The x402 ecosystem token has risen to over $800 million in market value, rising 366% in just one day after launching the BNB Chain facilitator module protocol.
summary
- Pieverse’s launch of x402b for the BNB chain triggered a massive ecosystem rally, pushing the protocol’s market cap to over $810 million, soaring 366% in 24 hours.
- The new x402b upgrade adds EIP-3009 gasless payments and auditable on-chain receipts, making x402 more compatible and enterprise-ready on the BNB chain.
According to data from Coingecko, the protocol’s tokens have increased by 366% in the past 24 hours, reaching a market cap of more than $810 million. Among the tokens accelerating the rally is AInalyst, which has increased in value by 179%, followed by Capminal, which has increased by 140.6%.
As of this writing, trading volume in the ecosystem has skyrocketed, reaching $225.4 million in the past 24 hours. The biggest contributor remains EIGEN (EIGEN), which has risen 8.5% over the past day to $1.20.
This jump in market value came just one day after Pieverse announced the launch of x402b, an enhanced version of the original protocol designed to support the BNB Chain (BNB). The protocol includes features such as EIP-3009 gasless payments and auditable receipts.
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The x402 protocol, originally developed by Coinbase, is an open, internet-native payments standard that enables instant programmatic payments for APIs and digital content using the HTTP 402 Payment Required status code. This protocol allows both humans and AI agents to perform transactions through HTTP requests, eliminating the need for traditional account setup and authentication flows.
Just a day ago, it was reported that the protocol had seen around 500,000 transactions in one week. This represents a 10,780% increase in transaction activity compared to the previous four weeks. Coinbase CEO Brian Armstrong highlighted the massive surge, claiming the protocol is “growing like crazy.”
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What is Pieverse’s x402b for BNB chain?
On October 26th, Pieverse announced the launch of x402b, an enhanced version of Coinbase’s x402 web payment protocol designed specifically for the BNB chain. This upgrade introduces EIP-3009 gasless payments and auditable on-chain receipts to address issues that have hindered widespread adoption of HTTP-based crypto payments in enterprise environments.
Using its in-house Pieverse facilitator, the company aims to make x402 fully compatible with BNB Chain’s ecosystem while providing compliance-friendly transparency to enterprises. What makes the enhanced protocol different from the original is the fact that Pieverse addresses two practical gaps that limit the functionality of the BNB chain.
The first is the gasless issue. x402 is designed to support gasless payments via EIP-3009. However, most stablecoins on the BNB chain are not supported by x402. To alleviate this issue, Pieverse introduced pieUSD, a 1:1 USDT wrapper that supports EIP-3009. This provides the gasless support that x402 provides for BNB tokens.
“Customers just sign a message, no gas required,” Pieverse said in his latest post.
The second issue Pieverse addresses is the “audit and tax issue.” Traditional businesses require verifiable payment records for accounting and compliance purposes, but open standards for protocols do not define a mechanism to generate or store receipts.
As a result, Pieverse’s custom facilitator module automatically creates immutable, jurisdiction-compliant receipts for every transaction and stores them in BNB Greenfield, the network’s decentralized data layer.
This upgrade could mean a surge in the entry of BNB tokens into the x402 ecosystem, potentially pushing the market cap even higher than before and further expanding on-chain trading volume.
Pieverse says it will release a complete protocol specification, smart contract, and reference implementation in the coming weeks, which could set a new standard for web-based cryptocurrency payments.
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