x402 Protocol's March weekly trading volume reached $15 million, but the number of transactions plummeted 98%.

Golden Finance reports that on April 5, according to @obchakevich_, the trading volume of the x402 Open Payment Protocol surged in March to $15 million per week. At the same time, the number of transactions fell 98% from the peak of 20 million in November 2025, dropping to 420k. This caused the protocol’s average transaction size to jump significantly from $0.04 to $26 in March. It is reported that this series of data changes took place against the backdrop of Coinbase releasing a related major announcement.

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