The State of x402
Independent market data on the x402 agent-payments economy, built from our own daily snapshots of the Coinbase Bazaar discovery catalogue. Every figure below is measured, not estimated — including the ones that are unflattering to the ecosystem. Snapshot: 2026-07-27.
Higher prices do not cost you customers
The common instinct is to price at a fraction of a cent to attract agents. The data does not support it. Across every paid band, roughly the same share of listings receives traffic — but the revenue differs by more than an order of magnitude.
| Price band | Listings | Got paid calls | Est. 30-day revenue |
|---|---|---|---|
| Micro (≤$0.005) | 4,042 | 99% | $200.73 |
| Cheap ($0.005–$0.05) | 6,372 | 98% | $2,729.61 |
| Mid ($0.05–$0.50) | 4,126 | 100% | $2,664.01 |
| Premium ($0.50–$5) | 504 | 100% | $2,765.47 |
| High ($5+) | 142 | 100% | $62,181.84 |
What agents actually buy
Ranked by unique paying wallets, not call count. This matters: the loudest endpoints in the catalogue are often a merchant calling itself. A listing with tens of thousands of calls from one or two payers is not demand — it is traffic.
| Merchant | Unique payers | Calls | Price |
|---|---|---|---|
| mail.cusethejuice.com | 872 | 877 | $0.0100 |
| api.onesource.io | 458 | 734 | $0.0010 |
| api.onesource.io | 458 | 734 | $0.0010 |
| api.onesource.io | 416 | 425 | $0.0050 |
| api.onesource.io | 416 | 425 | $0.0050 |
| x402.tavily.com | 409 | 58,852 | $0.0100 |
| x402.tavily.com | 409 | 58,852 | $0.0000 |
| api.onesource.io | 408 | 408 | $0.0050 |
| api.onesource.io | 408 | 408 | $0.0050 |
| x402.creative-tim.com | 388 | 459 | $0.0100 |
A third of the Bazaar is dead
246 listings — 1% of the catalogue — took no paid call in thirty days. In our sampling the usual causes are mundane and fixable: a blank service name, a description too thin for an agent to match on, or a $0 price that reads as a test entry. Discovery is not the hard part; being selected is.
Want this for your own listings?
The same dataset powers our paid endpoints: a visibility audit that scores your listings against the catalogue, an authenticity check that separates real demand from self-traffic, and pricing guidance drawn from what actually sells.
Browse the API catalogue →Method: daily snapshot of the Coinbase Bazaar x402 discovery catalogue. GMV is estimated as 30-day call count × listed price and will understate merchants using dynamic pricing. Call and payer counts are self-reported by the discovery API. Vibe Springs is itself a merchant in this catalogue and is included in the figures above.