I stayed in Seoul for 5 days this time, so here are my impressions—the trend feels like it has shifted a bit.
Chatting with my friends, everyone’s unanimous feeling is that at this KBW main conference, there are lots of people in suits and ties. Most of the booths are doing RWA. In the crypto world, mainstream DeFi and NFTs are becoming increasingly less common.
Ticket 699 US dollars—it's really expensive. We’d rather go to the side event: good food and fun. Let’s leave the main venue to the crowd in suits.
For this Solana Summit Korea, we prioritized inviting institutions such as banks, asset management firms, and securities companies, strictly controlled the number of attendees, and required everyone to wear formal attire. Among the attendees are also Korean lawmakers—it's a very high-spec event.
Many thanks to @steffstar95 for issuing the media ticket. I experienced the energy of the SOL Foundation on-site and saw the direction of the future
At first, seeing crypto people wearing suits and swapping business cards with traditional finance guys so politely—I wasn’t used to it
We wear T-shirts and step in flip-flops, and talk about the dream of decentralization
Today the big brother leading the way is SOL—why did the wind direction change?
🔹In the crypto world, ordinary people want to turn the tide and rise again; the smart ones are positioning for the future
As teacher @Vegahao said, when crypto has gotten to where it is today, most of the narratives everyone can imagine are basically exhausted
What other crypto-coin innovations can you come up with? It’s all gone. But over in traditional finance, the market for US stocks, bonds, and the like has too much water
If they leak just 1% over here, it becomes a trillion-dollar scale of funds on-chain—the driving capital needed for the next bull market is very likely to come from traditional financial institutions!
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Today I’m back home from South Korea. I checked the DefiLlama data: as of Oct 3, in the past 30 days, the application revenue on Solana was about $145 million, crushing Ethereum, HYPE, and RonbinHood
In the whole ecosystem, the 3 companies that pump for the dog—Pump, StonkFun, and Fomo—account for 60% of total revenue
Solana’s earning power is number one in the world—but if everyone doesn’t dog-pump and doesn’t trade frequently, what will drive the next wave of growth?
✅ I figured it out: RWA isn’t abandoning DeFi—it’s about finding a future for the crypto space
Blockchain technology truly crushes the crappy systems of traditional banks and securities firms
Tokenizing stocks, funds, and bonds isn’t just adding a few more coins to trade and some...
What’s abnormal is that traditional finance customers use blockchain for lending and trading!
Galaxy tokenized stocks are integrated with Kamino
Orca provides liquidity for stock settlement
Doublezero improves network speed and security
The old canal wasn’t built in vain—it allows more aircraft carriers to come in
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🔸Wearing a suit won’t bring a bull market, but the next bull market will definitely come from RWA
This trip to Seoul, I have no regrets, because I saw the direction of Alpha
The future hundred-bagger coins will definitely come from this track
A promising future
