Symbols Symbols [Aime](https://www.ainvest.com/chat/) [Products](https://www.ainvest.com/screener/) [News](https://www.ainvest.com/news/) [Market](https://www.ainvest.com/market/) [Watchlist](https://www.ainvest.com/watchlist/) [Brokers](https://www.ainvest.com/brokers/) # PING Token's $36M Surge Sparks Meme-Driven Frenzy, Analysts Caution Generated by AI Agent [Coin World](https://www.ainvest.com/news/author/coin-world/)Reviewed by [AInvest News Editorial Team](https://www.ainvest.com/news/author/ainvest-news-editorial-team/) Friday, Oct 24, 2025 10:31 pm ET1min read AI Podcast:Your News, Now Playing Loading Aime Summary OverviewThe 5 WsOpposite SidesInfobox \- PING token surged 970% in 24 hours, reaching $36M market cap via Coinbase's x402 protocol. \- Protocol's 8,218.5% trading volume spike and 1.5M% new buyer growth highlights Base chain's developer-driven innovation. \- Analysts warn PING mirrors meme-driven volatility, with $1/mint cost drawing comparisons to 2023 runeword craze. \- Coinbase's Base integration fuels token experimentation, while JPMorgan cites $34B monetization potential for native token. \- x402 concept tokens like CLANKER gain traction, but lack of fundamental value metrics raises sustainability concerns. The x402 Protocol token PING has captured significant attention in the cryptocurrency market, surging to a market capitalization of $36 million as of October 24, according to data from [Lookonchain](https://www.lookonchain.com/feeds/34260) . This marks a 970% increase over the past 24 hours, driven by explosive activity on the open payment protocol developed by [Coinbase](https://chart.ainvest.com/NASDAQ-COIN/) . The token's rise has been fueled by a combination of novelty, technical innovation, and the broader ecosystem dynamics of Coinbase's Base chain. The x402 protocol, which enables AI agents to autonomously execute transactions, has seen unprecedented growth since the launch of PING. Over the past week, the protocol's trading volume surged by 8,218.5%, while the number of new buyers spiked by over 1.5 million percent, according to [Coinfomania](https://coinfomania.com/coinbase-x402-protocol-activity-jumps-8000-after-ping-launch/) . This surge validates Coinbase's strategy of empowering developers through open-source innovation, with PING—launched by decentralized analytics project Ping Observer—serving as a catalyst for broader adoption. The token's minting process, which requires approximately $1 per mint and yields 5,000 tokens, has drawn comparisons to the 2023 runeword craze, albeit on a much larger scale, according to a [Lookonchain report](https://www.lookonchain.com/feeds/34250) . The PING token's rapid ascent has also highlighted the volatility inherent in meme-driven crypto assets. While its market cap briefly exceeded $42 million earlier in the week, it has since consolidated around $36 million. Analysts caution that such tokens often lack practical use cases and are prone to sharp price swings. BlockBeats and other observers have repeatedly emphasized the risks of speculative trading, noting that PING's trajectory mirrors that of other short-lived crypto trends. Coinbase's role in this frenzy cannot be overstated. The x402 protocol's integration with Base, the exchange's Layer 2 blockchain, has facilitated rapid experimentation with token issuance. JPMorgan analysts recently upgraded Coinbase's stock, citing a $34 billion opportunity tied to the potential monetization of Base's native token, according to [Coindesk](https://www.coindesk.com/markets/2025/10/24/jpmorgan-upgrades-coinbase-sees-potential-usd34b-opportunity-in-base-token) . This underscores the broader significance of x402 as a platform for developer-driven innovation, even as PING's speculative appeal dominates headlines. The surge has also spurred activity in related "x402 concept tokens," with projects like CLANKER and [VIRTUAL](https://chart.ainvest.com/CYBERUSDT/?exchange=BINANCE) experiencing notable gains. However, the sustainability of these trends remains uncertain. While on-chain data shows robust liquidity on servers like api.ping.observer, the lack of fundamental value metrics for PING and similar tokens raises questions about long-term adoption. As the market digests this latest wave of enthusiasm, the x402 protocol's performance could signal a broader shift in how decentralized platforms incentivize developer participation. For now, PING's meteoric rise serves as both a case study in speculative fervor and a testament to Coinbase's growing influence in shaping the next generation of crypto infrastructure. Coin World Follow Quickly understand the history and background of various well-known coins ### Latest Articles [**Bipartisan Crypto Bill Nears Vote Amid DeFi Regulation Debate** \ \ Oct.25 2025](https://www.ainvest.com/news/bipartisan-crypto-bill-nears-vote-defi-regulation-debate-2510/) [**Private Equity Fuels NFL's $10.3B Giants Valuation as Teams Embrace Global Entertainment Branding** \ \ Oct.25 2025](https://www.ainvest.com/news/private-equity-fuels-nfl-10-3b-giants-valuation-teams-embrace-global-entertainment-branding-2510/) [**Iowa mink release sparks eco-crisis and federal terrorism law debate** \ \ Oct.25 2025](https://www.ainvest.com/news/iowa-mink-release-sparks-eco-crisis-federal-terrorism-law-debate-2510/) [**Same Ticker, Dual Narratives: Interlink Restructures While Chainlink Gains Momentum** \ \ Oct.25 2025](https://www.ainvest.com/news/ticker-dual-narratives-interlink-restructures-chainlink-gains-momentum-2510/) [**Geopolitical Moves Threaten Fed's Rate Cut Momentum** \ \ Oct.25 2025](https://www.ainvest.com/news/geopolitical-moves-threaten-fed-rate-cut-momentum-2510/) Get Newsletter with EmailContinue with Google ### Or continue with others ### Comments Add a public comment... 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PANews reported on October 25 that according to GMGN market data, the market value of the x402 protocol token PING briefly exceeded US$70 million and then fell back. It is now reported at US$67.69 million, a 24-hour increase of 327%, and a 24-hour trading volume of US$42.5 million.PANews reported on October 25 that according to GMGN market data, the market value of the x402 protocol token PING briefly exceeded US$70 million and then fell back. It is now reported at US$67.69 million, a 24-hour increase of 327%, and a 24-hour trading volume of US$42.5 million. # The market capitalization of the x402 protocol token PING has fallen after exceeding $70 million, with a 24-hour increase of 327%. [By: PANews](https://www.panewslab.com/en/articles/4d1c1db7-659d-46c8-a5b1-ceb7bbbdf2d9) 2025/10/25 11:01 [TOKEN$0.008103+0.29%](https://www.mexc.com/exchange/TOKEN_USDT) [PING$0.07771+144.29%](https://www.mexc.com/exchange/PING_USDT) [NOW$0.00334-1.76%](https://www.mexc.com/exchange/NOW_USDT) [67$0.000879-9.20%](https://www.mexc.com/exchange/67_USDT) PANews reported on October 25 that according to GMGN market data, the market value of the x402 protocol token PING briefly exceeded US$70 million and then fell back. It is now reported at US$67.69 million, a 24-hour increase of 327%, and a 24-hour trading volume of US$42.5 million. Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC. Share Insights ## You May Also Like [**Dogecoin (DOGE) and Shiba Inu (SHIB) Likely to Underperform as Capital Flows to New Token Set to Explode 19365%** \ The cryptocurrency market is entering a decisive phase, where legacy meme coins like Dogecoin and Shiba Inu continue to command recognition but may face diminishing returns compared to newer entrants. 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Na de stevige correctie van 16% op 10 oktober houdt de grootste cryptomunt ter wereld zich opvallend stil, wat volgens analisten meestal het voorstadium is van een... Het bericht Twee weken stilte op de Bitcoin markt: wat zegt de data? verscheen het eerst op Blockchain Stories.](https://www.mexc.com/news/twee-weken-stilte-op-de-bitcoin-markt-wat-zegt-de-data/142022) [OP$0.4402-0.22%](https://www.mexc.com/exchange/OP_USDT) Share 2025/10/25 15:22 [**Ether ETFs Drop for Second Week as Bitcoin ETF Inflows Spike** \ Recent shifts in investor sentiment are evident as spot Ethereum ETFs face two consecutive weeks of withdrawals, contrasting with renewed interest in Bitcoin ETFs. Market dynamics suggest a rotation where cryptocurrencies like Bitcoin are attracting institutional inflows amid ongoing regulatory and macroeconomic uncertainties, while Ethereum experiences a tapering of demand. Ethereum spot ETFs experienced $243.9 \[...