Hong Kong Expert: Ethereum Applications Entering New Phase, DeFi to Boost Startup Financing

Key PointsEthereum (ETH) may be entering a new stage of application development, per Hong Kong experts.Unlike Bitcoin, Ethereum evolves via technical standards set by the Ethereum Foundation.DeFi can provide innovative financing channels for Hong Kong startups, entrepreneurs, and artists.According to TechFlow, Li Kaixiang, member of the Hong Kong Cyberport Creative Micro Fund Enterprise Development Advisory Group, said Ethereum applications are poised to enter a new phase of growth.Li noted that unlike Bitcoin’s fixed structure, Ethereum benefits from adaptable technical standards maintained by the Ethereum Foundation, allowing it to evolve with market needs.He emphasized that Ethereum’s ecosystem—particularly decentralized finance (DeFi)—can serve as a new source of capital for Hong Kong entrepreneurs and artists, offering innovative financing models outside of traditional banking.