Regarding Layer3's $XAI, let me briefly talk about my views.
At present, the TPS on the Xai chain has reached 104, ranking first among Ethereum Layer2 and Layer3. I have explained this phenomenon in my previous post. In addition, on July 9, $XAI will unlock about 200 million tokens (accounting for 71% of the current circulation), which will be a super-large unlocking event. From the perspective of conspiracy theory, are these two events related? Will Xai manipulate data to make the price growth appear more reasonable? Everything is still unknown. However, I have included $XAI in my watch list, and I will intervene immediately if there is an unusual change in price.
I have always been optimistic about $DEGEN, but the price performance is very rubbish. So, I won't go into details here.
In short, the price of Layer3 Token tokens mainly depends on catalysts and narratives. There are not many real users (here refers to $DEGEN, $DMT and $WINR), and the short-term is greater than the long-term.
