Coinbase’s x402 protocol for AI transactions in stablecoins online has seen a 10,780% surge in activity, with nearly 500,000 transactions in a week and records set for volume and transaction numbers. Venture capital firm a16z predicts autonomous transactions could reach $30 trillion by 2030. AI agents are already trading crypto.

Developers are launching tokens using x402’s design, leading to a wave of memecoin launches. CoinGecko now tracks x402 tokens as a new ecosystem worth nearly $180 million, up 266% in 24 hours. Ethereum is seen as the best fit for HTTP 402 implementation, thanks to its trustless settlement layer and efficiency in processes like invoices and chargebacks.

Read more at Cointelegraph: Coinbase’s x402 Transactions Rise 10,000% in a Month