Gate founder Dr. Han: Competition in the crypto industry is never fair; the key lies in seizing the "Matthew Effect" advantage.

CoinWorld News reports that during the Web3 event “Web3 Dialogues @ HKU - Academia x Industry” held at the University of Hong Kong, Gate founder and CEO Dr. Han stated that the essence of the crypto industry is not fair competition, but the “Matthew Effect” that continuously amplifies around first-mover advantages. Once a leading position is established, platforms will form a self-reinforcing cycle through liquidity, users, and brand effects, thereby continuously widening the gap. Dr. Han reviewed each critical window in the industry, noting that these opportunities are extremely short-lived, from the 2017 ICOs, 2020 DeFi Summer, to derivatives and Meme tracks. The true winners are often a small number of participants who position themselves early in controversy and act quickly, rather than followers who wait for consensus to form before entering. Gate was able to develop to its current scale because it seized key opportunities along the way. Dr. Han emphasized that in the new stage of accelerated integration of Web3 and AI, the market favors actors with independent judgment and quick decision-making abilities. He advised that blindly following rules is not the way; using one’s own judgment to seize opportunities is key to establishing long-term advantages in the new cycle.