DeInsight 2024 Annual Summit Highlights

Author: ChainCatcher

On November 11, the "DeInsight 2024" annual summit was successfully held at Hotel Nikko Bangkok in Bangkok. This summit was co-hosted by ChainCatcher and RootData, with SoSo Value as a co-organizer. The event lasted a whole day, featuring a schedule composed of keynote speeches, roundtable discussions, cocktail receptions, and exhibition area exchanges, providing a high-quality venue for thousands of Web3 partners to exchange industry insights. Among the hundreds of meetings that began during Thailand's Devcon, the DeInsight annual summit became one of the largest peripheral events in terms of participation.

At the event, Rootdata co-founder Hunter, Ethstorge & QuarkChain founder Qi Zhou, Alliance advisor Will Robinson, Huma finance founder Richard Liu, Gaib co-founder Kony Kwong, Solayer core contributor Kastrye, MegaETH co-founder Shuo Yao, Manta Network co-founder Victor, Metis CEO TOM, and Catizen co-founder Ricky Wong delivered wonderful keynote speeches. Representatives from dozens of well-known Web3 projects and platforms, including Manta Network, io.net, and Hashkey Capital, engaged in roundtable discussions on seven topics: infrastructure, crypto cycles, killer applications, decentralized AI & DePIN, primary and secondary investments, AIGC and the metaverse, and Web3 innovation.

RootData also released the Crypto Influence Annual List RootData List 2024 at the summit, which includes five lists: Top 50 Projects (completed TGE), Top 50 Projects (not yet conducted TGE), Crypto VC Top 50 Investment Institutions, Top 10 Angel Investors, and Top 20 Best CEOs. The aim is to showcase the core forces and trend characteristics of industry development through rigorous data analysis.

Keynote Speeches

The event opened with a speech by Qi Zhou, founder of QuarkChain & EthStorage, titled "Building the World's Supercomputer for the Future of Web3." Qi Zhou stated that the developer network for the world supercomputer project is ready, built on the OP stack, and will utilize parallel EVM to achieve scalability and security for Ethereum L2; the EthStorage testnet based on Ethereum Sepolia has been launched, with costs around 500K Gas.

Will Robinson, director of Alliance, delivered a keynote speech on "Speculation in Web3 as Entertainment." Will stated that crypto speculation is like horse racing, with different statuses at each stage. From the original Ethereum protocol in 2015 to the present, it has gone through the mindset of Coinbase in 2016, the ICO boom in 2017, the industry downturn in 2018-2019, the DeFi development boom in 2020, the rise of NFTs in 2021, the collapse of Terra in 2022, the rise of friend.tech as a social network in 2023, and the popularity of meme coins in 2024. The crypto industry in 2025 will see better user interfaces, more fun, and external attributes potentially becoming trends in crypto speculation.

Richard Liu, co-founder of Huma Finance, stated that more and more consumers are gaining trust in emerging financial tools (such as RWA), and building platforms that support multiple use cases will be key to attracting users and achieving network effects. Huma has merged with Arf to become the first PayFi network focused on financing layers, bringing new growth potential to payment financing. Currently, Huma's payment financing transaction volume has exceeded $2 billion, with a monthly growth rate of 10%, and it has achieved zero credit defaults, with $500 million in new demand waiting to be met each month.

Kony, co-founder and CEO of GAIB, proposed that with the rise of AI technology, the demand for GPUs as core computing resources has surged. GAIB has innovatively launched a blockchain-based economic layer solution that combines GPU assets with DeFi to create yield-bearing assets. Investors can directly access GPU assets, breaking the barriers of traditional indirect investments in stocks. GAIB provides stable cash flow through partnerships with global GPU data centers.

Shu Yao, co-founder of MegaETH, stated that the ultra-low latency of the block network means that all applications can run in real-time, which is extremely important for consumer applications. The extremely low latency will unlock previously unimaginable consumer applications. MegaETH is building a Layer2 solution that integrates ultra-high throughput, ultra-low latency, and EVM compatibility, with the network processing up to 100,000 transactions per second (TPS) and sub-millisecond ultra-low latency, aiming to create the first real-time block network.

Victor, co-founder of Manta Network, stated that Manta Network not only values on-chain data but also pays great attention to on-chain user behavior and use cases, maintaining a position among the top three in the Layer2 market for monthly active users. Data shows that Manta Network's monthly active addresses have surpassed 346,000, with average transaction fees as low as $0.0001 and daily transaction volumes reaching 381,000. By integrating multiple DA solutions such as EigenDA, NEAR DA, 0G, Nubit, and Dill, Manta has significantly enhanced the network's stability and resilience, and is the first Layer2 network to adopt a MultiDA architecture.

