In the past week, AI agents transferred 3.3 million USDC on Solana via the x402 protocol, accounting for nearly 65% of total volume recorded over the last 90 days, which reached 5.1 million transfers. The average transaction remains under 0.50 dollars, indicating an economy based on automated micropayments between machines rather than large trades. Solana dominates this sector by processing approximately 70% of monthly x402 transaction volume, with over 35 million cumulative transactions. The protocol is backed by a consortium including Solana Foundation, Coinbase, Cloudflare, Stripe, and Visa, while the x402 Foundation oversees its governance.
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