Community Town Hall

The competition in the South Korean stablecoin market is intensifying: multiple participants are vying for the leading position. Before taking office, South Korean President Lee Jae-myung's campaign program clearly proposed supporting innovative measures like "local currency-linked stablecoin" to curb wealth outflow and enhance the competitiveness of the national digital financial ecosystem. After Lee Jae-myung's government came to power, South Korea's cryptocurrency industry became active: eight major commercial banks prepared to launch a joint project for the Korean won stablecoin, and traditional tech giants along with Web3 companies also made their moves, aiming to seize the initiative in the increasingly fierce regional and even global stablecoin competition. At the same time, Congress is reviewing the "Basic Law on Digital Assets" to provide a legal basis for private institutions to issue Korean Won stablecoins, and financial regulatory authorities are also accelerating the establishment of operational norms in line with international standards. The second half of 2025 to the first half of 2026 may be a "explosive" growth window for the Korean stablecoin market. This article systematically organizes and deeply analyzes the main aspects of the Korean stablecoin market.

Kaia: A new blockchain ecosystem created by Asian social media giants. 1. Overview of Kaia's Background 1.1 Project Introduction 1.1.1 Establishment and Development History On January 16, 2024, Asia's two leading blockchain platforms, Klaytn and Finschia, announced the launch of a unified mainnet. This is a very unusual project in the Web3 ecosystem, especially considering that these two mainnets originate from Korea and Japan's two major internet giants, Kakao and LINE. On August 29, 2024, the merged Kaia mainnet officially went live. By combining their respective ecosystems and assets, Kakao and LINE plan to create a giant blockchain in Asia and gradually lead the global Web3 market. The chairman of the Kaia Foundation is Sam Seo, who has been deeply involved in Bitcoin and Blockchain since 2017, and

"South Korea Ethereum" Kaia Ecological Evolution Record: On-chain Growth Paradigm Centered on Mini Dapp 1. Overview of the Kaia Blockchain Ecosystem 1.1 Predecessor and Team Background Kaia is the new ecosystem formed after the merger of Klaytn and Finschia. Klaytn was launched by Ground X, a subsidiary of the Kakao Group, in June 2019, with early governance alliances including well-known Korean companies such as LG Electronics, Celltrion, and Netmarble. Finschia was originally launched by LINE in August 2018, and in April 2023, a foundation was established in Abu Dhabi. In January 2024, the two chains proposed a merger, and by the end of August 2024, Kaia's mainnet will be officially launched.

1. Market Overview 1.1 Fundamentals of the Cryptocurrency Market The total market capitalization of the cryptocurrency market in 2024 increased from $2.31 trillion to $3.33 trillion, a growth rate of 44.2%. This is mainly attributed to the approval of spot Bitcoin ETFs and favorable factors such as Trump's victory in the election. Bitcoin's dominance rose to 56.8%, primarily due to institutional investors' enthusiasm for Bitcoin ETFs. Despite the launch of the Ethereum ETF, its performance has been relatively flat. Solana performed remarkably well, with SOL price increasing by 29.3% and a net inflow of $2 billion into its ecosystem. The DeFi market share continues to expand, with the total locked value doubling. The DEX/CEX trading volume ratio has increased to 11.05%, with an annual trading volume reaching $2.67 trillion. Solana and Base in DeFi

Abstract Chain Panorama Analysis: How to Build a Public Chain Ecosystem for End Users? Summary Abstract Chain will be launched in January 2025, dedicated to being a user-centric blockchain that promotes the large-scale adoption of cryptographic technology and builds a platform that is easy to access and highly participatory. Abstract Chain brings a comfortable user experience through original account abstraction, leveraging the established fan base of Pudgy Penguins and $PENGU to provide differentiated value through its unique user architecture. The growth strategy of Abstract revolves around creating a digital entertainment theme park: having a dedicated portal platform, integrating live streaming and reward systems, and attracting application developers to join the ecosystem. The live streaming platform has attracted over 10,000 hosts, with users participating for an average of more than 7 hours daily.