x402 ecosystem has a market cap of $700 million, while Bankr processes $10.6 billion in tokens monthly, and OpenClaw became OpenRouter's largest single application within 60 days. Agent outputs now account for 50%+ of platform traffic.

Chainlink commands a $7 billion valuation through its oracle services, while x402 handles agent authentication and coordination. Either Circle Gateway absorbs everything and the valuation crashes to $200 million, or the market recognizes that infrastructure is severely undervalued and reprices 3-4x higher.
There's a 90-day window before OpenAI's native track goes live.