I little interesting. I had long known that @ XLayerOfficial would join the chaotic battle of MEME pairing tokenized stock narratives, and I also expected that OKX would subsidize RWA MEME like they did during the World Cup to promote prediction activities. However, what I never expected was that the first wave of popularity for Xlayer was not a battle for the leading position in Laungchpad, but a @ starlinkcatmeme star chain cat that combines SPCX (stocks) and star chain receivers (cats)? Let's talk about our opinions: 1) I have analyzed X Layer multiple times in previous articles, and found that the compliant stablecoin USDG has the largest market share (around 57%). Its layout time and volume are even earlier and larger than Robinhood Chain. By integrating XStocks to tokenize stocks, the scale and quantity of tokenized US stocks and ETFs on X Layer are basically in place, coupled with the well-known OKX Wallet wallet entrance. The focus narrative of this wave of MEME pairing with cryptocurrency stocks has no undeniable reason for X Layer; 2) How can we argue? If the focus is on the launch pad leader just like the RH chain or ARC chain, it will definitely suffer losses. Because the launch pad battle has become a standard benchmark for major chains in MEME's coin pairing narrative, they all want to run their own Dragon Pons, but the launch pad threshold is low, the mechanisms are basically the same, and they are more focused on ecological scale and sustained traffic. Objectively speaking, this is clearly not yet the time for Xlayer, which still relies on subsidies. Having a MEME similar to Marscoin or Basecat would be a better path. 3) So, Starlink has arrived. What stocks are paired with it? NVDA has become the preferred choice for RH chains, while SPCX, which is directly related to Star Chain, has become the preferred choice. At this point, the embryonic form of MEME for the Star Chain "Cat" has been developed. The interesting point is here. The Starlink cat on X Layer is not really a pure cat like Basecat. It borrowed the meme that Musk used to interact with cats lying on pots (Starlink receivers) to keep warm, so it is a practical MEME that has found the RWA paradigm. In addition to trading taxes to buy stocks and distribute dividends, it also retains a concept of "charity", where a portion of Starlink dividends controlled by community funds will donate Starlink terminals to people in areas with network gaps, including Zimbabwe, Africa, Southeast Asia, disaster areas, etc., as needed. This is really a practical cat 。 However, we still need to remind everyone that in the early stages of the popularity of new narratives, major chains will definitely do their best to compete for attention and liquidity, so hype far outweighs substance. It's just about whose story is more touching and whose meme can last longer. The real certainty still depends on platforms like Pons that have been tested by the market for cash flow repurchases. When playing MEME, one must be alert to volatility risks.