x402’s first anniversary: protocol real, independent demand still scarce
A year after Coinbase’s launch, SDKs, facilitators and edge vendors existed. Public independent payer proof for most sellers remained thin. Listing count is not demand.
2026-05
What happened
A year after Coinbase’s launch, SDKs, facilitators and edge vendors existed. Public independent payer proof for most sellers remained thin. Listing count is not demand.