State of Agent Commerce — September 2026
In September 2026, AI agents settled about $38.0k USDC a day on x402 (Agent Settlement Volume, a 7-day rolling average of daily medians, covering all settlement Paddock observes). About 14,324 transactions a day were tied to a named service (Attributed Volume, ~80.5% of the total). State of Agent Commerce, Paddock, published 1 Oct 2026.
14,324 attributed txns/day [Attributed Volume, ~80.5%] (of the 1,296 recipient wallets captured on 2026-09-30, top-N by transaction count, list_complete: true) is the stable read for September. Attribution coverage is broad and the list is complete, giving this figure solid ground to stand on. ASV, $38.0k USDC and 94,649 txns/day [Total Settled Volume], 7-day rolling average of daily medians, total settlement Paddock observes via x402scan's all-facilitator aggregate (mixed/low-confidence basis, see methodology note), provides the wider ecosystem view, carrying its own volatility caveat. Both series point to a market transacting at meaningful daily frequency across eight named categories.
Showing top 5 of all categories. Full breakdown in the paid report. Of the 1,296 recipient wallets captured on 2026-09-30, top-N by transaction count, list_complete: true.
Transaction volume declined 96% between 2026-09-01 and 2026-09-30 (two-point comparison, not a 30-day average).
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