TRM Labs Reports Minimal AI Agent Activity in x402 Payments
- TRM Labs examined $52.7 million across 198.9 million settlements on Base, Solana, and Polygon.
- After filtering, $25.62 million was identified as likely commerce.
- AI agents accounted for only between 0.6%–7.5% of the remaining value.
- USDC made up 99.6% of the settled value, totaling $52.47 million.
- Binance, Coinbase, and Amazon have been investing in agent payment systems.
TRM Labs’ analysis shows that most payment volume on Coinbase’s x402 protocol does not originate from AI agents, despite significant investments in agent payment systems by major companies like Binance and Amazon.
The report highlights a small percentage of transactions involving AI agents, with USDC dominating the settled value across platforms like Base and Solana, indicating limited AI-driven commerce activity at present.(Source)
