From Cyclical Correction to Structural Shift: Dr. Han’s Vision of “Moving Everything On-Chain” at Hong Kong Web3 Carnival

Dateline: HONG KONG – April 21, 2026

As part of the Gate 13th Anniversary Live events during Hong Kong Web3 Carnival, Dr. Han, Founder and CEO of Gate, took the stage to deliver a pivotal keynote titled “Move Everything On-Chain.” In front of a captivated audience, Dr. Han moved beyond market speculation to outline a fundamental re-architecture of global finance.

Here are the key insights from his address:

1. The Widening Structural Divergence

Dr. Han began by acknowledging the current market reality: the crypto market is undergoing a cyclical correction. However, he contrasted this with the sustained strength of traditional finance (TradFi). Rather than converging, he argued, the structural divergence between the two systems is widening—creating both a challenge and an unprecedented opportunity for blockchain builders.

2. Blockchain as Core Financial Infrastructure

According to Dr. Han, the industry has outgrown its nascent phase. “Blockchain is no longer just a tool,” he stated. “It is becoming the core infrastructure of finance.” This shift implies that distributed ledger technology will soon underpin everything from settlements and clearing to asset issuance and identity verification.

3. The New Binary Divide

Perhaps the most provocative claim was the redefinition of the battlefield. Dr. Han declared that the future divide is no longer "crypto vs. traditional." Instead, the sole relevant distinction will be: whether assets are on-chain. Off-chain assets, regardless of their origin, risk becoming illiquid and obsolete in a digitally native economy.

4. The Trilemma Solution: CEX + DEX + TradFi

To bridge this gap, Dr. Han proposed a unified liquidity architecture. He called for the deep integration of Centralized Exchanges (CEX) and Decentralized Exchanges (DEX), coupled with stronger connectivity to traditional finance. This three-pronged approach, he argued, will unlock:

· Stronger liquidity across fragmented markets.
· Greater asset accessibility for retail and institutional users alike.
· More efficient value transfer globally.

The Takeaway

The message from the Gate 13th Anniversary stage was clear: The industry must stop reacting to price cycles and start building for the on-chain future. As Dr. Han concluded, the conversation happening at Hong Kong Web3 Carnival is not about a niche asset class—it is about the future of all finance.