Gate founder Dr. Han: The crypto market has entered a new stage of "CEX and DEX dual-engine development"

Dr. Han, founder and CEO of Gate, delivered a keynote speech at the WebX 2025 Summit in Tokyo, systematically expounding on the critical role of centralized exchanges (CEXs) and decentralized exchanges (DEXs) in driving the mass adoption of Web 3. Dr. Han noted that the long-term trend of user growth, the dual-track evolution of market structure, and the trade-offs between security and compliance are collectively shaping a new landscape where "CEXs serve as global capital gateways and DEXs serve as engines of on-chain finance and innovation." Dr. Han cited data showing that crypto users worldwide have reached nearly 700 million, representing 10% of the global population, and that the total crypto market capitalization has reached $3.02 trillion, officially making it the world's fourth-largest asset. He predicted that by 2030, crypto assets are expected to reach $41.8 trillion, second only to gold. In terms of trading volume, DEXs already account for 23% of spot trading volume, and the locked-in value of CEXs and DEXs is nearly equal. However, security and compliance remain key challenges, with 59% of hacking attacks occurring on DEXs and Web 3 platforms. Gate has obtained licenses in multiple jurisdictions and acquired a licensed exchange in Japan, continuously strengthening its global compliance strategy. Dr. Han stated that the future of Web 3 isn't determined by whether DEX replaces CEX, but rather by how the two complement each other. He reiterated his firm belief in the prospects of Web 3: "The next generation of financial order will be built on-chain, and the widespread adoption of Web 3 is not a choice but an inevitability."