Algorand USDC leads x402 payments with $390K volume
Algorand (ALGO)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that USDC has become the leading asset for x402 agentic payments on the Algorand network. Over the past 30 days, $390.4K in USDC was transferred, surpassing other chains. Base recorded $378.3K in volume, while Solana saw $360.5K during the same period.
This volume shift suggests a growing preference for USDC in decentralized payment systems. The trend was highlighted by @tokenterminal in a recent tweet. USDC’s strong performance indicates bullish sentiment for Algorand’s agentic payment capabilities.
This uptick could increase adoption of USDC as a preferred stablecoin in decentralized finance. Stablecoins play a crucial role in market cycles by influencing liquidity and trading behavior. The surge may have implications for Bitcoin dominance as liquidity shifts. Algorand continues to gain momentum in this specific transaction category.
How the market reacted
Whalio's own Binance spot order flow for ALGO, measured when this story was written up on 6 October 2026. Not the outlet's figures.
ALGO is currently trading at $0.1276 with a 24-hour spot volume of $3,879,787. The 1-hour buy ratio stands at 54.5%, while the 4-hour ratio is 53.6%, both slightly higher than the 24-hour average of 50.9%. This indicates that buying pressure is currently building over shorter timeframes compared to the full day. Volume deltas show positive inflows of +$4,656 in the last hour and +$24,542 over four hours. These positive deltas mean that buy volume is exceeding sell volume in these recent periods. Net buying has occurred for 15 out of the last 24 hours, with a cumulative CVD of +$103,491.
The latest daily buy ratio of 54.0% sits at the 90th percentile of the last 322 days, against a median of 49.9% - among the strongest buying days it has had.
Was that an ordinary day?
The same Binance spot measurements for ALGO, averaged over the days leading up to the story.
Over the preceding week, ALGO experienced a 7-day average buy ratio of 50.5%, with the latest day showing only a marginal 0.4 point increase. Trading volume was notably low at 0.37 times the average, suggesting this is an unusually quiet day for the coin. The price dropped 6.2% over the eight-day period, despite a total volume delta of +$1,752,915. Only 5 of the 7 days saw net buying, indicating inconsistent bullish momentum. The current 24-hour volume of $3,879,787 is significantly higher than the weekly average implied by the 0.37x multiplier.