BNB News Update: x402b Connects Decentralized Transactions with Corporate Compliance, Reaches $810 Million Market Value

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BNB News Update: x402b Connects Decentralized Transactions with Corporate Compliance, Reaches $810 Million Market Value

Bitget-RWA2025/10/29 12:14

By:Bitget-RWA

- 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

BNB

Chain, as reported by

a Crypto.news report

. This swift ascent highlights a significant evolution in Web3 infrastructure, with Pieverse—the company responsible for the upgrade—rolling out features such as EIP-3009 gasless transactions and verifiable on-chain receipts to overcome barriers to enterprise adoption. The protocol’s market value has now climbed past $810 million, propelled by a 366% jump in token prices. Notably, tokens like AInalyst and Capminal have surged by 179% and 140.6%, respectively, according to the same report.

BNB News Update: x402b Connects Decentralized Transactions with Corporate Compliance, Reaches $810 Million Market Value image 0

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

USDT

into pieUSD with EIP-3009 integration, Pieverse removes the requirement for users to pay gas fees on small payments, making Web3 transactions more scalable. The protocol also streamlines the creation of verifiable receipts, which are stored on BNB Greenfield—a decentralized data platform—helping businesses satisfy accounting and regulatory standards, the report adds. These improvements establish x402b as a crucial link between decentralized technology and enterprise-level compliance, addressing a gap left by previous HTTP-based crypto payment solutions.

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

a Seeking Alpha analysis

. Although

Ethereum

still holds a greater share of total value locked (TVL) at 62.9% of the market, BNB’s transaction velocity—driven by $11.1 million in active stablecoin addresses—points to higher user activity, the analysis notes. This trend coincides with Pieverse’s launch, as the protocol now handles over 500,000 transactions each week, marking a 10,780% increase from earlier periods, as reported by Crypto.news.

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

a Yahoo Finance report

. At the same time, iDenfy’s new AML screening solution—which incorporates real-time sanctions and PEP checks—demonstrates the sector’s move toward automated compliance, as detailed in

iDenfy's announcement

. These developments make it easier for companies to adopt protocols like x402b, which demand strong governance for institutional confidence.

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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