Dexter Surpasses Coinbase as Top Daily x402 Facilitator
In a significant development, Dexter has overtaken Coinbase as the top daily x402 facilitator, processing 19.8 million transactions and about half of all x402 payments since December 11th.
Key Highlights
Summary
- Dexter has overtaken Coinbase as the largest daily facilitator of x402 transactions since December 11th.
- The AI-focused protocol has processed a total of 19.8 million x402 transactions, trailing Base by about 14 million.
- Data from Hashed Official and Dune Analytics confirm that Dexter now processes around 50% of daily x402 volume.
According to data from Hashed Official, Dexter has surpassed Coinbase to become the largest daily intermediary for x402 transactions as of December 11th. This shift in the x402 transaction facilitation landscape marks a significant change, as established cryptocurrency exchanges like Coinbase had previously dominated this sector.
The AI protocol has enabled over 19.8 million transactions in total, putting it 14 million transactions behind the Base network, as cited by Hashed Official. The data from Dune Analytics, a platform that tracks blockchain transaction activity across multiple networks and protocols, confirms the transaction volume.
Dexter’s rise to the top position is a notable development, and according to the published figures, the data reflects the transaction volume processed up to December 11th. While the specific factors contributing to Dexter’s increased transaction volume are not detailed, this change highlights the evolving nature of the x402 transaction facilitation sector.
For more information on this development and the latest updates on x402 transactions, visit https://crypto.news/dexter-bulls-overtake-coinbase-in-daily-x402-payments-race/
