Agentic Payments Are Growing, but Most x402 Payments Aren’t From AI Agents

The emerging infrastructure for autonomous artificial intelligence agents to spend money online may be developing faster than the agents themselves. A new analysis by blockchain intelligence company TRM Labs found that only a fraction of payments flowing through x402 , one of the most prominent protocols designed for machine-to-machine commerce, can be attributed to autonomous AI agents. TRM examined about $52.7 million in value across 198.9 million x402 settlement transactions on the Base , Sol