AI Agents Execute 138 Million Crypto Payments via Coinbase Protocol

AI agents have completed over 138 million transactions using cryptocurrency to purchase data, computing power, and access to AI models through Coinbase’s x402 protocol on Base blockchain. U.S.-linked wallets accounted for 88.1% of identified payments for AI model inference, while Chinese-linked wallets dominated payments for security and code-analysis services. Over 87% of analyzed x402 payments were valued at 10 cents or less, highlighting stablecoins' suitability for micropayments, though this does not confirm genuine commercial demand.