Analysis: x402 protocol’s average daily transaction volume stands at only 28,000 USD, highlighting a lag in demand for proxy payments

The x402 protocol facilitates automated payments between AI agents and software using stablecoins, yet currently processes about 28,000 USD daily, with an average of 0.20 USD per transaction.

The x402 ecosystem is valued at approximately 7 billion USD, largely influenced by Chainlink’s LINK tokens. Analysts express concerns about overhyped expectations for the agent economy’s growth in the near future.