Binance CEO: Blockchain and Web3 technology disruption cycle is accelerating

Richard Teng, CEO of Binance, published an article titled "Incumbents and Insurgents in the Era of Blockchain Innovation", in which he pointed out that the number of Binance users exceeding 200 million is an important milestone in the history of innovation. Blockchain and Web3 are developing at an unprecedented rate, and the technological disruption cycle is accelerating. Bitcoin, launched in 2009, laid the foundation for a new asset class and attracted global mainstream attention in less than a decade. It took a very short time from the emergence of the technology to the widespread deployment of accessible consumer applications based on it. Currently, millions of people around the world use digital assets to efficiently transfer value online, participate in decentralized financial (DeFi) activities, and benefit from various smart contract-supported functions, from digital art to decentralized autonomous applications.