Odaily Planet Daily reported that Sheldon Xia, founder of BitMart, published a long article, deeply analyzing the recent market conditions and analyzing the strategic significance of LayerFi and the future development path of on-chain finance, and announced the latest developments of the platform.

Sheldon noted that on-chain computing has matured, and decentralized storage is expected to become a new core module of blockchain over the next five years. Furthermore, a larger asset class, surpassing RWA, will come from the social production data generated by on-chain human social behavior. This trend will profoundly transform the Web 3 ecosystem. He emphasized that LayerFi, with its hybrid architecture of "regulatory compliance and trusted technology," will dominate Web 3 development over the next five years.

In terms of technology, BitMart is developing a high-performance Layer 1 public blockchain, providing users and institutions with high-performance and efficient on-chain infrastructure. Regarding products, BitMart Card is now open for application. Regarding market expansion, BitMart's US site is expected to launch in October, legally providing digital asset trading services in all 49 states, marking another significant advancement in BitMart's global market presence.