BNB News Today: x402b Bridges Decentralized Payments and Enterprise Compliance, Hits $810M Market Cap

The x402b protocol, an expanded version of Coinbase's open-source web payment standard, has surged in market value, surpassing $800 million in just 24 hours following its launch on the BNB Chain, according to a Crypto.news report. This rapid growth underscores a pivotal shift in Web3 infrastructure as Pieverse, the firm behind the upgrade, introduces features like EIP-3009 gasless payments and auditable on-chain receipts to address enterprise adoption hurdles. The protocol's market cap now exceeds $810 million, fueled by a 366% surge in token values, with key tokens like AInalyst and Capminal rising by 179% and 140.6%, respectively, per that report.

The x402b upgrade, announced on October 26, tackles two critical pain points for BNB Chain users: gasless transactions and compliance-friendly record-keeping, as detailed in the Crypto.news coverage. By wrapping USDT into pieUSD with EIP-3009 support, Pieverse eliminates the need for users to pay gas fees for microtransactions, a barrier to scalable Web3 payments. Additionally, the protocol automates the generation of auditable receipts stored on BNB Greenfield, a decentralized data layer, ensuring businesses meet accounting and regulatory requirements, the same report notes. These enhancements position x402b as a bridge between decentralized infrastructure and enterprise-grade compliance, a gap previously unaddressed in HTTP-based crypto payments.

The launch coincides with a broader uptick in BNB Chain's ecosystem activity. Daily active addresses (DAAs) on BNB surged to 2.4 million in September 2025, outpacing Ethereum's 3 million DAAs during the same period, according to a Seeking Alpha analysis. While Ethereum maintains a larger total value locked (TVL) at 62.9% of the market, BNB's velocity of money—driven by $11.1 million in stablecoin active addresses—suggests stronger user engagement, the article adds. This momentum aligns with Pieverse's strategic timing, as the protocol processes over 500,000 transactions weekly, a 10,780% increase from prior weeks, per the Crypto.news coverage.

Regulatory developments further bolster the ecosystem. The UK's Financial Conduct Authority (FCA) has approved 45% of crypto firms under its anti-money laundering regime, signaling a more accommodating environment for innovation, according to a Yahoo Finance report. Meanwhile, iDenfy's new AML screening platform, integrating real-time sanctions and PEP checks, highlights the industry's push toward automated compliance, as described in iDenfy's announcement. These advancements reduce friction for businesses adopting protocols like x402b, which require robust governance frameworks for institutional trust.

Pieverse plans to release the full x402b protocol specification, smart contracts, and reference implementations in the coming weeks, the Crypto.news report says. This transparency aims to set a new standard for web-based crypto payments, potentially drawing more developers and enterprises into the BNB Chain ecosystem. With $225.4 million in 24-hour trading volume already recorded, that coverage suggests the protocol's success could catalyze further innovation in decentralized finance (DeFi) and cross-chain interoperability.