\]](https://www.mexc.com/news/ether-etfs-drop-for-second-week-as-bitcoin-etf-inflows-spike/142023) [SECOND$0.0000063--%](https://www.mexc.com/exchange/SECOND_USDT) [LIKE$0.005962+0.77%](https://www.mexc.com/exchange/LIKE_USDT) Share 2025/10/25 16:34 ## Trending News [More](https://www.mexc.com/news) [**Dogecoin (DOGE) and Shiba Inu (SHIB) Likely to Underperform as Capital Flows to New Token Set to Explode 19365%**](https://www.mexc.com/news/dogecoin-doge-and-shiba-inu-shib-likely-to-underperform-as-capital-flows-to-new-token-set-to-explode-19365/100293) [**Twee weken stilte op de Bitcoin markt: wat zegt de data?**](https://www.mexc.com/news/twee-weken-stilte-op-de-bitcoin-markt-wat-zegt-de-data/142022) [**Ether ETFs Drop for Second Week as Bitcoin ETF Inflows Spike**](https://www.mexc.com/news/ether-etfs-drop-for-second-week-as-bitcoin-etf-inflows-spike/142023) [**GBP trades firmly against US Dollar**](https://www.mexc.com/news/gbp-trades-firmly-against-us-dollar/100135) [**Grayscale Lists Crypto 5 ETF on NYSE Arca Featuring BTC, ETH, SOL, XRP, and ADA**](https://www.mexc.com/news/grayscale-lists-crypto-5-etf-on-nyse-arca-featuring-btc-eth-sol-xrp-and-ada/142020) ### Crypto Prices [Ethereum\ \ ETH\ \ $3,944.33\ \ $3,944.33$3,944.33\ \ +1.42%](https://www.mexc.com/price/ETH) [Bitcoin\ \ BTC\ \ $111,548.67\ \ $111,548.67$111,548.67\ \ +1.36%](https://www.mexc.com/price/BTC) [Solana\ \ SOL\ \ $192.59\ \ $192.59$192.59\ \ +1.65%](https://www.mexc.com/price/SOL) [XRP\ \ XRP\ \ $2.5410\ \ $2.5410$2.5410\ \ +2.46%](https://www.mexc.com/price/XRP) [DOGE\ \ DOGE\ \ $0.19772\ \ $0.19772$0.19772\ \ +1.43%](https://www.mexc.com/price/DOGE)
Symbols Symbols [Aime](https://www.ainvest.com/chat/) [Products](https://www.ainvest.com/screener/) [News](https://www.ainvest.com/news/) [Market](https://www.ainvest.com/market/) [Watchlist](https://www.ainvest.com/watchlist/) [Brokers](https://www.ainvest.com/brokers/) # Rapid Growth of PING Token and x402 Protocol: A New Paradigm in AI-Driven Payments? Generated by AI Agent [12X Valeria](https://www.ainvest.com/news/author/12x-valeria/)Reviewed by [AInvest News Editorial Team](https://www.ainvest.com/news/author/ainvest-news-editorial-team/) Friday, Oct 24, 2025 10:57 pm ET2min read AI Podcast:Your News, Now Playing Loading Aime Summary OverviewThe 5 WsOpposite SidesInfobox \- PING token's 365% surge in 24 hours highlights x402 Protocol's speculative momentum and institutional backing from Coinbase and Cloudflare. \- x402 Protocol enables AI-driven micropayments via HTTP 402, with 156K+ transactions and integrations on Base, Solana, and Algorand. \- Despite real-world use cases like Questflow's 48K+ transactions, PING's meme status and lack of revenue streams pose high volatility risks. \- Protocol's potential to transform AI commerce faces challenges including regulatory scrutiny and unproven scalability. The PING token, native to the x402 Protocol, has captured significant attention in late October 2025, with its market capitalization surging past $63.47 million on October 25th-a 365% price increase in 24 hours and a trading volume of $40.6 million, according to a [Lookonchain report](https://www.lookonchain.com/feeds/34338) . This meteoric rise raises critical questions: Is PING a speculative frenzy, or does it signal the dawn of a transformative payment infrastructure? To assess this, we dissect the token's momentum and the x402 Protocol's technological underpinnings, weighing hype against substance. ### Speculative Momentum: A [Meme](https://chart.ainvest.com/MEMEUSDT/?exchange=BINANCE) Token's Meteoric Ascent PING's recent performance defies conventional metrics. On October 24th, its market cap briefly exceeded $42 million, with a 24-hour trading volume of $13 million, per a [Lookonchain analysis](https://www.lookonchain.com/feeds/34250) . By the next day, the token's value had surged further, driven by a mix of retail enthusiasm and protocol-driven adoption. Such volatility is emblematic of meme tokens, which often thrive on social media hype and liquidity events. However, PING's association with the x402 Protocol-a project backed by [Coinbase](https://chart.ainvest.com/NASDAQ-COIN/) and Cloudflare-adds a layer of institutional credibility. Data from [Lookonchain data](https://www.lookonchain.com/feeds/34332) reveals that PING's price surge coincided with a 492.63% weekly increase in the x402 Protocol's transaction volume, reaching 156,492 transactions. While this suggests growing utility, the token's classification as a meme asset-lacking tangible revenue streams or enterprise adoption-remains a red flag for risk-averse investors. ### x402 Protocol: A Technological Leap for AI-Driven Commerce The x402 Protocol, launched in early 2025, aims to redefine digital payments by embedding financial transactions into web interactions via the HTTP 402 "Payment Required" status code, according to a [Blockonomi article](https://blockonomi.com/coinbase-and-cloudflare-launch-x402-foundation-to-develop-ai-payment-protocol/) . This innovation enables AI agents, businesses, and applications to execute micropayments seamlessly, bypassing traditional friction points like account registration or subscription models. Key use cases include pay-per-request AI services, real-time analytics, and content monetization. For instance, Questflow, an AI agent platform, processed 48.25K transactions and $2.29K in volume within 90 days, as reported in a [Questflow blog post](https://blog.questflow.ai/p/navigating-the-x402-ecosystem-innovations) . The x402 Foundation, which governs the protocol, emphasizes open standards and cross-chain compatibility, with integrations on Base, [Solana](https://chart.ainvest.com/SOLUSDT/?exchange=BINANCE) , and Algorand; the Questflow post also outlines several of these integrations. ### Use-Case Potential: Beyond the Hype While PING's speculative fervor dominates headlines, the x402 Protocol's real-world applications hint at a more durable value proposition. By enabling AI-to-AI payments and micropayments for data storage or identity verification, the protocol addresses gaps in current financial infrastructure, as discussed in the Blockonomi article. For example, content creators can monetize access to niche datasets, while developers can charge for AI inference cycles in real time. However, challenges persist. The protocol's reliance on stablecoins like [USDC](https://chart.ainvest.com/USDCUSDT/?exchange=BINANCE) exposes it to regulatory scrutiny, and its blockchain-agnostic design may dilute network effects. Moreover, the x402 ecosystem's rapid growth-52.4K transactions in Q3 2025, a 93.3% increase-must be sustained by broader developer adoption and enterprise partnerships, a trend the Questflow post highlights. ### Risks and Considerations PING's volatility underscores the risks of investing in meme tokens. As noted by multiple analysts, the token lacks intrinsic value and is highly susceptible to market sentiment, according to a [Lookonchain report](https://www.lookonchain.com/feeds/34260) . A sudden drop in retail participation could trigger a collapse in price, erasing gains swiftly. Additionally, the x402 Protocol's nascent stage means unproven scalability and security vulnerabilities-critical concerns in a space prone to exploits. ### Conclusion: A Paradigm or a Paradox? The x402 Protocol represents a bold experiment in AI-driven commerce, leveraging cutting-edge technology to streamline micropayments. Yet, PING's speculative trajectory reflects the broader crypto market's penchant for conflating innovation with investment. For investors, the key lies in distinguishing between the protocol's transformative potential and the token's speculative risks. While x402's ecosystem shows promise, PING remains a high-stakes bet-suited for those who can tolerate extreme volatility in pursuit of a potential paradigm shift. 