Dexter Surpasses Coinbase as Largest Daily Facilitator for x402 Transactions
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 02 2026- Market Leadership: Since December 11, Dexter has facilitated over 19.8 million daily transactions, surpassing Coinbase and establishing itself as the leading facilitator for x402 transactions, which underscores its strong growth momentum in the rapidly evolving payment protocol space.
- Market Share Shift: Coinbase's market share has fallen to 25% to 33% of daily transactions, while Dexter's share rose to 30.7%, indicating Dexter's success in attracting users and transactions, which could have long-term implications for Coinbase's market position.
- Surge in Transaction Volume: Since October, daily x402 transaction volumes have skyrocketed from negligible levels to over 2 million, with some days approaching 3 million, reflecting the protocol's widespread acceptance and the sharp increase in market demand.
- Diverse Participation: In addition to Dexter and Coinbase, PayAI and DayDreams account for 20% to 30% of the market share, indicating that a diversified ecosystem around the x402 protocol is forming, enhancing market competitiveness and innovation potential.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
