XRP Ledger passes 10 million x402 AI agent payments as Bitcoin ETF inflow streak ends
In brief
- XRPL topped 10 million x402 payments per t54 data, with 10.8 million transactions in total.
- x402 payments grew from 1 million to 10 million in under three months, about 500,000 a day.
- XRP fell 1.28% to $1.4928 despite the usage figures.
- 10-year Treasury yield rose above 5.3%, its highest level since 2002.
- Spot BTC ETFs recorded $148.69 million in net outflows, ending a nine-day inflow streak.
What the t54 data shows
The t54 platform put the total at 10.8 million transactions, according to U.Today. The jump from 1 million to 10 million x402 payments took less than three months, and the network was handling about 500,000 payments a day. That's a steep curve.
t54 also tracks 2,287 live payable services and APIs. Micropayments for inference, data access, and credit and financial APIs settle directly on XRPL in XRP or RLUSD (the native stablecoin, whose market cap had reached $2.49 billion, per the same report). U.Today describes t54 as a neutral trust layer for machine-to-machine transactions, backed by Ripple and Franklin Templeton.
There's a tokenization angle too. According to U.Today, a pilot with Brazilian depository CSD BR to mirror shares in BTG Pactual funds on XRPL aims to issue $15 billion in tokenized assets by the end of the year, although CSD BR's books remain the legal register.
XRP itself fell 1.28% to $1.4928, with 3.28% market dominance.
XRP liquidations came to $6.22 million, U.Today reported. A scheduled release of 1 billion XRP from escrow (in tranches of 100M, 200M, 300M and 400M) was worth about $1.49 billion at face value.
Bond yields pull Bitcoin back
Bitcoin couldn't hold above $85,500 after PCE inflation data came in softer than expected at 3.4%, a move U.Today called a false breakout. BTC fell back to its September close of $83,600 and was trading around $83,975.76, with 58.74% market dominance. Ethereum sat near $2,706.26, with an 11.50% market share.
The pressure came from bonds. The 10-year Treasury yield broke above 5.3%, its highest level since 2002. U.Today reported that, against a backdrop of US second-quarter GDP growth revised to +2.2%, high oil prices and the budget deficit, the US Dollar Index rose sharply and drew liquidity out of risk assets.
Liquidations and ETF flows
CoinGlass data showed liquidations hit 78,781 traders for a total of $290.63 million. Longs lost $147.48 million and shorts $143.15 million, so it wasn't a one-sided flush.
ETF flows turned as well. U.Today reported that spot BTC ETFs saw $148,690,000 in net outflows, which ended a nine-day inflow streak, while ETH ETFs lost $59,580,000. The outlet also noted that Citigroup raised its 12-month targets to $113,000 for BTC and $3,028 for ETH.
Frequently asked questions
What is the x402 protocol on the XRP Ledger?
U.Today describes x402 as an open, HTTP-native protocol that lets autonomous AI agents find and pay for digital services with no human involvement. Micropayments for inference, data access, and credit and financial APIs settle directly on XRPL in XRP or RLUSD.
How fast are x402 payments growing on XRPL?
According to t54 platform data reported by U.Today, XRPL went from 1 million to 10 million x402 payments in under three months. The network was processing about 500,000 payments a day and had recorded 10.8 million transactions in total.
What is t54 and who backs it?
U.Today describes t54 as a neutral trust layer for machine-to-machine transactions, backed by Ripple and Franklin Templeton. The platform tracked 2,287 live payable services and APIs.
