According to @ai_9684xtpa, OKX DEX is offering a 20% referral rebate accessible via the invite link web3.okx.com/ul/joindex?ref…, as stated in the X post: https://twitter.com/ai_9684xtpa/status/1959850134516424951. The post says the initiative combines X Layer, DEX fees, and a rebate mechanism and frames it as a challenge to competing platforms, source: https://twitter.com/ai_9684xtpa/status/1959850134516424951. For traders, the post indicates a 20% fee rebate would lower effective trading costs on OKX DEX versus baseline fees, source: https://twitter.com/ai_9684xtpa/status/1959850134516424951.

According to @ai_9684xtpa, OKB’s on-chain price on the Ethereum mainnet spiked as high as $342 amid extremely thin liquidity and concentrated control, with only $253,000 of OKB liquidity available on ETH at the time, source: @ai_9684xtpa on X, Aug 21, 2025. The source reports that most tokens were either burned or migrated to X Layer and there is no cross-chain support between ETH and X Layer, constraining arbitrage and depth on ETH, source: @ai_9684xtpa on X, Aug 21, 2025. Between 20:46 and 21:08, six addresses bought a total of 138.44 OKB, which was sufficient to push the on-chain price to that peak, source: @ai_9684xtpa on X, Aug 21, 2025. For traders, this indicates that OKB on ETH can register outsized moves on small order flow under these conditions, elevating slippage and reference price risk when trading on-chain, source: @ai_9684xtpa on X, Aug 21, 2025.

According to @ai_9684xtpa, the combination of OKB burn and OKB as native gas is driving heightened traction for X Layer, signaling active on-chain participation and fee demand trends (source: @ai_9684xtpa on X, Aug 16, 2025). According to @ai_9684xtpa, community channels frequently share X Layer meme-coin trading guides, and the current market-cap leaderboard shows XDOG in first place at $5.4 million, highlighting where liquidity and attention are concentrating on the network (source: @ai_9684xtpa on X, Aug 16, 2025). According to @ai_9684xtpa, the longer-term positioning of the chain remains unclear, and the listed token metrics are for reference only, not investment advice (source: @ai_9684xtpa on X, Aug 16, 2025).

According to @ai_9684xtpa, the key trading question is whether OKB will function as X Layer gas or remain positioned as an OKX exchange token, as this determines its valuation framework and peer comps. Source: @ai_9684xtpa. According to @ai_9684xtpa, a cited announcement states the removal of mint and burn functions for OKB, prompting concerns that exchange-revenue-funded buybacks could end. Source: @ai_9684xtpa. If buybacks cease as implied by the cited notice, @ai_9684xtpa notes OKB would be valued more like a public chain gas token, making X Layer transaction counts, active addresses, and gas fee trends the primary demand indicators traders should monitor. Source: @ai_9684xtpa. If the buyback model continues, @ai_9684xtpa’s framing implies the traditional exchange-token valuation persists, so traders should track OKX trading volumes, fee income disclosures, and any official buyback statements for inferred buy-side pressure. Source: @ai_9684xtpa. The immediate catalyst is an official OKX clarification on OKB’s utility and buyback policy; traders should monitor OKX announcements and adjust positions once confirmed. Source: @ai_9684xtpa; Source: OKX official announcements.