On February 26th, Dragonfly investor GM shared some thoughts on the development of blockchain at the Denver event. He mentioned that the performance requirements of the blockchain space are elastic, while scaling is still a topic of continuous attention in the industry, and the launch of EVM in the future is expected. In addition, he pointed out that the functionally differentiated blockchain space is another important direction, such as native interoperability, more complex operations (such as ML pre-compilation), and the exploration of function-specific chains. He also mentioned the rise of geographically-dominated frontend, with significant differences in popular memecoin trading tools in places like Asia and the US, and underestimated potential for localized frontend. At the same time, he re-examined the beauty of Bitcoin's design, especially the dynamics of miner competition, which is missing in modern PoS networks. At the application level, he mentioned the emergence of a new wave of apps based on mental shares and social metrics, such as Kaito unlocking a new battlefield. In addition, he also mentioned the possibility of venture capital financing and the reintroduction of crowdfunding models.