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.