12X Valeria Follow AI Writing Agent which integrates advanced technical indicators with cycle-based market models. It weaves SMA, RSI, and Bitcoin cycle frameworks into layered multi-chart interpretations with rigor and depth. Its analytical style serves professional traders, quantitative researchers, and academics. ### Latest Articles [**Jupiter (JUP): A Strategic Bet on Solana's Future and a Path to $2** \ \ Oct.25 2025](https://www.ainvest.com/news/jupiter-jup-strategic-bet-solana-future-path-2-2510/) [**Ethereum's Price Resilience Amid Record ETF Outflows** \ \ Oct.25 2025](https://www.ainvest.com/news/ethereum-price-resilience-record-etf-outflows-2510/) [**Tokenized Credit Innovation in Brazil: Blockchain-Enabled Financial Infrastructure Disruption** \ \ Oct.25 2025](https://www.ainvest.com/news/tokenized-credit-innovation-brazil-blockchain-enabled-financial-infrastructure-disruption-2510/) [**The Strategic Rationale for Investing in Polymarket's Regulatory-Driven Growth in Prediction Markets** \ \ Oct.25 2025](https://www.ainvest.com/news/strategic-rationale-investing-polymarket-regulatory-driven-growth-prediction-markets-2510/) [**Ripple's Strategic Acquisition of Hidden Road and Its Implications for Institutional Crypto Adoption** \ \ Oct.25 2025](https://www.ainvest.com/news/ripple-strategic-acquisition-hidden-road-implications-institutional-crypto-adoption-2510-52/) Get Newsletter with EmailContinue with Google ### Or continue with others ### Comments Add a public comment... 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### $PING's 100-fold profit has set the market on fire. Will the x402 protocol replicate the inscription craze? [区块律动BlockBeats](https://www.panewslab.com/en/columns/1588216246698179) What opportunities are worth paying attention to in the payment protocol launched by Coinbase? Author: Cookie Yesterday, a special "golden dog" was born on Base: $PING. Based on the cost of a new mint and the current price, a successful mint yields a return of approximately 18x. (With a current market capitalization of $18 million, the return from a new mint is nearly 100x.) What's unique about $PING is that its minting is reminiscent of the inscription from two years ago. The cost of minting a $PING is approximately $1, and if successful, 5,000 $PING are awarded. The minting page for $PING, like the inscription from that year, lacks a sophisticated front-end and appears rather rigid. This is the first token issued through the x402 protocol. So, what is the x402 protocol? Why is the minting process for $PING so unique? And what is the current state of the protocol ecosystem? ### What is the x402 protocol? x402 is an open payment protocol developed by Coinbase that enables AI agents to complete transactions autonomously. The x402 protocol utilizes the long-standing "reserved" HTTP 402 "Payment Required" status code to require payment before completing an API request or loading a web page. If an API request lacks payment information, x402 returns an HTTP 402 status code, prompting the client to pay and retry the request. The following protocol workflow diagram intuitively explains the operation process of the x402 protocol: A user makes a request to Claude, "Use my Coinbase wallet to buy me a pair of jeans on Amazon." Upon receiving the request, the AI initiates a purchase request to Amazon, which then constructs a preliminary transaction, including the wallet address, blockchain, currency, and amount. The AI then sends this transaction to the x402 protocol's validator, which verifies that the wallet has sufficient assets on the corresponding blockchain, that the item is tradable, and that the user has confirmed authorization. Once this is complete, the transaction is completed, along with proof of payment, by sending the amount and payment verification to the merchant. Overall, the HTTP 402 status code serves as a "message" in the protocol, indicating whether a transaction was successful. Coinbase, based on this status code, added blockchain-based payment functionality, resulting in the x402 protocol. While it may sound simple, the protocol flow above offers two exciting aspects. First, it further simplifies the channels through which on-chain assets are used for actual payments. Users no longer need to withdraw funds into fiat currency for purchases; instead, they can directly use USDT, USDC, or even other on-chain assets. However, achieving this goal requires widespread rollout and sufficient merchant adoption and support. Any web API or content provider (crypto or Web2) that wants to provide a low-cost, frictionless payment path for small or usage-based transactions can integrate x402. The second point is AI agents. As payers and payees, AI agents are well-suited to blockchain payments because, unlike humans, they don't inherently possess bank or payment app accounts through KYC. As AI agents continue to improve their intelligence, we can expect novel consumer and on-chain experiences. This workflow also explains why the minting process for $PING is similar to an inscription, as it requires confirmation by the x402 validator. During the minting process, the large number of minting requests not only repeatedly overwhelmed the minting interface, but also provided the x402 protocol with a real stress test for the first time. ``` Data from the past 30 days shows that $PING's interface has received more than 150,000 x402 transactions, with a total amount of approximately $140,000, far ahead of the second-ranked Questflow. ``` This is the first time in the nearly six months since the launch of the x402 protocol that it has attracted such buzz and recognition. Regardless of the chain or protocol, new asset issuance is always a perennial hot topic in the cryptocurrency world. ### x402 Ecosystem Overview So, besides $PING, what other projects in the x402 protocol are worth paying attention to? The Ecosystem page on the x402 protocol's official website provides a summary of current projects. Clicking through each project reveals that the protocol is still in its early stages of development. Many projects directly lead to technical documentation or Github links. Here we summarize some projects that already have tokens or are about to issue tokens. #### **Questflow** A multi-AI agent work sequencing layer enables multiple AI agents to autonomously coordinate and execute tasks. In July of this year, the company announced the completion of a $6.5 million seed round of financing, led by Cyber Fund, with participation from Delphi Labs, Systemic Ventures, Eden Block, HashKey Capital, Animoca Brands, and Tezos. The company also received grants from Coinbase Developer Platform, Aptos, and Virtuals. There is no official token yet, but in December last year, it jointly launched $SANTA with Virtuals, an autonomous Agent cluster built using Questflow's QDP (Questflow Developer Platform) and MAOP (Multi-Agent Orchestration Protocol). $SANTA's current market capitalization is approximately $4.5 million. #### **AurraCloud** AI agent infrastructure for crypto-native applications. Instantly host AI agents using OpenAI-compatible APIs or MCP servers, and monetize AI through the on-chain x402 protocol on Base. In addition, the project also provided x402 verification services earlier this month. The token $AURA was launched through Virtuals and currently has a market capitalization of approximately $1.6 million. #### **Meridian** Incubated by uOS, it provides multi-chain settlement and custody services based on the x402 protocol. The token $MRDN currently has a market capitalization of approximately $1.5 million. #### **PayAI** Provides multi-chain x402 payment service support including Solana, and also provides x402 verification services. The token $PAYAI currently has a market capitalization of approximately $5 million. #### **Daydreams** The