If xDOG can log in to the X Layer ecosystem, the activity level of this chain could double.

Look at the tactics of leading exchanges—combining derivatives and spot trading has been proven effective. Later entrants simply copy this combination, progressing from product innovation to ecological incentives layer by layer.

The reality is harsh: products that truly ignite popularity can attract a wave of attention, but less than half will persist; those that follow the trend halfway through may only have a week or two of hype; by the time the public hears about it, the wave has basically cooled down. The innovation race among exchanges ultimately boils down to抢 market window periods.