On February 26, Dragonfly investor GM shared some thoughts on the development of blockchain at the Denver event. He mentioned that the performance requirements of block space are elastic, and capacity expansion is still a topic that the industry continues to pay attention to, and the launch of EVM in the future is exciting. In addition, he pointed out that functionally differentiated block space is another important direction, such as native interoperability, more complex operations (such as ML precompilation), and the exploration of functional specific chains. He also mentioned that geographically dominated front-ends are on the rise. Currently, there are significant differences in popular memecoin trading tools in places such as Asia and the United States, and the potential of localized front-ends is underestimated. At the same time, he re-examined the design beauty of Bitcoin, especially the dynamics of miner competition, which is missing in modern PoS networks. At the application level, he mentioned that a new wave of applications based on mental shares and social metrics is emerging, such as Kaito unlocking new battlefields. In addition, venture capital financing and the possibility of reintroducing the crowdfunding model were also mentioned.