"The x402 protocol aims to enable "agentic payments" by embedding stablecoin micropayments directly into the internet’s communication layer so AI agents and software can pay each other automatically. Despite a roughly $7 billion ecosystem valuation, onchain data shows that x402 currently processes only about $28,000 in daily volume, much of it from testing and "gamed" transactions rather than real commerce. Supporters argue that x402’s true utility will emerge as more AI-driven, pay-per-use services come online, but for now the narrative around agentic commerce is running ahead of actual adoption."