2025 Hong Kong Web3 Festival Kicks Off with a Grand Opening: Highlights of Day One
Yesterday, the 2025 Hong Kong Web3 Festival officially launched its first day at the Hong Kong Convention and Exhibition Centre, marking an unprecedented spectacle. Co-hosted by Wanxiang Blockchain Labs and HashKey Group, and organized by W3ME, this premier annual event in the Web3 space began on April 6, 2025, and will run until April 9.

Spanning four days, the festival is expected to attract over 50,000 global attendees, bringing together more than 300 prominent speakers, 150 promising Web3 projects, communities, and media outlets. It offers a comprehensive showcase of the cutting-edge developments and future trends in the Web3 ecosystem.

So, what were the standout moments from yesterday?

GMGN: Staking 60 Million SOL to Support Public Chain Development, Gen Z Fuels Meme Coin Craze, On-Chain Transactions in Just 0.58 Seconds

Haze, co-founder of GMGN, revealed that GMGN has earned approximately $60 million in SOL through transaction fee revenue, all of which has been staked without any sales, positioning it as a “public chain builder.” He also noted that around 65% of meme coin traders are from Gen Z, a group of non-traditional investors who prefer high-risk, high-reward opportunities and are attuned to rapid shifts in social signals and market trends. GMGN’s transactions on the Solana chain now achieve an on-chain speed of just 0.58 seconds.

Xiao Feng: Public Chains, the Cornerstone of Reshaping Next-Generation Financial Infrastructure

Dr. Xiao Feng, Chairman of Wanxiang Blockchain and Chairman and CEO of HashKey Group, delivered a keynote speech titled Public Chains: The Next-Generation Financial Infrastructure. From a financial perspective, he dissected the disruptive potential of blockchain’s distributed ledger technology. He divided financial infrastructure into systems and markets, explaining that public chains—through distributed accounting, digital wallets, and cryptocurrencies—revolutionize traditional financial record-keeping, account systems, and monetary units. As the foundation of a new financial market infrastructure, public chains enable a globally transparent ledger, transaction-by-transaction settlement, and disintermediation. They support next-generation payment and settlement systems, asset issuance, and trading platforms, while even driving democratization in currency creation and innovations in wealth distribution. Dr. Xiao emphasized that crypto finance will serve as a core pillar of the Fourth Industrial Revolution (digitalization/intelligence), starkly contrasting with traditional centralized finance and fostering an efficient, low-risk new financial ecosystem.

OKX: Learning to Lead Innovation Responsibly
Hong, President of OKX, stated that the success of the OKX Web3 wallet today stems from at least 3 to 5 years of effort, time, and technical groundwork, with security, interoperability, and usability being the top priorities. OKX isn’t chasing short-term dominance in a specific market or focusing on profits for a particular month or year. Instead, its goal is to act as a long-term participant, building infrastructure and contributing positively to the industry while creating a better future.

In addition to these speakers, numerous other outstanding project teams and presenters shared remarkable insights during the first day’s events.

We’ll continue to provide updates in subsequent reports—stay tuned for firsthand coverage of the next three days of the 2025 Hong Kong Web3 Festival!

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