Chainlink Co-Founder on Crypto State of Affairs: No Major Systemic Risk Yet, On-chain Asset Trend Accelerating

BlockBeats News, February 10th, Chainlink co-founder Sergey Nazarov published a long article on Platform X regarding the current state of the crypto market, expressing that cycles are a normal part of the cryptocurrency industry. The key is that these cycles reveal the industry's level of development and how the trend of the next stage/adoption/value creation will define the industry. Currently, there has been no significant risk management failure leading to the collapse of large institutions or systemic risk propagation. This indicates that the risk management in the crypto industry this time is much better than in the previous cycle.

Sergey Nazarov also stated that regardless of price fluctuations, the trend of real-world asset on-chainization is accelerating continuously. This indicates that the on-chainization of real-world assets is not closely related to cryptocurrency prices but has its unique value. This value can grow independently of the market price of Bitcoin or other crypto assets, and this trend will also fundamentally alter the industry landscape.