Base Blockchain

Autonomous AI software is increasingly using crypto rails to buy data, compute and model access, with more than 138 million transactions recorded through Coinbase’s x402 protocol. U.S.-linked wallets dominated identified AI model inference payments, while Chinese-linked wallets led security and code-analysis activity.

Coinbase’s second-quarter results fell short as weak crypto prices and subdued trading volumes pressured revenue and adjusted EBITDA. Analysts broadly pointed to market conditions rather than execution, while debating when trading activity can recover.