BNB News Update: x402b Connects Decentralized Transactions with Corporate Compliance, Reaches $810 Million Market Value
- x402b protocol, an upgraded web3 payment standard by Pieverse, surged to $810M market cap in 24 hours on BNB Chain. - Protocol introduces gasless EIP-3009 transactions and auditable receipts via BNB Greenfield, addressing enterprise adoption barriers. - BNB Chain's DAAs reached 2.4M in Sept 2025, outpacing Ethereum's 3M, while Pieverse processes 500K+ weekly transactions. - UK FCA's 45% crypto AML approval and iDenfy's compliance tools reinforce regulatory readiness for protocols like x402b. - Pieverse p
The x402b protocol, an enhanced iteration of Coinbase’s open-source web payment framework, has experienced a dramatic rise in market capitalization, exceeding $800 million within its first day after debuting on the
Announced on October 26, the x402b upgrade addresses two major challenges for BNB Chain participants: enabling gas-free transactions and providing compliance-ready record-keeping, as outlined in the Crypto.news article. By converting
The rollout comes amid a broader surge in activity across the BNB Chain ecosystem. In September 2025, daily active addresses (DAAs) on BNB reached 2.4 million, surpassing Ethereum’s 3 million DAAs for the same timeframe, according to
Recent regulatory shifts are also strengthening the ecosystem. The UK’s Financial Conduct Authority (FCA) has granted approval to 45% of crypto businesses under its anti-money laundering framework, suggesting a more supportive climate for innovation, according to
Pieverse intends to publish the complete x402b protocol specification, smart contracts, and sample implementations in the near future, according to the Crypto.news report. By making these resources available, Pieverse aims to establish a new benchmark for web-based crypto payments, potentially attracting more developers and enterprises to the BNB Chain network. With $225.4 million in trading volume recorded over 24 hours, the report suggests that the protocol’s momentum could drive further advances in decentralized finance (DeFi) and cross-chain compatibility.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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