The Dawn of Large-Scale Adoption of New Technologies: The Crypto Industry Welcomes Five Favourable Information

The widespread adoption of new technologies takes a long time. It took 78 years for American cars to reach a 92% penetration rate, 48 years for household electricity to achieve full coverage, and 26 years for the internet to cover 88% of the population. Although the speed of new technology adoption is accelerating, blockchain and cryptocurrencies, despite being well-known, have not yet been truly utilized by the majority of people.

The reasons for this phenomenon are mainly five:

1. Institutional funds are limited in their entry channels.
2. The entry channels for ordinary users are not smooth.
3. Lack of investment targets that meet the needs of the public
4. Most developers find it difficult to enter the industry
5. The infrastructure cannot support large-scale applications

However, some positive signals have emerged in the current bear market, which are expected to accelerate the large-scale adoption of Crypto.

1. Bitcoin Spot ETF: Institutional Capital Entry Channel is About to Open

Although the U.S. Securities and Exchange Commission ( SEC ) has recently extended the review period for Bitcoin spot ETF applications, the industry remains optimistic about the approval prospects. The CEO of a well-known cryptocurrency company revealed that, according to internal information, the approval of the Bitcoin spot ETF may just be a matter of time, expected to be achieved within 4 to 6 months.

The listing of a Bitcoin spot ETF will significantly simplify the process of investing in Bitcoin. Considering that the U.S. stock market is predominantly led by institutions, with institutional investors such as mutual funds accounting for 55%, the launch of a Bitcoin spot ETF will pave the way for large-scale institutional capital to enter.

According to an institution's estimate, the current assets under management related to Bitcoin investment products (, such as Bitcoin trusts and futures ETFs, have reached 28.8 billion USD. It is speculated that the approval of a Bitcoin spot ETF may bring about an additional demand of approximately 30 billion USD.

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2. A major payment giant launches stablecoins: A channel for ordinary users to enter opens

A globally renowned payment company recently launched a US dollar stablecoin on the Ethereum network, which can be used for transfers and payments. The company operates in 202 countries and regions, supports 24 currencies, and has over 400 million monthly active users. It is the first major fintech giant to embrace digital currency payments on a large scale.

This stablecoin is backed by 100% dollar deposits, short-term U.S. Treasury bonds, and similar cash equivalents. Users can use this stablecoin for peer-to-peer payments, merchant payments, and exchanges with other cryptocurrencies.

The company's vision is to become a bridge between fiat currency and Web3, promoting the mainstream adoption of stablecoin payment systems. With its large user base, this initiative is expected to bring tens of millions of new users to the Crypto industry.

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3. RWA Boom: The Entry Point for Traditional Institutions into Crypto

In the past six months, real-world assets )RWA( have become a hot topic in the market. Proponents believe that RWA will introduce real-world assets and yields, significantly increasing the asset scale of Crypto. Although there are challenges in the tokenization and settlement of off-chain assets, there are already some innovative solutions based on collateral, staking, and arbitrage.

Opponents are concerned that most RWA projects still rely on centralized compliance and auditing, which is inconsistent with the decentralized spirit of Crypto. However, considering that traditional institutions are seeking to enter the Crypto space, RWA may become their preferred entry point.

Just like a certain payment giant entered the crypto market with a USD stablecoin, in the future, there may be more RWA projects that offer "low-risk" returns. This cycle may require traditional institutions some time to achieve self-reform through blockchain and crypto technology.

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4. Multi-language Supported Blockchain: Attracting Web2 Developers

At present, the development of Web3 programming languages presents two trends: one is to explore new languages for specific application scenarios ) such as zero-knowledge proofs, formal verification, and (; The second is to develop a blockchain platform that supports multiple programming languages.

The latter is expected to attract a large number of Web2 developers into the Web3 field. Currently, there are only hundreds of thousands of Web3 developers, while there are more than ten million Web2 developers. Blockchain platforms that support multiple programming languages will significantly lower the entry barrier for Web2 developers, helping to create a more prosperous ecosystem.

5. Infrastructure is Becoming Increasingly Perfected: Large-scale Application is Just Around the Corner

In 2017, Ethereum founder Vitalik Buterin pointed out that technological barriers are the main factors hindering the large-scale application of blockchain, among which scalability is the most critical.

As of today, the Ethereum ecosystem has developed a prosperous Layer 2 scaling matrix, including multiple well-known projects that show significant improvements in performance compared to the Ethereum mainnet. In addition, the modular blockchain field is also experiencing rapid development, with multiple projects expected to support large-scale blockchain applications.

Overall, compared to previous cycles, the current development of Crypto infrastructure has made significant progress, creating favourable conditions for the birth of large-scale blockchain applications.

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