Solana Surpasses Base with 518,400 x402 Transactions

On January 20, Solana (SOL) processed 518,400 x402 transactions in a single day, surpassing Base for the first time in six months. The number of x402 transactions on Solana was approximately 2.6% higher than Base's 505,000 transactions. The transaction amounts were reported to be around $34,600 for Solana and about $34,300 for Base. The x402 protocol utilizes the HTTP status code '402 Payment Required' to handle internet service payments on-chain and supports multiple networks. Solana accounts for about 70% of the total transaction volume for x402, with cumulative x402 transactions exceeding 35 million. Solana's daily total transaction count often exceeds 100 million, while Base remains at several million. However, it is difficult to determine the winner of the chain competition based solely on transaction counts. Recently, the Coinbase team connected x402 micropayments to Slack. Ramp has added Solana-based x402 AI agent wallet functionality, allowing corporate clients to fund and pay for paid resources. The increase in x402 transactions is interpreted as an indicator of the frequency of AI agent payments and stablecoin usage.

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