x402 protocol routes 88% of its 720k daily transactions through coinbase's facilitator. that's 19% of base network volume dependent on one corporate gatekeeper. v2 promises decentralized facilitators but until then every ai agent payment token trades with regulatory capture built in ...

Regulatory Landscape & Adoption - The industry suggests L2 rotation traders should shift focus from yield farms to regulatory capture [1] - The industry emphasizes that fading government adoption is detrimental to portfolio performance [1] Layer 2 (L2) Ecosystem - The industry implies that GDP data on Base suggests widespread institutional deployment on the platform [1] - The industry posits that Base has emerged as a dominant platform, potentially relegating other platforms to exit liquidity status [1]