Agentic Payments on Coinbase Base Surpass 100 Million Transactions, Chainalysis Cites x402 Protocol

Agentic payment activity on Coinbase’s Base network surpassed 100 million transactions, according to a Chainalysis report cited by Cryptonews.net.

“blockchain0x is an early-stage infrastructure project focused on a practical problem emerging at the intersection of AI and crypto: how to give autonomous AI agents the ability to hold money, follow budgets, and get paid”

Blockchain Council

The report says wallets interacting with Coinbase’s x402 protocol generated more than 100 million transactions on Base within roughly nine months of launch, with the x402 protocol described as letting software agents make onchain payments directly through web requests.

Blockchain Council

Cryptonews.net links early growth to a memecoin experiment called PING, which required users to make a payment through the protocol to mint tokens, and says activity moderated after the PING frenzy subsided while usage did not collapse.

Chainalysis data cited by Cryptonews.net says transaction volumes stabilized while the value of transfers increased, with transactions worth more than $1 accounting for roughly 49% of total value transferred through x402 in early 2025 and climbing to 95% by early 2026.

The same Cryptonews.net article frames the shift as agentic payments moving beyond micropayments, while also pointing to renewed interest tied to the rise of AI tools and the view that AI agents could soon account for a significant share of onchain activity.

Blockchain Council’s blockchain0x describes itself as early-stage infrastructure for AI agents that need wallets, budgets, and a public payment identity, with an initial emphasis on accepting USDC on Base.

The project’s positioning, as laid out by Blockchain Council, centers on enabling developers to give every AI agent a wallet, a budget, and a public payment identity, and it ties that to expectations that AI agents will transact economically at massive scale.

Bolsamania

Blockchain Council quotes Circle CEO Jeremy Allaire as stating that within three to five years there may be billions of AI agents conducting economic activity continuously, using crypto and stablecoins for everyday payments.

In the same Blockchain Council piece, PwC is cited as arguing that digital assets are being embedded into payments, settlement, and treasury workflows, with institutional adoption described as structurally durable.

Blockchain Council also says blockchain0x’s stated primitives include “Wallet per agent” and “USDC on Base,” while noting that detailed technical documentation, audits, token model information, and architectural specifics are not publicly visible in the referenced landing-page snapshot.

Worldline and ING announced the successful execution of Europe’s first end-to-end agentic payment transaction in production with Mastercard, completed between an ING cardholder and a merchant in the Netherlands.

“Your AI has just made several payments while you were reading this headline”

CoinDesk

The Worldline and ING announcement says the solution operates on the same underlying infrastructure across Belgium and runs across Mastercard network, using Mastercard’s secure authentication and authorisation mechanisms alongside Worldline processing.

Worldline’s Madalena Cascais Tomé said, "Agentic commerce is no longer theoretical, it is production-ready today," and described the transaction as proving Worldline is enabled across acceptance, acquiring, authentication and issuer processing at a pan-European level.

ING’s Hans Overeem said, "We’re excited about this concrete move towards shaping a future where seamless, intelligent interactions redefine the way we engage with banking and online shopping," and framed the collaboration as a foundation for ING’s continued role as a trusted partner.

The Worldline and ING release says the transaction model includes consumer-driven approval, with the consumer remaining directly involved in the final purchase decision, and it describes explicit identifiers that reveal its agentic nature to the issuing bank.