I just searched for it, and currently x402 has processed a total of 50 million transactions, with an average transaction amount of $0.2, and the median is directly $0.01.
These data represent that x402 is thriving as the cornerstone of the proxy payment economy, and small amounts are becoming its main form of payment.
It is foreseeable that in the future, the x402 protocol should become a payment protocol standard designed for machines and universally applicable.
However, under a unified standard, some variations have also emerged, such as the x402 protocol from GOAT Network.
Who is stronger or weaker is a matter of debate within the community.
However, for me, it is not necessarily a competitive relationship, but rather a choice under different backgrounds.
Coinbase provides a 'fast food-style' boundary service, whereas the GOAT Network offers a delicately crafted dinner that leaves a lasting taste.
I simply made a diagram to show the differences inside:
This table mainly reflects
1. Although Coinbase's solution significantly lowers the access threshold, it is essentially a 'trust black box'. Developers must trust that Coinbase won't go offline, won't censor, and can always stay accurate.
While everyone is working on decentralization, it must be thoroughly decentralized to be the best choice.
Just like the recent DeFi revolution against centralized finance, the NFT revolution impacts the traditional collectibles market.
Payments should also undergo a thorough revolution.
2. You can clearly see that Coinbase focuses more on 'payments themselves,' while the GOAT Network introduces the ERC8004 protocol.
Actually, I have a question here: the inventor of ERC8004 is also the inventor of the x402 protocol. Why not adopt it?
I strongly agree with a viewpoint: AI agents are not an address or a symbol, but autonomous, conscious, emotional, and reputable 'robots'.
Since it's 'people', there are naturally bad people and good people. Providing them with a unique identity via the ERC8004 protocol to determine whether to allow them to perform payment operations is crucial.
Similarly, everyone's Alipay Sesame Credit 🐶
3. Actually, this is a perennial topic: previously it was to achieve large-scale adoption of Web3 in the human world, now it is to achieve large-scale adoption of Web3 in the agent world.
It is important to meet the real needs of agents, such as multi-chain payment behaviors, low barriers to use, and self-selected paths.
The GOAT Network makes 'acceptable payment methods' extremely flexible through the routing layer, laying the foundation for agents to choose crypto payments over traditional payments.
4. As a crypto OG, it is undeniable that whether in any scenario or facing anyone, BTC is always the top recommendation, and the same goes for agents.
The previous collapses of Web3 giants like FTX and Luna fully illustrate the risks of centralization and single choices.
For over a decade, BTC has remained consistent, while the GOAT Network aligns with Bitcoin through BitVM2, providing users with a reliable withdrawal path and ultimate settlement rights, which is far superior in terms of trust levels compared to typical execution network settlements.
🆚Just like
Coinbase x402 is like a 'toll booth on the highway'—convenient but with gatekeepers, suitable for small applications pursuing extreme speed and convenience.
GOAT is like the 'intelligent highway network'—autonomous, efficient, and durable. However, if we want to build a global, decentralized agent business network, the complete stack provided by the GOAT Network, which offers minimal trust, persistent identity, and uses Bitcoin as a security anchor, is undoubtedly a more solid and scalable choice.
However, it can be seen that Coinbase's x402 protocol is continuously iterating and optimizing. Who can become the underlying payment king for AI agents still needs the test of time.
Why not give the choice to the agents themselves, trusting that they will make the best choice🐶
❓Question:
Who do you think AI agents will choose to use the x402 protocol standard?
Just leave Binance wallet's EVM address and the correct answer in the comments section, and 10 people will be drawn, each receiving 300 GOATED tokens.