PANews reported on April 23 that at the "Web3 Dialogues @ HKU - Academia x Industry" Web3 exchange event hosted by the University of Hong Kong, Dr. Han, founder and CEO of Gate, delivered a keynote speech on the "Matthew Effect," sharing his judgment on the competitive logic of the crypto market based on 13 years of industry experience. He pointed out that the essence of competition in the crypto industry is an asymmetric game of resources and time; "fair competition" does not exist, and starting point and information gap jointly shape the industry landscape.

Dr. Han argues that the real key lies not in eliminating unfairness, but in establishing and reinforcing the Matthew effect as early as possible. He cites Gate's early development as an example: by being the first to invest in long-tail assets and rapidly accumulating trading volume, it achieved user scale and liquidity accumulation with limited resources, creating a continuously reinforcing network effect. He points out that each cycle in the crypto industry, from ICOs and DeFi to derivatives and meme assets, is essentially a short-cycle, uncertain window of opportunity for competition. Leaders often complete their deployments during periods of divergence, rather than entering after consensus has been reached.

Furthermore, with the accelerated development of AI technology, the decision-making window in industries is being further compressed, placing higher demands on the platform's execution efficiency and resource allocation capabilities. Against this backdrop, the ability to continuously adjust course amidst fluctuations and maintain growth resilience will become a key capability for navigating economic cycles.