The structure of X layer chains is pretty clear now. The leader of pure Meme coins is XDOG, with a peak market cap reaching $50M. The leader of dividend Meme coins is DOGSHIT, also with a peak market cap of $50M. Each type of coin has its pros and cons. The advantage of pure Meme coins is that they can get listed on CEXs without any issues, but the downside is that the on-chain liquidity pools are shallow, making it difficult for large funds to move in and out. On the other hand, the advantage of dividend Meme coins is that they have large on-chain liquidity pools, which are favorable for large fund movements. However, the downside is that it’s technically challenging to continue distributing dividends to holders after listing on CEXs. If I were the boss of OKX, from the perspective of locking in and consuming more OKB, I’d prefer dividend coins. Plus, dividend coins are more beneficial for promoting the adoption of the OKX wallet. But currently, most people in the crypto space can’t accept dividend coins yet. This is because all the major Meme coins in the past were pure Meme coins. They developed on-chain to a certain market cap and then got listed on CEXs to complete their final dance. This has created a path dependency for most people, making it hard for them to accept dividend coins for now. Subconsciously, they might even think dividend coins are a pyramid scheme . In any case, the two legs of X layer are still quite balanced for now. Let’s see which leg crosses the $100M market cap milestone first! @star_okx