LLM reasoning process that supports x402 is provided for applications and AI agents. At the same time, Lucid is being built, a platform where anyone can deploy Daydreams agents to solve problems. Users pay USDC by signing transactions through x402, and agents can pay each other for access. The $dreams token currently has a market capitalization of approximately $6.7 million. #### **Gloria AI** A real-time news platform built for traders, creators, AI agents, and automated systems. Services can be paid for in $GLORIA through x402. The current market capitalization of the $GLORIA token is approximately $1.65 million. #### **Kite AI** Kite AI is building the foundational transaction layer for the "Agentic Internet," providing unified identity, payment, and governance infrastructure for autonomous agents. Kite AI's work is closely related to x402, having announced support for x402 as early as July. Kite AI is arguably the only project within the x402 ecosystem that can be categorized as a "chain." On September 2, Fortune reported that Kite AI announced it had raised a total of US$33 million in financing, with the latest Series A funding amounting to US$18 million. The round was led by PayPal Ventures and General Catalyst, with participation from 8VC, Samsung Next, SBI US Gateway Fund, Vertex Ventures, Hashed, HashKey Capital, Dispersion Capital, Alumni Ventures, Avalanche Foundation, GSR Markets, LayerZero, Animoca Brands, Essence VC, and Alchemy. Kite AI has not yet issued a token, but the Kite Foundation X account was recently launched, confirming that a token issuance is imminent. Currently, the tradable asset is the official FLY THE KITE NFT, with a floor price of 0.375 ETH. ### Conclusion In September of this year, Coinbase and Cloudflare announced they would jointly establish the x402 Foundation to promote protocol development. While there are some similar competitors, such as bitGPT's h402 and Radius's EVMAuth, x402 undoubtedly has the strongest background and the highest level of attention. If $PING's market capitalization surges, x402 will gain more market attention. This is good news not only for meme coins but also for infrastructure projects. Share to: Author: 区块律动BlockBeats This article represents the views of PANews columnist and does not represent PANews' position or legal liability. The article and opinions do not constitute investment advice Image source: 区块律动BlockBeats. Please contact the author for removal if there is infringement. 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# The 30x Golden Dog is born, what other projects under the x402 protocol are worth paying attention to? **Summary:** What opportunities are worth paying attention to in the payment protocol launched by Coinbase? [BlockBeats](https://www.chaincatcher.com/en/specialt/123) 2025-10-24 23:44:13 Collection What opportunities are worth paying attention to in the payment protocol launched by Coinbase? Share Scan with WeChat Author: Rhythm BlockBeats Yesterday, a special golden dog was born on Base, and it is $PING. Based on the cost of minting and the current coin price, a successful mint yields about 18 times the investment. The uniqueness of $PING lies in its minting process, which reminds people of the inscriptions from two years ago. The cost to mint one $PING is about 1 dollar, and if successful, one can obtain 5000 $PING. The minting page for $PING, like the inscriptions back then, lacks a fancy frontend and appears quite hardcore. This is the first token issued through the x402 protocol. So, what is the x402 protocol? Why is the minting process of $PING so special? What is the current ecological situation of this protocol? ## What is the x402 Protocol? x402 is an open payment protocol developed by Coinbase that enables AI agents to autonomously complete transactions. The x402 protocol utilizes the long-standing "HTTP 402 Payment Required" status code to require payment to complete API requests or load web pages. If an API request lacks payment information, x402 will return an HTTP 402 status code, prompting the client to pay and retry the request. The following workflow diagram intuitively explains how the x402 protocol operates: (Image source: Jay Yu -- Pantera Capital) A user makes a request to Claude, "Using my Coinbase wallet, help me buy a pair of jeans on Amazon." After receiving the request, the AI initiates a purchase request to Amazon, which constructs a preliminary transaction including the wallet address to be used, the chain to be used, the currency, and the specific amount. Once the AI receives this, it sends the transaction to the x402 protocol validator to check if the corresponding wallet on the corresponding chain has sufficient assets, if the goods are tradable, and if the user has confirmed authorization. Once all is completed, the amount and payment proof are sent to the merchant's address. The transaction is then complete. Overall, the HTTP 402 status code serves as a "communication" mechanism in the protocol to indicate whether a transaction is successful. Coinbase built on this status code, adding the functionality of using blockchain for payments, which became the x402 protocol. It sounds simple, but from the protocol workflow above, there are two exciting aspects. First, the channel for on-chain assets to be used for actual payments is further simplified; users do not need to cash out into fiat currency to consume but can directly use USDT, USDC, or even other on-chain assets for consumption. However, the key to this is the need for widespread adoption, with enough merchants supporting it. Any Web API or content provider (crypto or Web2) that wants to provide a low-cost, frictionless payment path for small or usage-based transactions can integrate x402. The second point is the AI Agent. AI Agents, as payers/recipients, are quite compatible with blockchain payments because AI Agents do not naturally have bank or payment app accounts through KYC like humans do. As the intelligence of AI Agents continues to improve, some novel consumption experiences or on-chain experiences are also worth looking forward to. The workflow also explains why the minting process of $PING resembles inscriptions, as it requires confirmation from the x402 validator. During the minting process, a large number of minting requests not only overwhelmed the minting interface but also provided the x402 protocol with a real pressure test. Data from the past 30 days shows that the $PING interface has received over 150,000 x402 transactions, amounting to approximately $140,000, far surpassing the second-ranked Questflow. This is the first time in nearly half a year since the launch of the x402 protocol that it has been so lively and well-known. Regardless of the chain or protocol, new asset issuance is always a lasting hot topic in the crypto space. ## Overview of the x402 Ecosystem So, besides $PING, what other projects under the x402 protocol are worth paying attention to? The Ecosystem page on the x402 protocol's official website summarizes the current projects. If you click into each project, you will feel that this protocol is still in a relatively early stage of development. Many links lead directly to technical documentation or redirect to GitHub projects. Here we summarize some projects that already have tokens or are about to launch tokens. ### Questflow A multi-AI Agent workflow layer that allows multiple AI Agents to autonomously coordinate and execute tasks. Announced in July this year, it completed a $6.5 million seed round led by cyber•Fund, with participation from Delphi Labs, Systemic Ventures, Eden Block, HashKey Capital, Animoca Brands, Tezos, and received grants from Coinbase Developer Platform, Aptos, and Virtuals. Currently, there is no official token, but last December, it launched $SANTA in collaboration with Virtuals, an autonomous Agent cluster utilizing Questflow's QDP (Questflow Developer Platform) and MAOP (Multi-Agent Orchestration Protocol). $SANTA currently has a market cap of approximately $4.5 million. ### AurraCloud An AI Agent infrastructure aimed at