BeInCrypto’s latest report says AI agent payments are technically working but real commercial demand remains weak, with 90.8% of recorded transactions worth less than a cent. According to BeInCrypto, a 35-day study of 6.4 million transactions processed just $119,947, while 92% of the $3.91 billion in VC funding went to payment and cash-management infrastructure rather than trading bots.

The report also said $281,200 was lost in exploits, Solana handled 94.5% of transactions, and AI-labeled tools on Hyperliquid accounted for less than 0.55% of trading volume.