According to Odaily Planet Daily, the x402 protocol garnered significant attention at the end of October, with related tokens surging and the number and volume of transactions made through the x402 protocol reaching record highs. However, this two-week-long AI narrative is now receding, with daily transaction volume plummeting by 90% from its peak.

According to x402scan data, the daily transaction volume of the x402 ecosystem peaked on November 3, reaching $2.8407 million. The daily transaction volume continued to decline thereafter, reaching only $283,600 on November 9.

At the same time, the number of new websites/servers supporting payments via the x402 protocol is also declining. At its peak, the number of new daily additions exceeded 10,000, but after November, the number of new daily additions fell to less than 2,000.