Chainlink Co-Founder Discusses the Current State of Cryptocurrency: No Major Systemic Risks Have Emerged, and the Trend of Asset On-Chain Is Accelerating

BlockBeats News, February 10 — Chainlink co-founder Sergey Nazarov posted a lengthy article on the X platform regarding the current state of the crypto market. He stated that cycles are a normal part of the cryptocurrency industry, and what’s important is that these cycles reveal the industry’s level of development, as well as how the next phase, adoption, and value creation trends will define the industry. Currently, there have been no major risk management failures leading to large institutions’ collapse or systemic risk spreading. This indicates that the crypto industry’s risk management this time is much better than in the previous cycle.

Sergey Nazarov also mentioned that regardless of price fluctuations, the trend of bringing real-world assets on-chain continues to accelerate, which shows that the on-chain of real-world assets is not closely tied to cryptocurrency prices but has its own unique value. This value can grow independently of Bitcoin or other crypto asset market prices, and this trend will also fundamentally change the industry landscape.