Cardano Price Surges on x402 Integration and Lace Wallet Upgrade
Cardano's price surged by 5.7% to $0.2455 in a single day, with its market capitalization reaching $9.188 billion and a 20.5% weekly gain.
This sudden jump can be attributed to three significant events that took place within hours of each other: the integration of Cardano into the official x402 SDK, the release of Lace Wallet version 2.3, and an audit by AlphaGrowth that highlighted areas for improvement in Cardano's DeFi setup.
The x402 integration allows developers to build apps and AI agents that can pay or receive ADA using a simple HTTP request, eliminating the need for account or API keys. This move is seen as a significant step forward for Cardano, particularly in its bid to become a leading platform for artificial intelligence payments.