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Visa's Sheffield Pegs Adjusted x402 Volume at $19M

The Defiant·July 16, 2026·1 min read
Visa's Sheffield Pegs Adjusted x402 Volume at $19M

A joint Visa and Artemis analysis found roughly 4,000 wallets drive about 90% of x402's adjusted spending, with Base accounting for the bulk of activity. Visa's Sheffield pegged the adjusted x402 volume at $19 million. The data highlights concentration in onchain spending patterns.

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