High-speed rail arrives at Hong Kong West Kowloon, and not far from the exit, a counter displays the presence of a certain well-known exchange. In the exchange sector, the scale and trading volume vary greatly among different players, which is nothing new.

What’s truly interesting is in the dimension of public blockchains. No matter how much TPS other chains stack up or how many users they attract, they actually have little say in the real implementation of crypto applications in Asia. However, this particular chain, with its solid technical foundation and regional advantages, is gradually becoming a key infrastructure in the local ecosystem. This difference is not in inflated numbers but in real-world application scenarios.