Crypto Market Thrives Despite Bear Market: Builders Build Faster Than Ever!

• The crypto market has seen significant changes since Christmas 2021, with price of Bitcoin, Ethereum, and others changing drastically.
• During this bear market, builders have been building faster than ever before, showing the industry’s maturity.
• Ben Lilly, co-founder at Jarvis Labs, discussed the current state of the market, why the bear market should be used as a time for building, and why the nascent class has matured.

The crypto industry has seen great changes since the euphoria of Christmas 2021. What was once a market of great promise and potential has shifted to one of perpetual fear, with price of Bitcoin, Ethereum, and other cryptocurrencies changing drastically. However, despite the current market conditions, there is hope for the future of the industry.

Ben Lilly, co-founder at Jarvis Labs, the on-chain analytics and token design firm tracking the crypto market, has offered his insights on the industry’s current state. When asked about the differences between Christmas 2021 and today, he stated that aside from the changes in price, nothing has fundamentally changed. Instead, he believes that in the current bear market, builders are working faster than ever before, showing the industry’s maturity. He believes that this is a blessing to those that can weather such bearish times.

Lilly also discussed why the bear market should be seen as a time for building. Despite the downturn, crypto projects have seen great progress, with more developers working on projects than ever before. He believes that this is a great opportunity for those in the industry, as it allows for projects to be built out faster and with greater precision than ever before.

Finally, Lilly discussed why the nascent class has matured. He believes that the industry is now more resilient, with projects having stronger fundamentals and better understanding of the technology. This has allowed for the industry to become more reliable and efficient, with projects having more potential and longevity than ever before.

In conclusion, while the crypto market has seen significant changes since Christmas 2021, the industry is still very much alive and well. Despite the current bear market, builders have been working faster than ever before, proving the industry’s maturity. Furthermore, projects have seen great progress, with more developers working on projects than ever before, allowing for projects to be built out faster and with greater precision. Finally, the industry has become more resilient, with projects having stronger fundamentals and better understanding of the technology, providing more potential and longevity than ever before.