Core Insights - Solana currently holds approximately 49.7% of the x402 transaction share, a significant decline from a peak of over 88% earlier this month, primarily due to intensified competition from Polygon [1] - The total number of x402 transactions across all chains has exceeded 120 million, with Solana contributing over 45 million transactions and a total payment amount exceeding 41 million USD, of which Solana accounts for approximately 16.4 million USD [1] - Weekly data indicates that Solana's x402 transaction volume has dropped over 90% from a high of about 6.8 million transactions in December 2025 to less than 510,000 transactions in the week of February 9 [1]

Core Insights - The forum "Taihu World Cultural Forum · Qiantang Dialogue" was held on November 13 in Hangzhou, focusing on the impact of AI on the financial industry [1] - Jiang Yonghui, Vice President of Hengsheng Electronics, stated that AI will not change the essence of finance but will reshape processes and enhance data application effectiveness [3][5] AI Applications in Finance - Hengsheng Electronics is focusing on AI applications in various core business scenarios, including intelligent investment research, operational efficiency enhancement, compliance risk empowerment, wealth management advisory assistance, investment banking assistance, and app application [3][4] - The company has launched an intelligent agent platform and established the Hengsheng Research Institute to explore cutting-edge technologies and co-create applications with financial institutions [5][6] X402 Protocol and Micro-Payments - Jiang discussed the X402 protocol, which utilizes encryption and blockchain technology to facilitate automated micro-payments between AI agents, addressing small payment and settlement needs [3][7] - The micro-payment solution based on blockchain can establish a trustworthy mechanism for AI interactions, potentially serving as a foundational infrastructure for future AI development [7][8] Future of AI in Finance - The expectation for demand-side capabilities is increasing as AI technology evolves, with micro-payments allowing for on-demand pricing based on token consumption [8] - The transition from PC internet to mobile internet has significantly changed technology and service forms, and AI is expected to bring similar transformations [9]