Sergey Nazarov, co-founder of blockchain oracle network Chainlink, says the current cryptocurrency bear market is proving the sector’s ability to handle volatility rather than exposing new systemic weaknesses. Based on his argument, no major structural failures such as FTX have occurred, and the expansion of tokenized real-world assets (RWAs) continues at a robust pace.

Nazarov’s comments, shared publicly on social media and in industry press interviews, framed the latest market correction not as a failure, but as evidence that the crypto ecosystem has matured beyond the shocks that defined earlier cycles.

In an X post dated Tuesday, February 10, Nazarov elaborated that although market cycles are inevitable, they serve as…