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Chainlink CEO Says On-Chain RWAs Are Reshaping Crypto Market Structure

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21Shares Introduces JitoSOL ETP to Offer Staking Rewards via Solana

TLDR:

  • On-chain RWAs continue expanding despite crypto price swings, showing independence from speculative market cycles.
  • Institutional data providers now supply pricing and reserve data to support tokenized asset markets.
  • Blockchain connectivity systems are becoming essential for linking financial infrastructure with on-chain trading.
  • Orchestration tools now manage cross-chain workflows, data feeds, and privacy for complex RWA applications.

 

The current crypto market cycle is revealing signs of structural change rather than financial stress. Industry data shows fewer systemic failures compared with previous downturns. 

At the same time, real-world assets are steadily moving onto blockchains. These developments suggest a shift in how value forms across digital markets.

On-chain RWAs reshape crypto market structure

Recent commentary from Chainlink co-founder Sergey Nazarov highlighted the absence of major institutional collapses during recent price drawdowns. He contrasted this with past cycles that saw large failures among centralized lenders and exchanges. 

According to Nazarov, the industry now shows stronger risk controls and infrastructure resilience.

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He also pointed to continued growth in on-chain RWAs despite volatile crypto prices. Tokenized commodities and financial instruments have expanded across decentralized platforms. This trend indicates that RWA adoption operates independently from short-term crypto market movements.

Data feeds and proof mechanisms now support on-chain trading for assets such as silver and tokenized funds. 

Nazarov noted that on-chain perpetual markets for traditional commodities rival activity seen in permissioned financial venues. These markets rely on transparent pricing and continuous settlement.

The shift has attracted attention from established data providers. 

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Chainlink confirmed integrations with institutions, including S&P and ICE, to support pricing and reserve verification for RWAs. These integrations aim to standardize how off-chain financial data enters blockchain systems.

Infrastructure demand grows with institutional adoption of on-chain RWAs

Nazarov identified connectivity as a central requirement for scaling RWA markets. 

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Blockchain networks must link with accounting systems, payment rails, and risk management platforms. Chainlink’s interoperability tools have been selected by several Web3 security teams due to their operational track record.

He also emphasized orchestration as a technical layer coordinating multiple systems in one transaction flow. This includes cross-chain operations, off-chain data feeds, and automated settlement processes. 

Chainlink’s Runtime Environment currently supports these workflows for enterprise applications.

Privacy features are also becoming critical for advanced RWA use cases. Nazarov stated that new orchestration tools aim to combine data transparency with confidential execution. These features target institutions that require regulatory compliance and internal controls.

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According to Nazarov’s assessment, on-chain RWAs may eventually exceed cryptocurrencies in total on-chain value. 

He described this shift as a transition from speculative markets to functional financial infrastructure. The growth of tokenized assets would still support crypto liquidity by bringing more capital onto blockchains.

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Crypto World

Bitcoin Breaks 5-Month Losing Streak With $68K March Close: What’s Next?

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Cryptocurrencies, Bitcoin Price, Markets, BTC Markets, Price Analysis, Market Analysis

Bitcoin (BTC) closed March in green, ending the longest monthly losing streak since 2018. Data suggests that the coming months may prove to be profitable for BTC.

Key takeaways:

  • Bitcoin ended March 2% higher, marking the first green monthly close in six months.

  • A similar streak in 2018/2019 led to an over 316% BTC price rebound over five months.

  • Bitcoin price faces stiff resistance at $70,000-$72,000, where key trend lines converge.

Past multi-month downtrends were followed by 300% price gains

Historical price data from CoinGlass confirms Bitcoin printed its first green monthly candle in six months, closing March 2% higher after five straight months of losses.

“This is a massive dose of hopium,” analyst Ash Crypto said in an X post on Wednesday.

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The analyst was referring to a possible shift in momentum, which might lead to a sustained recovery, as seen in previous cycles.

Related: Crypto Fear & Greed Index stuck on ‘extreme fear,’ but is there a silver lining?

The last time this happened was in 2018/2019 when BTC closed February 2019 in green, after six consecutive red months, as shown in the figure below.

This led to a reversal with over 300% returns the following five months, as Bitcoin recovered from the 2018 bear market.

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“Last time BTC dumped 6 months in a row, it pumped the following 5 months in a row that came after!” trader Satoshi Flipper said in a Wednesday post on X.

Cryptocurrencies, Bitcoin Price, Markets, BTC Markets, Price Analysis, Market Analysis
Bitcoin monthly percentage returns. Source: CoinGlass

If history repeats itself, the reversal may continue in April, suggesting that BTC price may have bottomed at $60,000.

Bitcoin’s bullish monthly close is a ”catalyst for fresh inflows into early April,” Trader Caleb said, adding:

“April starts with momentum.”

Bitcoin has a well-established tendency for significant price swings in April.

Since 2013, April has been a green month for eight of the past 13 years, with average returns of about 12.2%

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However, Bitcoin also tends to move in the opposite direction to March in April, and this is true for nine out of the past 13 years. 

In recent years, Bitcoin dropped in April after closing March in green, three out of four times between 2021 and 2024. 

Therefore, while the end of past multi-month drawdowns suggests a rebound is due, data demonstrates that BTC price could also slide in April.

Watch these Bitcoin price levels next

Data from TradingView shows BTC price up 2.5% on the day to trade at $68,470 as the $69,000-$70,000 resistance remains in place.

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Analysts expect Bitcoin’s range-bound price action to continue for longer, with important price levels to look for in case of a breakout. 

These include the $70,000-$72,000 supply zone, coinciding with the 50-day simple moving average (SMA), the 50-day exponential moving average (EMA) and the 1w–1m cohort cost basis

This is also where investors acquired approximately 650,000 BTC, marking a potential point of sell pressure, according to the cost-basis distribution data from Glassnode.

Breaking above this level could see BTC/USD revisit the $76,000 range high and eventually the $80,000 psychological level.

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BTC/USD daily chart. Source: Cointelegraph/TradingView

Zooming out, trader Sheldon Diedericks said Bitcoin could “push into resistance” at $83,000 on the monthly time frame, a key support level from April 2025. The 200-day EMA is also close to this area.

BTC/USD monthly chart. Source: X/Sheldon Diedericks

On the downside, the 200-week EMA at $68,300 and the 200-week SMA at $59,400 remain key levels to watch. Below that, the next major level is Bitcoin’s realized price around $54,000.

As Cointelegraph reported, Bitcoin’s bear market bottom could be formed once BTC price drops toward or below its realized price.