Dr. Han Lin of Gate.io highlights the evolution of the blockchain industry, emphasizing the early stages of its revolutionary potential at ABS2024.
Points
- Dr. Han Lin discusses the remarkable progress and future potential of blockchain technology.
- The industry is becoming more mature and stable with growing adoption and regulatory recognition.
- Dr. Han emphasizes the importance of community-driven launches and the evolution of tokens.
- The market cap and user base of cryptocurrency have grown significantly over the years.
Dr. Han Lin, CEO of Gate.io, delivered an insightful speech at ABS2024, discussing the current state and future potential of blockchain and Web3 technologies. He highlighted the industry’s remarkable progress, noting that governments and regulatory bodies are increasingly recognizing the importance of blockchain and creating supportive environments for its growth.
Dr. Han outlined the evolution of the crypto industry across seven distinct areas: The Launch, The Tokens/Coins, The Exchanges/Trading Platforms, Trading Volume, Market Cap, The Chains, and The Users. He emphasized the shift towards community-driven launches, where projects rely on strong community support and viral marketing to gain traction. This shift indicates a maturing market, prioritizing community participation.
The launch methods have evolved from ICOs to IEOs and IDOs, reflecting a move towards more decentralized and community-focused approaches. Dr. Han noted the increasing popularity of stablecoins, DeFi, GameFi, and memecoins over the years, highlighting the dramatic increase in the number of tokens launched annually.
Trading platforms have also evolved, with decentralized exchanges （DEXs） gaining market share, though centralized exchanges （CEXs） still dominate in terms of volume. Dr. Han cautioned investors about the liquidity of smaller coins and advised focusing on top coins with higher trading volumes.
The market cap of cryptocurrencies, particularly BTC and ETH, has seen substantial growth. Dr. Han predicted that Bitcoin’s market cap could surpass Facebook’s in the next few years. He stressed the importance of adapting to market changes and maintaining a balanced portfolio with both established and emerging projects.
Dr. Han concluded by stating that, despite the progress, blockchain technology is still in its early stages. He urged industry leaders and newcomers to continue pushing boundaries and exploring the vast possibilities of blockchain technology.
解説
- ICO （Initial Coin Offering）: A fundraising method where new cryptocurrencies sell their tokens to raise capital.
- IEO （Initial Exchange Offering）: A fundraising method where new cryptocurrencies are sold through an exchange.
- IDO （Initial DEX Offering）: A fundraising method where new cryptocurrencies are launched directly on decentralized exchanges.
- DeFi （Decentralized Finance）: Financial services using blockchain technology to eliminate intermediaries.
- GameFi: A sector combining gaming with decentralized finance, offering financial incentives for gameplay.