The total market capitalization of the x402 ecosystem token has surpassed 1 billion USD, with a seven-day increase of 567.7%.

According to the latest data, the total market capitalization of the x402 ecosystem token has surpassed $1 billion, with a staggering increase of 567.7% over the past seven days, making it one of the most notable focuses in the cryptocurrency market recently. This explosive growth marks the rapid transformation of the x402 protocol from a technical concept into an ecosystem with significant market impact. 📈 Market Capitalization Growth As of November 2, 2025, the total market capitalization of the x402 ecosystem token reached approximately $1.158 billion. Among them, the market capitalization of SKL is about $108 million, BNKR is approximately $56.703 million, PayAI is around $28.958 million, while PING, the first MEME token in the ecosystem, has a market capitalization of about $26.238 million. This growth is not coincidental, as its foundation was laid in late October. For example, on October 26, the total market capitalization of the ecosystem was about $180 million, with a 24-hour increase of 265.2%. Individual tokens within the ecosystem performed particularly well, such as the x402 concept token PayAI from the Solana ecosystem, which set a record with a nearly 150% increase in 24 hours on October 27 and achieved over tenfold growth within four days. 🚀 Growth Drivers Analysis The explosion of the x402 ecosystem is primarily driven by several key factors. First, the wealth effect of MEME coins attracted initial attention and speculative funds. For instance, PING, as the first token launched through the x402 protocol, experienced a surge of over 20 times within two days at the end of October, opening up traffic for the entire ecosystem. Secondly, mainstream exchanges specifically launched the x402 section, along with concentrated promotion from ecological parties like Base, creating a powerful exposure effect. More importantly, the driving force comes from the market's recognition of the protocol's practical value. Unlike pure MEME tokens, the x402 protocol aims to activate the HTTP 402 status code, building an on-chain micropayment layer serving API calls and AI agents. This potential to solve real problems attracts funds seeking long-term value. Facilitators, such as Cb Fac and PayAI, which serve as core service providers of the protocol, have handled massive transactions, also proving the initial activity of the ecosystem. 🔮 Ecological Differentiation and Future Outlook Currently, there is a clear differentiation of value within the x402 ecosystem, with funds flowing from purely speculative projects to those with practical infrastructure. A landmark event is that the market capitalization of PayAI, representing the 'pragmatic' faction, once surpassed that of the purely MEME property PING at the end of October. This transition from speculation to utility is a positive signal for the healthy development of the ecosystem. In the future, the continued growth of the x402 ecosystem will depend on whether its protocol can be adopted by more mainstream projects and whether it can foster applications with real users and income. While investors pay attention to high return potential, they must also be wary of the high volatility risks that market short-term enthusiasm may bring. 💎 Summary In summary, the x402 ecosystem's market capitalization exceeding $1 billion is an important recognition of its technological innovation and practical potential by the market. Although short-term speculation factors exist, the trend of value differentiation exhibited within the ecosystem indicates that projects based on actual utility are gradually gaining market dominance.