Coinbase has conducted an evaluation of the x402 protocol, focusing on its technical aspects such as average transaction fee, settlement finality time, refundability, and throughput (TPS). The x402 protocol is designed as a payment system rather than an asset-issuance platform. Despite the recent surge in so-called "x402 assets," which are largely driven by meme culture, Coinbase advises caution, suggesting these assets may not hold long-term value.