On February 26, Dragonfly investor GM shared some thoughts on the development of blockchain at a Denver event. He mentioned that the performance requirements of block space are elastic, and capacity expansion is still the topic of continuous attention of the industry, and the launch of EVMs in the future is exciting. In addition, he pointed out that functionally differentiated block spaces are another important direction, such as native interoperability, more complex operations (such as ML precompilation), and the exploration of feature-specific chains. He also mentioned that the geographically dominant front-end is rising, and the current popular memecoin trading tools in Asia and the United States are significantly different, and the potential of localized front-end is underestimated. At the same time, he reexamines the beauty of Bitcoin’s design, especially the dynamics of miner competition, which is relatively lacking in modern PoS networks. At the application level, he mentioned that a new wave of applications based on mental share and social indicators is emerging, such as Kaito unlocks a brand new battlefield. In addition, it also mentioned the possibility of venture capital financing and reintroduction of crowdfunding models.