Founders Talk EP7 | Two key factors that enable the cryptocurrency industry to unleash the 'flywheel effect' In this episode, we invited @ jayendraejog, co-founder of @ Sei_Labs, to explore how to build a blockchain infrastructure that can truly support financial markets. Jay shared his personal experience during the GameStop incident at Robinhood, which made him deeply aware of the structural problems in the traditional financial system and ultimately led him to devote himself to building Sei. We also discussed why most blockchains are difficult to support real trading systems, why institutions prioritize user scale, liquidity, and distribution capabilities when it comes to blockchain, and the two key factors driving the flywheel effect in the cryptocurrency industry. Finally, we also talked about how to persist in building in a bear market and the most important opportunities for the next stage of the cryptocurrency industry: on chain finance and AI agents. ✨ Highlights of this issue: How the GameStop incident exposed structural flaws in the traditional financial system Why most blockchains cannot support real financial markets Two key factors driving the flywheel effect in the cryptocurrency industry The next important opportunity: on chain finance and AI agents ️ Timeline: 00:00 Opening 01:26 GameStop Storm: Traditional Financial System 'Failed' 03:24 Sei's original intention: to build "Internet native" financial infrastructure 03:38 The huge gap between on chain and off chain: the original intention of building parallel EVM 06:00 Key points of institutional blockchain: users and distribution 06:38 Encryption opens up the "flywheel effect" with 2 key points: more profitable paths and more interesting applications 07:19 encrypted entry, have you ever regretted it? 08:07 Bull Market Entrepreneurship vs. Bear Market Entrepreneurship: The Difference is Significant 12: 46 Sei's Future Plan: Bottom Level L1, Institutional Adoption, and Killer Applications 13: 47 How to Survive a Bear Market 14: The biggest misunderstanding of Sei in the 48 market 15: 35. Two major opportunities in the future: financial applications and AI