x402intel · all references · x402 market micro-update · living reference · last measured on-chain as of 2026-09-08

x402 seller demand structure on Base

Of 1136 x402 sellers validated on-chain on Base, 365 show distributed (healthy) demand, 279 show concentrated (whale-led or intermediated) demand, and 17 show self-dealing patterns; 475 have too little on-chain activity to classify. These four buckets account for all 1136. Descriptive on-chain fact, an indicator — never an accusation.

Measured history

Measured values (sample-dependent), not a forecast.
Measured as ofDistributed (healthy)Concentrated (whale-led/intermediated)Self-dealingUnclassifiableSample (n)
28718469397937
27619578391940
26920982396956
25921487404964
25321389268823
24621793395951
26223878384962
26724374389973
28425155394984
28326059386988
284257653941000
255279793971010
250276854091020
251271874131022
244278864151023
247276814191023
237271904321030
243272904491054
2422721064701090
2472731064671093
2492681144741105
2362781144911119
256282125821132
245276115881120
244268115981121
244264116131132
250269116031133
255269106121146
26726586121152
26926786241168
280252106161158
275246126291162
278239116431171
285231115491076
277233105481068
28424365031036
28123685041029
30023284871027
30023084891027
299227114951032
311236124941053
319235124971063
336220105091075
346220125051083
355244124781089
358246114761091
363245124781098
355282124881137
357284164771134

Questions

How is x402 seller demand on Base distributed across healthy, concentrated, and self-dealing patterns?

Of 1136 sellers validated on-chain, 365 show distributed (healthy) demand, 279 show concentrated (whale-led or intermediated) demand, and 17 show self-dealing patterns; 475 have too little on-chain activity to classify. These four buckets account for all 1136. Descriptive base-rate fact measured on-chain as of 2026-09-09, an indicator — not an accusation, not a prediction. x402intel.uk/data/x402-market.json

What share of x402 sellers can be classified from on-chain data?

Of 1136 validated sellers, 475 have too little on-chain activity to assign a demand-structure verdict; the classifiable remainder is split across distributed, concentrated, and self-dealing. Descriptive base-rate fact measured on-chain as of 2026-09-09, not a prediction. x402intel.uk/data/x402-market.json

Data & API: x402intel.uk/data/x402-market.json · methodology at /methodology. This is a base-rate fact (provenance in the header), not a prediction of any single market.