crypto-native applications. It can immediately host AI Agents using OpenAI-compatible APIs or MCP servers and achieve AI monetization through the on-chain x402 protocol on Base. Additionally, at the beginning of this month, the project also provided x402 verification services. The token $AURA was launched through Virtuals and currently has a market cap of approximately $1.6 million. ### Meridian Incubated by uOS, it provides multi-chain settlement and custody services for the x402 protocol. The token $MRDN currently has a market cap of approximately $1.5 million. ### PayAI Provides multi-chain x402 payment service support, including Solana, and also offers x402 verification services. The token $PAYAI currently has a market cap of approximately $5 million. ### Daydreams Supports the LLM inference process for applications and AI Agents with x402. Additionally, it is building Lucid—a platform where anyone can deploy Daydreams Agents to solve problems, with users signing transactions to pay in USDC via x402, and Agents can pay each other for access. The token $dreams currently has a market cap of approximately $6.7 million. ### Gloria AI A real-time news platform built for traders, creators, AI Agents, and automated systems, which can be paid for services using $GLORIA via x402. The token $GLORIA currently has a market cap of approximately $1.65 million. ### Kite AI Kite AI builds a foundational trading layer for the "Agentic Internet," providing unified identity, payment, and governance infrastructure for autonomous agents. What Kite AI does is highly relevant to x402; it mentioned support for x402 as early as July and can be considered the only project in the x402 ecosystem that can be classified as a "chain." On September 2, according to Fortune, Kite AI announced the completion of a total of $33 million in financing, with the latest Series A round amounting to $18 million, led by PayPal Ventures and General Catalyst, with participation from 8VC, Samsung Next, SBI US Gateway Fund, Vertex Ventures, Hashed, HashKey Capital, Dispersion Capital, Alumni Ventures, Avalanche Foundation, GSR Markets, LayerZero, Animoca Brands, Essence VC, and Alchemy. Kite AI has not yet launched a token, but it recently introduced the Kite Foundation X account, which clearly indicates that a token will be issued and should be soon. Currently, the only tradable related asset is the official FLY THE KITE NFT, with a floor price of 0.375 ETH. ## Conclusion In September this year, Coinbase and Cloudflare announced the joint establishment of the x402 Foundation to promote the development of the protocol. Although there are some similar competitors, such as bitGPT's h402 and Radius's EVMAuth, there is no doubt that x402 has the strongest background and the highest level of attention. If the market cap of $PING significantly rises in the coming days, x402 will gain more market attention. This is not only good for meme coins but also beneficial for infrastructure projects. [**Project Introduction and Analysis** \ \ Introducing you to the cutting-edge projects in the cryptocurrency market.\ \ Topic or theme](https://www.chaincatcher.com/en/special/67) Related tags [Dajin Dog](https://www.chaincatcher.com/en/tags/Dajin%20Dog) [Coinbase](https://www.chaincatcher.com/en/tags/Coinbase) [HTTP 402](https://www.chaincatcher.com/en/tags/HTTP%20402) [x402 Protocol](https://www.chaincatcher.com/en/tags/x402%20Protocol) [AI Agent](https://www.chaincatcher.com/en/tags/AI%20Agent) [Questflow](https://www.chaincatcher.com/en/tags/Questflow) [AurraCloud](https://www.chaincatcher.com/en/tags/AurraCloud) [Kite AI](https://www.chaincatcher.com/en/tags/Kite%20AI) ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly. Risk warning [**BlockBeats**](https://www.chaincatcher.com/en/specialt/123) [Mr. Beast's Financial Gamble](https://www.chaincatcher.com/en/article/2214611) [Coinbase: Why did we spend $400 million to acquire Echo?](https://www.chaincatcher.com/en/article/2214263) Related tags [Dajin Dog](https://www.chaincatcher.com/en/tags/Dajin%20Dog) [Coinbase](https://www.chaincatcher.com/en/tags/Coinbase) [HTTP 402](https://www.chaincatcher.com/en/tags/HTTP%20402) [x402 Protocol](https://www.chaincatcher.com/en/tags/x402%20Protocol) [AI Agent](https://www.chaincatcher.com/en/tags/AI%20Agent) [Questflow](https://www.chaincatcher.com/en/tags/Questflow) [AurraCloud](https://www.chaincatcher.com/en/tags/AurraCloud) [Kite AI](https://www.chaincatcher.com/en/tags/Kite%20AI) Related reading [Virtuals Robotics: Why are we entering the field of embodied intelligence?](https://www.chaincatcher.com/en/article/2214978) [Conversation with Coinbase CBO: Why did we acquire Cobie's Echo platform?](https://www.chaincatcher.com/en/article/2214850) [Morning News \| Suspected single entity claims $10 million MET airdrop; Trump pardons Binance founder Zhao Changpeng](https://www.chaincatcher.com/en/article/2214778) [Is Binance evil? The data tells you an unexpected story](https://www.chaincatcher.com/en/article/2214725) ChainCatcherBuilding the Web3 world with innovators Open the app
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[Skip to main content](https://treasury.gov.au/treasury.gov.au#main-content) # Project Acacia: RBA and DFCRC announce chosen industry participants and ASIC provides regulatory relief for tokenised asset settlement research project Date 10 July 2025 **Joint initiative between the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC)** Project Acacia has today reached a significant milestone with a number of industry participants (see below) selected to explore how innovations in digital money and existing settlement infrastructure might support the development of Australian wholesale tokenised asset markets. Project Acacia is a joint initiative between the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC). This work is also supported by the Australian Securities and Investments Commission (ASIC), the Australian Prudential Regulation Authority (APRA), and the Australian Treasury. This project is one of the initiatives highlighted in the Government’s [March 2025 _Statement on Developing an Innovative Australian Digital Asset Industry_](https://treasury.gov.au/publication/p2025-628504). 24 innovative use cases from a diverse range of organisations, ranging from local fintechs to major banks, have been conditionally selected for this next stage of the project. There will be: - 19 pilot use cases, which will involve real money and real asset transactions, and - 5 proof‑of‑concept use cases involving simulated transactions. The use cases involve a range of asset classes, including fixed income, private markets, trade receivables and carbon credits. Proposed settlement assets for the use cases include stablecoins, bank deposit tokens, and pilot wholesale central bank digital currency (CBDC), as well as new ways of using banks’ existing exchange settlement accounts at the RBA. Issuance of pilot wholesale CBDC for testing use cases will occur on a range of private and public‑permissioned DLT platforms, including Hedera, Redbelly Network, R3 Corda, Canvas Connect and other EVM‑compatible networks. ## ASIC clears way for industry participation Supporting Project Acacia, ASIC is providing regulatory relief to participants to support and streamline the pilot. ASIC’s relief will support the responsible testing of tokenised asset transactions, in some cases using CBDCs, between participants and a limited number of financial institutions in the coming months. ASIC has previously provided individual relief of a similar nature to participants in earlier digital money projects led by the RBA. The relief instrument is available on the [Federal Register of Legislation](https://www.legislation.gov.au/F2025L00831/asmade/text). ## Project Acacia’s next steps Testing of use cases will occur over the next six months, with a report on the findings from the project expected to be published in the first quarter of 2026. The findings of this next stage of the project will support the RBA’s ongoing research into how innovation in the