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Coinbase CEO Brian Armstrong mentioned X402, the web funds protocol that allows AI brokers to transact over the web, is ”rising like loopy” as transactions surged greater than 10,000% in a month.
When Coinbase launched x402 in Might, it mentioned that the protocol “fixes the web’s first mistake” by resurrecting the Web Communication Protocol’s Hypertext Switch Protocol 402 to create a seamless fee system native to the web.
The protocol makes it doable for AI brokers and people to pay straight in stablecoins whereas utilizing a web site or app.
Transaction exercise on the protocol skyrocketed in October. Knowledge from Dune Analytics reveals that between Oct. 14 and Oct. 20, there have been 500,000 transactions on the protocol, which is a ten,780% improve in comparison with ranges seen 4 weeks earlier.
X402 Units Two New Information
Transaction exercise continued to soar this week. On Thursday, transaction worth on the x402 protocol reached a report $332,000 in worth, and 24 hours later it was a report 239,505 transactions, extra Dune Analytics information reveals.
“X402 rising like loopy,” mentioned Armstrong in an Oct. 25 publish on X.
KuCoin Ventures mentioned in an X publish that the x402 fee rail noticed over 19,000 customers take part a single day.
Use a fee protocol as a Launchpad? 🚀
Coinbase-backed open-source fee rail x402 simply exploded—19K+ customers in a single day, 128K txns, $124K in quantity 🔥
x402 bakes funds into vanilla HTTP request-response:
Consumer hits endpoint → Server 402’s again with `x402-PayTo`… pic.twitter.com/INykohDlxw— KuCoin Ventures (@KuCoinVentures) October 24, 2025
CoinGecko Lists x402 Tokens As A New Class
Builders have additionally not too long ago been leveraging x402’s design to launch tokens straight. This has led to a wave of x402-powered meme coin launches, based on KuCoin Ventures.
The current surge within the variety of x402 meme cash has seen crypto market tracker CoinGecko launch a brand new class on its platform that tracks the marketplace for these tokens.
Market class monitoring x402 meme cash (Supply: CoinGecko)
In accordance with CoinGecko, the entire market cap for x402 meme cash has soared over 260% previously 24 hours, and stands at over $177.98 million.
Among the high performers previously 24 hours embrace FREGO, Capminal (CAP) and Karum (KARUM).
FREGO soared greater than 152% previously day of buying and selling, extending its weekly acquire to over 321%.
In the meantime, CAP and KARUM pumped greater than 89% within the final 24 hours.
Agentic Transactions May Attain $30 Trillion By 2030
The surge in x402 exercise comes as enterprise capital agency a16z’s crypto arm highlighted agentic AI in its State of Crypto 2025 report earlier this week.
“Protocol requirements reminiscent of x402 are rising as a possible monetary spine for autonomous AI brokers, serving to them make micro-transactions, entry APIs, and settle funds with out intermediaries — an financial system that Gartner estimates may attain $30 trillion by 2030,” the agency mentioned in its report.
X402’s development additionally comes amid a stablecoin market growth, which was ignited by the signing of the GENIUS Act by US President Donald Trump in July.
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