Dexter bulls overtake Coinbase in daily x402 payments race

Dexter has overtaken Coinbase as the top daily x402 facilitator, processing 19.8m transactions and about half of all x402 payments since Dec. 11.

Dexter has surpassed Coinbase to become the largest daily facilitator for x402 transactions since December 11, according to data published by Hashed Official.

The AI protocol has facilitated over 19.8 million transactions in total, trailing the Base network by 14 million transactions, according to the South Korean venture fund.

Hashed Official cited data from Dune Analytics showing the transaction volumes. The analytics platform tracks blockchain transaction activity across multiple networks and protocols.

Dexter’s rise to the top position marks a shift in the landscape of x402 transaction facilitation, a sector previously dominated by established cryptocurrency exchanges such as Coinbase.

The data reflects transaction volumes processed through December 11, according to the published figures. No additional details were provided regarding the specific factors contributing to Dexter’s increased transaction volume.