at the fireside chat of Consensus Hong Kong 2026, Solana Foundation Chair Lily Liu, together with the host and Consensus Chair Michael Lau, elaborated in detail on her vision of the "Internet Capital Market."

Liu emphasized that the true power of blockchain lies in finance and markets, rather than utopian universal technology. She envisions tokenizing all global assets on-chain, enabling seamless access from everyday payments to high-frequency trading, and creating a unified global capital formation market.

Liu reviewed the evolution of financing in the crypto market, from early ICOs to modern rapid financing, believing that this scalable infrastructure should empower global non-crypto projects and companies. She stressed that the democratization of talent and capital formation is the core social impact brought by crypto, which remains rare in most traditional markets.

Liu highlighted Asia's key position in the crypto market, calling it the "core market" rather than a frontier market because Bitcoin originated there and it has a large user and talent base. She advocated for revenue-oriented metrics over governance tokens, emphasizing that real network and application usage can bring sustainable value accumulation to holders, thereby achieving long-term autonomy and opportunities.