Why the x402 protocol didn’t fade after the PING hype, and what’s driving the second wave

💡 DMK Insight

X402’s shift from hype to practical application is a game changer for crypto payments. With Coinbase and Cloudflare backing the ‘402 Payment Required’ model, traders should pay attention to how this could redefine transaction structures in the crypto space. This partnership could lead to increased adoption of X402, especially among businesses looking for scalable payment solutions. The implications for liquidity and trading volume are significant, as more users might enter the market seeking to leverage this infrastructure. Keep an eye on how this affects related assets, particularly those in the payment processing sector, as they could experience volatility based on X402’s performance. However, it’s worth noting that the market can be fickle. If the hype fades or technical issues arise, we could see a sharp pullback. Watch for key price levels that indicate support or resistance as this development unfolds, especially in the coming weeks as adoption metrics start to surface.