Ricky Wong, co-founder of Catizen, announced the CATI token buyback plan, intending to repurchase over 10 million CATI tokens annually. The number of Catizen Mini App users has exceeded 43 million, and users can earn a 10% commission by inviting friends to recharge. Currently, the total rebates from the application center have reached $300,000, with daily rebates exceeding $5,000, forming a positive community economic cycle. The platform aims to promote the growth of CATI token holders and the ecosystem, incentivizing users to participate in the sharing economy.

TOM, CEO of Metis, stated that Metis's recent plans include launching the GOAT.Network mainnet, introducing Fraud Proof and ZK Hybrid technologies, and initiating the MEME Mania program to promote community activities and user participation.

Roundtable Discussions

Daniel.T, co-founder of Semantic Layer, Amos Zhang, founder of MetaWeb.VC, Martinet Lee, head of developer relations at Zircui, Joe, business head for the Asia-Pacific region at Movement, and Nikolay, founder and CEO of Gear Technologies engaged in an in-depth discussion on hot topics such as the development trends of Web3 infrastructure, public chain infrastructure redundancy, and self-built chains in the "Opportunities & Breakthroughs In INFRA" roundtable.

Reffo, founder of Puffpaw, Joe, co-founder of MTT Sports, Jess Lo, co-founder of SoSoValue, Oliver Jaros, researcher at CMT Digital, and Charles Mountain, head of the Ether.fi ecosystem, engaged in an in-depth discussion on the evaluation system for killer applications and key tracks in the "Building Killer Applications" roundtable.

Asa, head of the Asia-Pacific region at io.net, Frank, director of Multiple Network APEC, Cryptobird, partner at Olares, Eliza, market head at Network3, and Anna Kazlauskas, CEO of Open Data Labs and co-founder of vana, conducted an in-depth exploration of the development challenges, incentive models, and future trends of decentralized AI & DePIN in the "New Forces in Decentralized AI & Depin" roundtable.

BMAN, co-founder of ABCDE Capital, Shi Khai Wei, co-founder of LongHash, Ryan Chen, partner at HashKey Capital, Bruce Lan, partner at Bing Ventures, and Momir Amidzic, investment director at IOSG Ventures engaged in an in-depth discussion on hot topics in primary and secondary crypto investment in the "New Cycle in Primary and Secondary Crypto Investment" roundtable.

Suji Yan, founder & CEO of Mask Network, Ling, co-founder of World3, Paulo Carlos, business development head at SendingNetwork, and Christy, COO of Metya engaged in an in-depth exploration of ideal social interactions, AIGC, and other hot topics in the "Social, AIGC and Metaverse" roundtable.

Chen Feng, research head at Autonomys Network, Hongzhou Chen, research head of the CKB ecosystem fund, Jessie, marketing director at LSP Finance, and Leon Li, head of the Asia-Pacific region at Mind Network engaged in an in-depth discussion on the development characteristics of the current crypto cycle and the development trends of crypto after the U.S. elections in the "Identify opportunities in the new cycle of Crypto" roundtable.

AVA, chief business officer of Orbiter Finance, Tina Liu, global market director of Risc zero, Calvin Chu, core developer at Impossible Finance, Maggie, chief operating officer of Zypher Network, and Andy, chief marketing officer of AlterVerse engaged in an in-depth discussion on the dilemmas and breakthroughs of Web3 innovation in the "Insights from Innovators" roundtable.

RootData List 2024 Grand Release

Hunter, co-founder of the Web3 data platform Rootdata, officially announced the RootData List 2024 annual list. This list is the second annual selection launched by RootData following its first release in 2023, aimed at presenting influential and innovative key players in the Web3 field and assessing the key forces that continuously drive industry progress. RootData is committed to showcasing the core forces and trend characteristics of industry development through rigorous data analysis.

The time frame for this list is from October 31, 2023, to October 31, 2024, and it includes five lists: Top 50 Projects (completed TGE), Top 50 Projects (not yet conducted TGE), Crypto VC Top 50 Investment Institutions, Top 10 Angel Investors, and Top 20 Best CEOs.

Related Reading: " RootData: 2024 Web3 Industry Development Research Report and Annual List "

Outside the main venue, many attendees gathered in front of booths from UXLINK, Metya, SIPZ, GEAR, Network3, and others, engaging in lively discussions.

In the evening, a content-rich banquet attracted more attendees, during which Hunter, co-founder of Rootdata, Ankit Bhatia, head of OKX OS products, Andrew Harrison, global marketing director of Gaia, and Rizz J, co-founder of SOEX, delivered speeches.

With the unexpected success of Deinsight 2024, Deinsight will become the most important "super gathering" that RootData will hold annually in the coming year. RootData will continue to enhance the influence of Deinsight, aiming to become the "Super Hub" that connects the crypto investment communities of the East and West.