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PayAI Market Cap Surges 39.62% to $31.61 Million in One Day

GMGN data shows Solana-based PayAI’s market cap soared nearly 150% within 24 hours, following its recent x402 developer toolkit launch.

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Summary

According to GMGN data, Solana ecosystem token PayAI saw its market capitalization jump 147.7% to $58.9 million on October 27. The surge came shortly after the October 16 launch of the PayAI Network’s Solana-based x402 developer toolkit, highlighting strong short-term growth momentum.

Terms & Concepts
  • Market Capitalization: The total value of a cryptocurrency's circulating supply, calculated by multiplying its current price by the total number of coins in circulation.
  • Solana: A high-performance blockchain known for fast transaction speeds and low fees, supporting decentralized applications and crypto projects.
  • Developer Toolkit: A set of software tools and resources designed to help developers build, integrate, and deploy applications on a specific blockchain or platform.