Paying wallets using x402 agent payments on Base rose from 3,473 to 8,363 in the week to November 1, but on-chain data suggests the growth is concentrated among a small group of addresses.
Week to November 1 · On-chain data · Base network
Paying wallets on x402 more than doubled, but a small group of addresses drives much of the growth
Paying wallets using x402 agent payments on Base rose from 3,473 to 8,363. On-chain data also shows 21 addresses that each funded 20 or more payer wallets, raising questions about how broad the adoption really is.
2.4×
Growth in paying wallets over the period (3,473 to 8,363)
+4,890
Net new paying wallets added in the week
21
Addresses that each funded 20 or more payer wallets
Paying wallets, to scale
Column height is proportional to the number of paying wallets in each week.
Takeaway: the wallet count rose by a factor of about 2.4 in a single period, so the headline growth is substantial.
Signal of adoption
Paying wallets more than doubled in one week.
Machine-to-machine payments on Base are growing quickly.
Agent payments via x402 are gaining traction on the network.
Concentration concern
21 addresses each funded 20 or more payer wallets.
One operator controlling many wallets can inflate counts.
The share of total transactions tied to these clusters is not specified.
CALLOUT
Headline growth is real, but the scale of concentration cannot yet be confirmed.
Who is paying?
Whether the 21 clusters are independent users or one operator's wallets.
How much volume?
What share of total transactions these clusters account for.
Where do funds go?
How funds move between addresses, which the cited figures do not reveal.
Does it broaden?
Whether usage spreads across unaffiliated wallets in the coming weeks.
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