Binance Co-CEO Richard Teng Affirms Real-World Applications of Blockchain
Binance Co-CEO Richard Teng stated that blockchain is addressing real-world problems and praised builders for creating meaningful impacts using this technology.
Teng emphasized that blockchain technology has transitioned from concept to practical application, helping multiple industries solve pain points and encouraging global developers to continue building.
Funds from institutional and retail investors are accelerating into blockchain infrastructure and application projects, with increased trading volume and TVL in the crypto ecosystem. The Binance platform and compliant blockchain projects are benefiting, while traditional centralized financial intermediaries and high-friction industries are under pressure.
Source: Public Information
ABAB AI Insight
Richard Teng has publicly promoted the practical applications of blockchain since joining Binance as CEO in 2024. Previously, he emphasized compliance and real-world adoption at industry conferences in 2025. This statement continues Binance's transition from a trading platform to an ecosystem builder, echoing similar sentiments expressed during CZ's leadership to promote industry narratives.
In terms of capital pathways, Binance mobilizes resources to support blockchain projects through Launchpool, incubators, and investment funds. Teng's public affirmation directly guides user and developer traffic, with strategic motives to enhance platform stickiness and solidify industry leadership in a regulatory environment, directing funds towards compliant DeFi, payment, and supply chain solutions.
Similar to how Circle and Ripple address cross-border payment pain points with stablecoins, or Solana's practical applications in high-frequency DeFi, the blockchain industry is in the mid-to-late stage of transitioning from speculative hype to real-world integration, with significant control by large exchanges.
Essentially, this represents a restructuring of the industry chain: blockchain technology shifts trust and settlement mechanisms from traditional intermediaries to distributed networks, where smart contracts and transparent ledgers reduce friction costs, forcing capital to flow from high-cost centralized systems to efficient on-chain applications, accelerating the concentration of pricing power among underlying protocols and compliant platform holders.
ABAB News · Cognitive Law
When technology addresses real pain points, the narrative shifts from concept to traffic, and the speed of adoption determines success or failure. The more affirmatively exchange executives endorse practical applications, the faster capital transitions from speculation to long-term infrastructure. The earlier blockchain enters the real world, the later traditional intermediaries realize they have become historical costs.