x402, how’s it going lately? Trading volume has been continuously declining compared to earlier periods. Some popular projects/tokens, like payai, dreams, and ping, are better left ignored for now in terms of price. 2025 will be the year of AI agents/x402, where infrastructure > tokens. Over the past month: ➤ On October 17, Coinbase and Cloudflare jointly launched the x402 Foundation, introducing MCP integration and deferred payment solutions to improve machine-to-machine transaction efficiency. ➤ Venom Foundation, peaq, and other chains integrated x402, driving the standardization of cross-chain agent payments. ➤ In mid-November, a GoPlus audit exposed multiple security vulnerabilities, including over-authorization and unlimited minting risks. The 402bridge incident affected 200+ users, triggering ecosystem alarms. Right now, it’s the infrastructure-building phase: protocol standardization, stablecoin micropayments, privacy/verifiability, etc. The recent surge in ping caused short-term over-speculation, but hey, we need token price spikes to create wealth effects and hype—it’s the only way to attract attention, traffic, and capital. Looking forward to the next hype cycle!