The x402 ecosystem has exploded in just three days—expanding from 10 listed tokens worth $178 million on Oct. 25, 2025, to 44 coins with a combined value of $832 million as of Oct. 28, according to Coingecko. The Rise of x402 Tokens Three days ago, Bitcoin.com News reported on how Coingecko launched a new category for x402 tokens, a class of artificial intelligence (AI) digital assets tied to Coinbase’s x402 protocol. The surge in listings and valuation reflects rising enthusiasm for machine-to-machine (M2M) payments and the emerging “agentic economy,” where AI systems transact autonomously. What Is x402? x402 is an open-source, HTTP-native payment protocol designed by Coinbase that revives the long-unused HTTP 402 “Payment Required” status code. It allows websites, APIs, and even AI agents to request real-time payments directly through standard web requests—no subscriptions, no middlemen. X is littered with explainers and tutorial threads discussing the new trend. How It Works Instead of traditional paywalls or API keys, users can send instant micropayments—typically in USDC—through their browser. These transactions settle in roughly two seconds and incur zero protocol fees. x402 operates across multiple blockchains, including Base, Solana, Polygon, and Sei, enabling seamless interoperability. The x402 Foundation—co-founded by Coinbase and Cloudflare—has already attracted major integrations. Companies like Google, Visa, AWS, Circle, and Anthropic are reportedly testing or adopting x402’s capabilities for AI-driven payments, highlighting its potential as a universal digital payment layer. Coingecko’s x402 page initially listed 10 projects but now tracks 44, as developers rush to leverage the protocol’s micropayment architecture. Together, they represent $832 million in combined market capitalization and $108 million in daily trading volume. Top Tokens Leading the Ecosystem According to Coingecko’s x402 token stats recorded on Oct. 28, 2025, at 10 a.m. Eastern time, the x402 ecosystem is led by eigencloud (EIGEN)—formerly Eigenlayer—priced at $1.12 with a market cap of about $436 million. Other major players include FLOCK ($0.2631), bankrcoin (BNKR) ($0.0005239), payai network (PAYAI) ($0.04806), and openserv (SERV) ($0.04618). Further down the list are ping (PING) ($0.02332), switchboard (SWTCH) ($0.1092), adex (ADX) ($0.1171), vpay (VPAY) ($0.01507), and SANTA ($0.01466). Rounding out the top 20 are projects such as daydreams (DREAMS), opus (OPUS), avo (AVO), aurra (AURA), heurist (HEU), meridian (MRDN), homebrew robotics club (BREW), ROBA, 0xgasless (0XGAS), and alphakek.ai (AIKEK). What x402 Tokens Actually Do x402 tokens are typically utility or governance assets for projects that rely on the x402 protocol. They enable AI agents, decentralized applications, or services to pay for data queries, processing, or analytics via automated web-based transactions. Projects such as PayAI and Ping enable real-time payments for AI agent monitoring and orchestration. Others, like Heurist (HEU), use x402 for data queries, while Virtuals’ SANTA and AURA power networks of AI bots performing automated onchain tasks. EIGEN’s adoption of x402 is tailor-made for the agent economy, letting autonomous agents mingle with onchain and offchain systems, handle payments on their own, and enable razor-thin, pay-per-use pricing that drills down to mere fractions—think $0.001 per request. Another case in point: the FLOCK token plans to tap the x402 protocol to let AI agents and users pay as they go for access to fine-tuned models and federated AI services on the FLOCK API platform—settling payments instantly in USDC through good old HTTP. The x402 boom mirrors the growing intersection of artificial intelligence, blockchain, and decentralized finance (DeFi). By embedding payments directly into the web layer, x402 allows digital entities to transact autonomously—fueling a shift toward frictionless AI-to-AI commerce. Whether x402 becomes the new financial backbone for autonomous systems or just the latest crypto trend, its rapid expansion in both listings and capitalization shows that investors are paying attention. As AI and web protocols converge, the “Payment Required” era may finally be upon us. FAQ 🤖 What are x402 tokens?x402 tokens are utility and governance coins built on Coinbase’s x402 protocol to enable instant micropayments across the web and AI ecosystems. How big is the x402 market?As of Oct. 28, 2025, Coingecko lists 44 tokens with a combined market cap of $832 million. Who’s behind x402?The x402 Foundation, co-founded by Coinbase and Cloudflare, leads the protocol’s development with integrations from major firms. Why are x402 tokens important?They enable real-time, low-fee payments between AI agents, data providers, and users—powering the emerging “agentic economy.”