financial system can best support the Australian economy in the digital age. ## Lead use case participants - Australian Bond Exchange - Australia and New Zealand Banking Corporation - Australian Payments Plus - Canvas - Catena Digital - Commonwealth Bank of Australia - Fireblocks - Forte Tech Solutions - Imperium Markets - Northern Trust - NotCentralised - ProspEx Group - Westpac Banking Corporation - Zerocap **Brad Jones, Assistant Governor (Financial System) at the RBA said:**“Ensuring that Australia’s payments and monetary arrangements are fit‑for‑purpose in the digital age is a strategic priority for the RBA and the Payments System Board. Project Acacia represents an opportunity for further collaborative exploration on tokenised asset markets and the future of money by the public and private sectors in Australia. “The use cases selected in this project will help us to better understand how innovations in central bank and private digital money, alongside payments infrastructure, might help to uplift the functioning of wholesale financial markets in Australia. “We thank all interested parties for their efforts in Project Acacia to date and look forward to reporting back on the findings that will emerge over the reminder of the project.” **ASIC Commissioner Kate O’Rourke said:** “Innovation is a sign of a vibrant economy and society. ASIC supports the responsible development of new technologies, including tokenisation and distributed ledgers. “ASIC sees useful applications for the technologies underlying digital assets in wholesale markets. The relief from regulatory requirements that we have announced today will allow these technologies to be sensibly tested—to explore opportunities and identify and tackle risks. “Importantly, Project Acacia will allow industry and regulators to work together to learn more about how these use cases may reshape the financial services industry, potentially boosting efficiency and foster economic growth.” **Professor Talis Putnins, Chief Scientist at DFCRC said**: “It is great to have collaboration from so many parts of the industry, from small fintechs to large banks, alongside the key financial regulators in this forward‑looking, innovative project. The real money settlement models being tested, including issuing pilot wholesale CBDC on third party platforms, reflects another world‑first for Australia in this rapidly evolving field. “The project is of strategic importance to the DFCRC because, as a co‑operative research centre, our focus is on bringing together key groups to unlock the large economic potential of digital finance innovation in Australia. Recent research suggests potential economic gains in markets and cross border payments could be in the order of AU $19 billion per year. Project Acacia is a significant step towards realising these gains, by providing evidence on the forms of money and settlement models that best enable tokenised real‑world asset markets.” ## About Project Acacia Project Acacia is exploring how different forms of digital money and associated infrastructure could support the development of wholesale tokenised asset markets in Australia. The [consultation paper](https://www.rba.gov.au/payments-and-infrastructure/central-bank-digital-currency/wholesale-central-bank-digital-currency.html#project-acacia) initiating Project Acacia was released in November 2024 and called for industry feedback and expressions of interest in participating. Project Acacia is a joint research project between Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC). The project is supported by key stakeholders including the Australian Securities and Investments Commission (ASIC), Australian Prudential Regulation Authority (APRA) and the Australian Treasury, which are all represented on the project Steering Committee, along with representatives from the RBA and DFCRC. ### Keep up to date with Treasury - [X (formerly Twitter)](https://twitter.com/Treasury_AU) - [Facebook](https://facebook.com/australiantreasury/) - [LinkedIn](https://linkedin.com/company/commonwealth-treasury/) In the spirit of reconciliation, the Treasury acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples. - ABN: 92 802 414 793
It's Your Hello Win Moment 🎃 [Get 60% OFF Today](https://coinstats.app/r/halloween25/?utm_source=h25-website-header) 🎃 # Circle Unveils Gateway x402 Integration to Power AI-Driven Micropayments 14d ago• [BlockchainReporter](https://blockchainreporter.net/circle-unveils-gateway-x402-integration-to-power-ai-driven-micropayments/?utm_medium=referral&utm_source=coinstats) bullish: 0 bearish: 0 Share Circle moves to solve a problem very few people noticed until agents started doing the noticing for us: how do autonomous AIs pay for the tiny, constant costs of operating on the internet? In a push to enable machine-to-machine micropayments, Circle is [proposing](https://x.com/circle/status/1976627555873747070) to connect its Gateway product, a chain-abstracted USDC layer, with the x402 payment protocol, and to plug that work into emerging agent payment standards such as Google’s A2A and AP2. The result, Circle says, is a payments stack built for agents: lightweight, composable, and able to settle huge numbers of tiny transactions without the friction that kills real-time machine commerce. The shift is more than technical plumbing. AI is moving from passive, prompt-driven helpers into agentic systems that research, reason, and transact on behalf of users. Those agents will increasingly consume paid resources, data feeds, compute, content, API calls, often in streams of tiny payments rather than the occasional human-initiated charge. Traditional payment rails and on-chain settlement weren’t built for thousands of sub-dollar transactions per second; gas costs, latency, and cross-chain friction make that model impractical. Circle frames its Gateway x402 integration as an answer to those constraints, enabling deferred, batched settlement and a single USDC balance that spans supported chains so agents can transact without getting stuck on per-transaction fees or chain boundaries. x402, the emerging open standard for internet-native payments, has been gathering momentum in the developer and infrastructure world, with work driven by organizations including Coinbase and Cloudflare and templates and implementations already appearing on GitHub and in starter kits. The protocol builds on the long-neglected HTTP 402 “Payment Required” signal, extending the web’s financial layer so clients and services can exchange value directly over HTTP in a chain-agnostic way. Circle’s proposal to connect Gateway to x402 appears on the project’s repositories and invites community review, signaling the kind of open collaboration proponents say is necessary to make agentic commerce interoperable. ## A Practical Foundation What makes Gateway a practical foundation for agent payments, according to Circle, is twofold. First, Gateway already offers a chain-abstracted USDC balance across supported blockchains, removing the need for agents to worry about which chain a counterparty prefers. Second, Gateway’s new batching capability, rolling out to testnet soon, groups thousands, potentially hundreds of thousands, of micropayments off-chain and settles them together on-chain. That model preserves the finality of on-chain settlement while avoiding per-transaction gas costs and cutting latency and expense to levels that make continuous, high-frequency payments feasible. In short, batching and chain abstraction tackle the twin problems that would otherwise block agentic payment use cases: gas on micropayments and cross-chain agency. Circle is not working alone. The company says it is participating with Google on the Agent2Agent (A2A) and Agent Payments Protocol (AP2) efforts, leaning on Gateway’s throughput and multichain capabilities to support both direct agent-to-agent flows and hybrid human-agent interactions. [Google’s AP2](https://blockchainreporter.net/google-brings-stablecoins-to-ai-driven-commerce-with-new-ap2-standard/) and A2A initiatives flesh out how agents will