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Visa and Artemis Report: x402 Protocol Processes $15M in Transaction Volume One Year After Launch

Project Progress Industry Reports AI Agent

2026-07-28 10:59:51

SOL-4.32%

According to a joint report from Visa and Artemis, x402 protocol—launched in May 2025—has processed $15 million in transaction volume and 109.6 million transactions as of April 21, 2026. The protocol, developed by Coinbase and Cloudflare, serves AI agent-to-machine micropayments (transactions under $1), with activity concentrated on Base, Solana, and Polygon, settled primarily in USDC. The report also noted that Stripe and Tempo's MPP protocol, which launched in March 2026 with Visa participation, recorded $25,000 in transaction volume and 115,000 transactions in its first 33 days. Both protocols address emerging demand for high-frequency small-value payments between AI agents as blockchain settlement costs decline.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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