x402 seller demand structure on Base
Of 836 x402 sellers validated on-chain on Base, 237 show distributed (healthy) demand, 177 show concentrated (whale-led or intermediated) demand, and 49 show self-dealing patterns; 373 have too little on-chain activity to classify. These four buckets account for all 836. Descriptive on-chain fact, an indicator — never an accusation.
Measured history
| Measured as of | Distributed (healthy) | Concentrated (whale-led/intermediated) | Self-dealing | Unclassifiable | Sample (n) |
|---|---|---|---|---|---|
| 238 | 176 | 47 | 370 | 831 | |
| 237 | 177 | 49 | 373 | 836 |
Questions
How is x402 seller demand on Base distributed across healthy, concentrated, and self-dealing patterns?
Of 836 sellers validated on-chain, 237 show distributed (healthy) demand, 177 show concentrated (whale-led or intermediated) demand, and 49 show self-dealing patterns; 373 have too little on-chain activity to classify. These four buckets account for all 836. Descriptive base-rate fact measured on-chain as of 2026-07-12, 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 836 validated sellers, 373 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 2026-07-12, not a prediction. x402intel.uk/data/x402-market.json