To obtain a URL link for a tweet on Twitter, you need to click on the share icon and select "Copy Link to Tweet." You can then paste it into the designated area on the thread reader app to unroll the thread. The analysis focuses on x402 transactions on the Base blockchain, emphasizing the dominance of USDC in these transactions, which account for about 99% of the volume. Base processes approximately 89% of x402 transactions. This concentration stems from its integration with Coinbase’s collateralized debt position (CDP) and a preference for stablecoin usage in automated payments. While Base enhances user experience and development tools, it also presents risks related to platform and policy if agent commerce expands. In the x402 payment ecosystem, every transaction involves four key actors: a client (which could be a human or an app), a server, a facilitator like Coinbase, and the Base blockchain. Coinbase remains the leading facilitator in terms of transaction counts, but competition is rising with platforms like PayAI and DayDreams gaining ground. Questflow is notable for routing payments to a diverse range of sellers, unlike others that focus on a narrower set of partners. The data reveals that agents contribute significantly to transaction volume, with a substantial portion of x402 transactions classified within the highest-confidence agent clusters. The real question is whether the ecosystem will evolve beyond USDC and Base to become the standard for software payments. If this shift occurs, it could mark the beginning of a new economy centered around agentic commerce.