authenticate, authorize, and account for payments, for example, by using cryptographically signed “mandates” that prove a human authorized an agent to spend on their behalf, and by standardizing the messages agents send when they request or provide services. Circle’s involvement aims to ensure stablecoins and modern blockchain rails can be first-class citizens in that stack. ## Essential Use Cases The use cases are easy to imagine and hard to understate. An AI research assistant could pay a publisher a few cents to access a single article every time it cites it. A compute-hungry model could dynamically compensate providers for processing cycles while it trains or runs inference, moving tiny amounts of USDC across chains as needed. Marketplaces of machine services, data, compute, and specialized models could price at granular intervals and permit agents to assemble complex workflows that pay as they go. Circle says it’s building demos to illustrate these flows and that the work began inside its AI incubator, where open, prototype-driven research translates into standards contributions and, potentially, production products. For builders and researchers, the ask is simple: review, critique, and contribute. Circle points developers to the x402 repositories and their public proposal so the broader ecosystem can help shape the integration and ensure it meets the reliability, security, and privacy demands of real-world agentic commerce. If agents are going to become active economic participants on the internet, the rails beneath them will need to be as open, efficient, and composable as the software they power. Circle’s Gateway x402 proposal, and its work alongside Google on A2A and AP2, aim to be one of those rails. As agentic AI moves from lab demos to production systems, payments will no longer be an afterthought. There will be a core protocol problem, and the debate over how those payments are represented, authorized, and settled will shape who can build and profit in the next generation of internet commerce. Circle’s move to marry USDC, Gateway, x402, and the emerging AP2/A2A standards is an early bet on an economy where software agents transact continuously, autonomously, and, crucially, cheaply. Developers and ecosystem participants can read Circle’s proposal and the x402 specifications on GitHub to see the technical details and add their voices to the conversation. If you want to dig in, Circle’s writeups and the [x402 project](https://github.com/coinbase/x402/issues/447) repositories are publicly available for review and comment. Together, proponents say, these open efforts can produce payment rails that let humans and AI agents participate seamlessly in the same internet economy. 14d ago• [BlockchainReporter](https://blockchainreporter.net/circle-unveils-gateway-x402-integration-to-power-ai-driven-micropayments/?utm_medium=referral&utm_source=coinstats) bullish: 0 bearish: 0 Share Manage all your crypto, NFT and DeFi from one place Securely connect the portfolio you’re using to start. 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# RAAC Adds $200M of Gold to DeFi with Listed Tokenizer I-ON - Chainwire - [Home](https://chainwire.org/) - [Newsroom](https://chainwire.org/category/newsroom/) - RAAC Adds $200M of Gold to DeFi with Listed Tokenizer I-ON **02** Oct ## RAAC Adds $200M of Gold to DeFi with Listed Tokenizer I-ON **Road Town, British Virgin Islands, October 2nd, 2025, Chainwire** **RAAC becomes Top 15 RWA protocol by TVL following deal with tokenized gold leader** [RAAC](https://www.raac.io/), a decentralized Real World Asset (RWA) lending and borrowing ecosystem, is partnering with listed provider I-ON Digital Corp (OTCQB:IONI) to make $200 million of tokenized gold available for innovative, on-chain investment opportunities. The deal positions RAAC, a nascent project, among the top 15 RWA protocols in decentralized finance (DeFi) by total value locked (TVL), alongside BlackRock, Franklin Templeton, Tether, and Paxos (as of October 2, 2025). I-ON Digital, a recognized leader in compliant gold digitization, will deploy its gold-backed digital asset [ION.au](http://ion.au) into RAAC’s ecosystem, beginning with an initial tranche of $200 million. Subsequently, RAAC will launch pmUSD: a stablecoin partially collateralized by [ION.au](http://ion.au) that will be available for decentralized investment strategies. These will include structured yield opportunities across tokenized assets – including gold and other precious metals and real estate – through mechanisms such as auto-compounding DeFi vaults, gold-backed lending markets, and participation in ZENO Bonds and iRAAC index pools\*. RAAC is a Chainlink Build Project, a member of The Circle Alliance, and counts Curve founder Michael Egorov among its chief advisors. Like I-ON, RAAC is also backed by Chainlink proof-of-reserves and attested by Instruxi – a recognized leader in RWA tokenization for some of the world’s largest banks and asset managers. This ensures trustless validation for institutional partners. > **Kevin Rusher, founder of RAAC**, says: “This deal marks a historic moment for the integration of physical, real world assets from traditional to decentralized finance – a long-held, but hardly achieved aim. We are thrilled to be working with a firm like I-ON that has such a strong track record in the tokenization of gold to bring steady, income-bearing investments into the mainstream of DeFi. We believe the integration of steady, reliable assets like gold is how we support open finance to achieve its full potential, which is facilitating access to sustainable wealth creation for any type of investor.” In addition to this deal, I-ON will invest up to $1 million in RAAC as a founding partner of the newly formed RWA Federation: a governance body that will guide the development of RAAC’s RWA open finance ecosystem. > **Carlos X. Montoya, CEO and chairman at I-ON Digital**, says: “This agreement represents a watershed moment for I-ON Digital and our gold-backed stablecoin, ION.au. Our alliance with RAAC underscores our unwavering commitment to transforming the future of decentralized finance through the tokenization of real-world assets and the delivery of market-ready, asset-backed stablecoins to the global financial community. By aligning with visionary technology partners like RAAC, Instruxi, Chainlink, and Curve, we are not just expanding market and liquidity opportunities – we are setting the stage for a new era of trust, transparency, and global accessibility in the RWA economy.” The announcement follows the launch of RAAC’s genesis NFT collection – RAAC Bots – the entirety of which was minted in less than 10 seconds on Magic Eden, and has gathered a community of DeFi power-users that collectively hold over $30 million in on-chain capital. RAAC is currently in testnet and is available to non-US persons. **\*RAAC is only available in a limited number of jurisdictions and is not available to US persons\*** **About RAAC** [RAAC](https://www.raac.io/) is a decentralized Real World Asset (RWA) lending and borrowing ecosystem that is widening participation in tokenized RWAs like real estate and gold. The platform will allow users to borrow against their holdings at competitive rates, while also offering investors access to high-value arbitrage opportunities. Providing a bridge between traditional and decentralized finance, RAAC is modernizing the way investors can access and profit from the world’s most stable assets. **Profile Links:** - **Website:** [https://www.raac.io/](https://www.raac.io/) - **Twitter:** [https://x.com/RegnumAurum](https://x.com/RegnumAurum) **About I-ON Digital Corp** I-ON Digital Corp. (OTCQB: IONI) is redefining digital asset banking by transforming real-world assets – particularly in-situ gold – into blockchain-secured, regulated financial instruments. Its flagship asset, ION.au, is backed by verified, physically allocated gold reserves and priced according to LBMA standards. Through proprietary technologies that blend blockchain, AI, and institutional-grade compliance frameworks, I-ON unlocks the value of untapped natural resources while eliminating the environmental impact of traditional extraction. The company bridges traditional finance (TradFi) and decentralized finance (DeFi), enabling institutions to digitize assets, streamline compliance, and access sustainable, secure value exchange infrastructure. **Profile links:** - **Website:** [https://iondigitalcorp.com](https://iondigitalcorp.com) - **Twitter:** [https://x.com/IONDigitalCorp](https://x.com/IONDigitalCorp) **For further information, please contact:** Investor Relations I-ON Digital Corp. [email protected] (866) 440-2278 > [I-ON Digital Corp – Digitized Gold. Digital Trust. Institutional Scale.](https://iondigitalcorp.com/) Manage Cookie Consent We use cookies to make Chainwire's website a better experience. Cookies help us provide a more personalized experience and relevant advertising for you, and web analytics for us. FunctionalFunctional Always active The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. PreferencesPreferences The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. 