Chainlink co-founder's 2 reasons this bear market feels different

Chainlink co-founder Sergey Nazarov says the recent crypto market downturn has inadvertently shown "how far the industry has progressed."

Chainlink co-founder Sergey Nazarov argues the recent crypto market downturn is unlike any previous bear market — there have been no major FTX-style collapses, and tokenized real-world asset (RWA) growth remains substantial.

Market cycles are normal, “but what is important is what those cycles reveal about how far the industry has progressed,” said Nazarov on X on Tuesday. 

Crypto market capitalization has fallen 44% from its October all-time high of $4.4 trillion, with almost $2 trillion exiting the space in just four months.  

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