Coinbase's x402 Protocol Sees Explosive 10,000% Transaction Surge, Driven by PING Token

Coinbase's x402 protocol experienced a 10,000% surge in transaction activity, reaching nearly 500,000 transactions in seven days. The open-source system enables AI-powered stablecoin payments and has seen a 10,780% increase in transaction volume. The PING token drove 31,000 new buyers and $3.5 million daily volume, according to Phemex data. The protocol supports direct stablecoin payments triggered by HTTP 402 "Payment Required" status, ideal for seamless AI-human interactions on apps and websites.