We discovered that ultrafast cyclopolymerization of 1,6-heptadiyne derivatives reached completion in 1 min using a third-generation Grubbs catalyst. After optimization, this superior catalyst selectively produced conjugated polymers having a five-membered-ring structure with excellent molecular weight control and narrow polydispersity index (PDI). This living polymerization allowed us to prepare fully conjugated diblock copolymers with narrow PDIs. Lastly, this catalyst was active enough to polymerize macromonomers with G-3 dendrons in a living manner as well. This dendronized polymer with a highly regioregular polymer backbone and bulky dendrons was visualized by atomic force microscopy, which revealed the structure of a single molecular wire surrounded by insulating dendrons.