Derived from Jinse, the x402 protocol, developed by Coinbase, has seen a 492.63% weekly increase in transactions, reaching 156,492 as of October 27, 2025. The protocol enables instant, automated stablecoin payments via HTTP, aiming to revolutionize API monetization and microtransactions. KuCoin Ventures noted a surge in x402-driven memecoin launches, with PING's market cap peaking at $570 million before dropping 41.7% in 48 hours. Analysts debate whether x402 represents a speculative bubble or a transformative shift in internet monetization.
x402 Protocol Sparks Meme Coin Surge Amid Rapid Adoption and Debate on Real Value
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