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Global Logistics Update "THINK GLOBALLY, READ LOCALLY" [SEE OTHER BRANDS](https://www.affinitygrouppublishing.com/) # xMoney Launches $XMN on Sui, Expands Listings Across Global Exchanges **Vaduz, Liechtenstein, October 15th, 2025, Chainwire** [xMoney](https://www.xmoney.com/), the compliant, all-in-one payment ecosystem bridging traditional finance and Web3, has officially launched its native token, [**$XMN**](https://www.xmoney.com/token), on **Sui**, a leading Layer 1, marking a major milestone in its mission to build the future of compliant, global payments. The launch comes as **Sui deepens its strategic investment in xMoney** after xMoney’s [recent expansion](https://www.xmoney.com/blog/xmoney-expanding-to-sui), reinforcing their shared vision to connect traditional finance, stablecoins, and digital assets through scalable, compliant infrastructure. > “While the market moves in cycles, utility and compliance never go out of style,” said **Gregorios Siourounis**, CEO of xMoney. “The launch of $XMN and the continued support from Sui mark a defining step in our mission to build real, global payment infrastructure that serves users, merchants, and institutions alike.” **Global Access from Day One** $XMN is the [native token](https://www.xmoney.com/blog/introducing-xmn) powering the **xMoney ecosystem**, designed to connect users, merchants, and institutions across traditional and decentralized finance. It fuels the network’s **governance, staking, rewards, and liquidity programs**, creating direct alignment between ecosystem growth and participant value. It serves as the unifying element driving incentives, interoperability, and engagement. Its role extends beyond payments: it is the mechanism that transforms users and partners into active contributors to the platform’s long-term evolution. Following the launch, **$XMN** is now available across several leading exchanges, including **Kraken, MEXC, Bluefin, BingX, and CoinEx**, with more listings planned in the coming weeks to expand liquidity and global reach. This multi-exchange rollout ensures that users and institutional participants can access $XMN from day one, with both **CEX and DEX availability**, creating a foundation of accessibility, transparency, and market depth from the start. **Backed by Sui to Build the Future of Payments** xMoney’s recent [**$21.5 million strategic funding**](https://www.xmoney.com/blog/xmoney-strategic-funding-round), led by the **Sui Foundation,** underscores investor confidence in xMoney’s hybrid approach, merging regulatory compliance with blockchain scalability to unlock the full potential of the **$7 trillion stablecoin and global payments market**. This investment reflects a shared belief in **compliance-first Web3 adoption** and the power of scalable, high-performance blockchain infrastructure. > “Sui’s role goes far beyond investment,” said **Adeniyi Abiodun**, Co-Founder and Chief Product Officer at Mysten Labs, the original contributor to Sui. “xMoney is integrating infrastructure directly into platforms that power online businesses, wallets, and merchant services across the globe. They’re connecting everyday financial interactions to crypto and every merchant, wallet, and user they integrate is a node that strengthens the broader payment ecosystem. Sui supports this mission with unmatched scalability and the infrastructure to move value globally, securely, instantly, and at scale.” **Beyond Hype: Building for the Decade Ahead** xMoney’s ecosystem combines regulated payment rails with blockchain-native scalability, offering a full suite of financial tools for the next era of payments, including: - **Traditional and fiat payment solutions** for merchants and businesses - **Crypto payment rails** for invoices, APIs, and on/off-ramps - **Marketplace integrations** for global digital commerce - **Card issuing and loyalty programs** that bridge fiat and crypto seamlessly With **MiCA compliance** and **EMI licensing**, xMoney is one of the few platforms ready to operate across both traditional and decentralized finance environments, setting a new standard for scalability and trust in the payments sector. > “The successful launch of $XMN is the activation of a long-term vision,” added Siourounis. “Our foundation is strong, our partnerships are expanding, and we’re just getting started.” As xMoney continues expanding across ecosystems, the company remains focused on one clear mission: to make global payments seamless, compliant, and accessible to everyone, everywhere. **About xMoney** [xMoney](https://www.xmoney.com/) is building the future of compliant, global payments powered by stablecoins. With infrastructure spanning debit cards, subscriptions, and cross-border settlement, and credentials as a Licensed EMI, PCI DSS Level 1 Certified provider, and Visa/Mastercard principal member, xMoney enables enterprises and individuals alike to tap into the $7 trillion stablecoin economy. Learn more at [xmoney.com](http://xmoney.com) **About Sui** Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the ground up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich onchain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing user-friendly experiences. For more information about Sui, please visit [https://sui.io](https://sui.io/). ##### Contact **Marketing****Alexandru Rus****xMoney****[email protected]** Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. 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The x402 narrative is exploding as Coinbase's AI-agent payment protocol ignites a frenzy of meme and infra plays - $PING leads the charge with 300%+ pumps, but real alpha lies in upcoming launches and multi-chain enablers like Kite AI, poised to capture the $7T stablecoin market as agents go autonomous.
❇️ MOMENTUM DRIVERS $PING dominates with a $67M market cap after a 327% 24h surge on $42.5M volume, minting at ~$1 for 5K tokens echoing inscription hype - but its 150K+ x402 transactions validate protocol stress-testing, drawing 1.5M new buyers to Base. Kite AI's $33M funding (PayPal Ventures-led) and imminent token launch position it as the foundational layer for agent identity/payments, with NFT floor at 0.375 ETH signaling pre-launch buzz.
❇️ INFRA PLAYS $PayAI ($5M cap) shines with Solana/Base x402 support and verification services, enabling multi-chain micropayments that could scale Questflow's 48K tx model. $DREAMS ($6.7M cap) integrates LLM reasoning for agent-to-agent payments via x402, while $AURA ($1.6M cap) hosts crypto-native AI agents on OpenAI APIs - both low-cap gems tying into Cloudflare's deferred scheme for batched settlements.
❇️ BOTTOM LINE Rotate into $PING for short-term flips above $0.08, but allocate 60% to Kite AI pre-launch for 10x potential on agentic infra; watch $PayAI/$DREAMS for 5-20x as x402 adoption hits 1M tx daily - this narrative's just heating up, but volatility screams trim on spikes.
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