Web3 Inside and Outside the Walls: The Triple Impact on Chinese Entrepreneurs and SolutionsAuthor: Hu Tao, ChianCatcher
As the cryptocurrency industry becomes increasingly mainstream, Chinese entrepreneurs seem to be drifting further away from the center stage.
Once upon a time, projects founded by Chinese entrepreneurs already occupied half of the industry, including well-known cryptocurrency exchanges such as Binance, OKX, Bybit, Bitget, Gate, HTX, Bitmart, and others. The same is true in mining, with projects like Bitmain, Canaan Creative, and SparkPool holding important positions in the industry. Their commonality is that most were founded around 2017-2018 or even earlier.
Although Zhao Changpeng, Xu Mingxing, Wu Jihan, and Sun Yuchen are still actively engaged at the forefront of the industry, since the DeFi Summer craze in 2020, a general consensus has gradually formed: the visibility and influence of the new generation of Chinese entrepreneurs in the global crypto industry are diminishing.
PANews·2025-12-17 09:08