According to ChainCatcher, Richard Teng, CEO of Binance, published an article titled "Incumbents and Disruptors in the Era of Blockchain Innovation", which pointed out that Binance's user base 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 a variety of smart contract-supported functions, from digital art to decentralized autonomous applications.