Solana Captures 69% Share of x402 Transactions, Surpassing Base

Data shows Solana now handles the majority of x402 protocol activity, despite Coinbase’s early advantage with Base.

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Summary

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Terms & Concepts
  • x402: A protocol or framework designed for efficient routing of blockchain transactions to the most cost-effective execution network.
  • Base: A layer-2 blockchain built on Ethereum, developed by Coinbase to provide faster and cheaper transactions.
  • Solana: A high-performance blockchain known for its fast transaction speeds and low fees, often used for decentralized applications.