Solana Tops Base as x402 AI‑Agent Payments Surge to $380K Daily

Published: 2025-12-02 16:14:42 |

Solana (SOL) has overtaken Base as the most active network by dollar volume for x402 protocol transactions after logging an all‑time high of about $380,000 in daily payment volume and roughly 750% week‑on‑week growth as of Nov. 30. The spike reflects real usage of HTTP‑402 pay‑per‑request stablecoin transfers by AI agents and bots — described as recurring, machine‑driven payments rather than pure speculative flows. Although absolute volumes remain small versus DeFi and spot trading, the development signals growing on‑chain utility for Solana. SOL briefly recovered (~1.6% in 24h at time of reporting) alongside positive sentiment around Solana ETFs, with analysts eyeing a reclaim of the $140 channel and upside toward $155 (50‑week MA) if momentum continues. Key points: 380K daily x402 volume (ATH), ~750% weekly growth, SOL price modestly up amid ETF flows, on‑chain payments by AI agents driving real usage. Primary keywords: Solana, x402, SOL, AI payments, on‑chain volume. Secondary/semantic keywords: HTTP‑402, stablecoin transfers, ETFs, trading volume, machine‑driven demand.

Bullish

The news is bullish for SOL because it documents real, revenue‑like on‑chain activity — an ATH $380K daily payment volume and 750% weekly growth — driven by AI agents using HTTP‑402 pay‑per‑request stablecoin transfers. Real utility metrics (payments, recurring flows) tend to improve narrative and demand fundamentals more reliably than short‑lived speculative spikes. Additionally, concurrent positive ETF sentiment and inflows (recently mixed but still a factor) support price upside: analysts expect SOL to test $140 and potentially $155 if momentum continues. Short‑term impact: modest price uplift and increased trader interest in SOL, potential intraday volatility as algos and momentum traders react to on‑chain prints. Long‑term impact: repeated growth in machine‑driven payments could broaden Solana’s use cases, attract developer and merchant activity, and provide a sustained demand base beyond DeFi/speculative trading — a structural bullish factor. Caveats: absolute volumes remain small vs DeFi and spot markets, and wash trading or concentrated bot activity could distort metrics; ETF outflows or macro negative shocks could negate gains. Historical parallels: network utility spikes (e.g., periods when NFT or gaming activity rose on specific chains) initially lift sentiment and price, but sustaining that requires recurring user/merchant adoption.