Let's talk about the current situation of the x402 track and provide a brief commentary for reference: 1) The phrase "leading role" was originally thought to need quotation marks around "leading role," but looking back, it’s actually "leading role" that deserves the quotes. PING has attracted tremendous attention, igniting the track but failing to showcase the kingly dominance; it’s a matter of timing and fate, and it’s not even close to the initial GOAT phase, especially since we are currently in a liquidity drought. The name PAYAI has played a significant role, and the Facilitator indeed has a major impact in the technical architecture of x402, but the overall technical threshold of the x402 track is not high, so most people are still in a speculative mindset focused on trading MEME. Therefore, regarding the current track, I tend to think it’s still too early to discuss "leading one and leading two"; at least it’s not stable yet, but fortunately, the enthusiasm for the track has not waned, waiting for the next turning point. 2) Many people complain that CEX is not supporting the x402 track. Yes, I also want to know why. But the fact is, the reversal of on-chain innovative business models has shifted from providing value targets for exchanges to an awkward situation of vying for CEX's attention. This has always been the fundamental motivation for my calls for on-chain innovation; once on-chain innovation is passive, more innovations will be stifled. However, we can also see hints of the exchanges' layouts. The suggestions I wrote to @star_okx seem to have been taken into account based on @XLayerOfficial's recent actions. Additionally, OKX's launch of Virtuals also expresses their stance; they need to find certainty amid chaos. So, I expect that many "regular troops" in the x402 track will receive olive branches from OKX. Interestingly, @Bybit_Official has also reacted particularly quickly, quietly launching PAYAI's Alpha when PING was on fire, and @Mantle_Official is also making a series of layouts related to the x402 track. This indicates that CEX is not completely indifferent; the rise of the x402 track is an opportunity for them to break the unequal competition among peers and a key point for pulling the industry back from the internal strife of MEME speculation to the main narrative of technology. Cautiously stating that if taken seriously, it can be seen as a positive sign. 3) Many pessimistic voices compare the x402 track to the initial craze of inscriptions and the later AI Agent trend, believing that the excitement is only temporary and will ultimately lead to a mess. I agree that there is a bubble, and many projects will inevitably fail, but I am optimistic about the long-term value of this matter, a point I have analyzed many times in previous articles. In summary, inscriptions are a game of asset issuance carved on gold, while the current attention of x402 is still on AI Pay infrastructure services, with the Launchpad still in the early stages and not purely operational logic. As for the AI Agent craze, I believe the heat of the x402 track is a continuation of the previous AI Agent wave, transforming from meaningless scenarios where AI Agents only chat to AI Agents participating in payments. This transformation is significant and is at least difficult to disprove. In conclusion, don’t lose heart. To summarize in one sentence: the x402 track currently lacks a true mainline momentum, but I believe many Dev teams are preparing new innovative products, gameplay, and mechanisms... CEX is also quietly loading their bullets... Be patient while maintaining confidence, and let the bullets fly a little longer. ...