x402 Ecosystem Tokens Surge 366%, Market Value Tops $800 Million

Coingecko reports x402 ecosystem tokens’ market cap soared past $1.15 billion in seven days, reflecting rapid growth across multiple assets within the protocol.

216d ago

Summary

According to Coingecko, the x402 ecosystem tokens’ total market capitalization reached $1,158,141,996, marking a 567.7% increase in seven days. SKL holds about $108 million, BNKR $56.7 million, PAYAI $28.95 million, and PING $26.23 million. The x402 protocol enables HTTP 402-based stablecoin micropayment channels for fast, low-friction transactions.

Terms & Concepts

HTTP 402: A status code in the HTTP protocol reserved for payment-required scenarios, used here as part of micropayment channel technology.
Stablecoin-based micropayment channels: Payment systems that use stablecoins to facilitate immediate, low-cost transactions between parties.
Market Capitalization: The total value of a cryptocurrency's circulating supply, calculated by multiplying the current price by the number of coins in circulation.