illustrates a growing trend towards machine-to-machine payments in cryptocurrency networks.(Source)
