Algorand’s daily x402 settlements surged from 1,300 to 40,600 in just five days, representing roughly a 30x increase, driven by the Global x402 Challenge. The network has processed over 177,000 transactions across approximately 800 endpoints. Coinbase’s x402 protocol, based on HTTP status code 402, enables AI agents to pay for individual requests in stablecoins instantly and at low cost. The challenge offers a prize pool of $100,000 and 500,000 ALGO, running through November 2026 with finals scheduled at Devcon 8 in Mumbai.
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