Deep Tide TechFlow News, March 11 — According to CoinDesk, Coinbase-supported AI payment protocol x402 aims to embed stablecoin micro-payments into the internet communication layer to enable automated payments between AI agents. However, on-chain data shows that the protocol currently has an average daily transaction volume of only about $28,000, with roughly half of the transactions being tests or "fake volume" activities, not genuine commercial transactions. Although the ecosystem valuation is approximately $7 billion (including Chainlink LINK tokens), actual usage is severely disconnected from the valuation. Analysts point out that the true value of x402 will only become apparent after the widespread adoption of AI-driven on-demand paid services, and the current narrative of agent payments is clearly ahead of actual adoption.