TechFlow news, November 2: According to Coingecko data, the total market cap of x402 ecosystem tokens has surpassed $1 billion, reaching $1,158,141,996, with a 567.7% increase over the past seven days. Specifically: SKL's market cap is approximately $108 million, BNKR's is about $56.7 million, PAYAI's is around $28.96 million, and PING's is roughly $26.24 million.
x402 is an open protocol that defines internet-native micropayment channels based on HTTP 402 and stablecoins, enabling automated clients and AI agents to pay on-demand for APIs, data, and computing resources, thereby facilitating real-time, low-friction, and intermediary-free transactions.
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