TechFlow news — Delphi Digital researcher Pondering Durian shared his view yesterday, suggesting that the biggest arbitrage opportunity in the cryptocurrency space over the next three years may lie in Western capital effectively accessing Chinese project resources. He pointed out that crypto adoption is primarily a story of emerging markets, not developed ones. Durian emphasized that what the industry needs is users, not further technological innovation. He noted that Chinese developers have extensive experience in mobile consumer applications, particularly in super apps, live streaming, and frictionless payments.
Given China's current macroeconomic pressures, tightened regulations, and inherent advantages in traditional industries, approximately 15 to 20 million Chinese internet professionals might be seeking new directions.
Folius Ventures estimates that even at a conservative conversion rate, 20,000 to 30,000 high-caliber talents could enter the Web3 space—more than double the total number of monthly active developers listed in Electric Capital's 2023 Developer Report.
Durian believes that if one believes crypto's ultimate value will be driven by applications, then an increasing number of Chinese consumer internet entrepreneurs, constrained in their domestic market, may represent an undervalued sandbox. He predicts that although they currently receive little attention, this situation will change.
