Decoding x402: A New Era of Automated Payments

In the ever-evolving landscape of digital commerce, x402 emerges as a groundbreaking protocol offering a seamless solution for programmable payments. Developed by Coinbase in May, this innovative technology leverages the power of HTTP and brings back a long-dormant aspect of web standards to streamline transactions and unlock new possibilities. The protocol has experienced explosive growth, with transaction activity soaring 10,000% in just one month, according to data from Dune Analytics. This article delves into the fundamentals of x402, exploring its mechanics, features, applications, and the burgeoning ecosystem of related cryptocurrencies.