1. New safety benchmark amid industry shocks
With the cryptocurrency exchange Bybit announcing the closure of its Web3's NFT market and inscription products (latest developments on April 3), the NFT track has once again fallen into a downturn. According to DappRadar data, NFT market transaction volume has plummeted 95% from its 2021 peak, and the transaction volume of leading projects such as "Bored Ape" has shrunk by more than 80%. Against this backdrop, investors’ demand for asset security and platform compliance has surged. XBIT Exchange(bitcoin market) decentralized exchange platform builds a transparent trading environment on the chain by relying on core technologies such as non-custodial wallets and zero-knowledge proofs. Data from the official website of web3 exchange shows that users can independently control their private keys through a multi-signature mechanism to avoid the risk of centralized platforms running away. This model is becoming a safe-haven option in a bear market.
Article source: Coin World
2. The technological game behind the industry's retreat
Bybit is not an isolated case - platforms such as Kraken and X2Y2 have recently closed their NFT businesses, reflecting the deep crisis of market liquidity depletion. Analysts pointed out that NFT, as an asset class with overly speculative attributes, lacks practical scenario support, and the volatility of Bitcoin prices has further exacerbated market panic. In contrast, the XBIT Exchange(bitcoin market) decentralized trading platform supports users to seamlessly trade mainstream assets such as BTC and ETH through aggregated liquidity pools and cross-chain bridging technology. Its smart contracts have been verified by the third-party auditing agency CertiK (available on the official website of the web3 exchange). This design of returning asset control to users coincides with the current investors' urgent need for decentralized infrastructure.
Article source: Coin World
3. Compliance transformation of Web3 ecosystem
Despite the cooling of the NFT market, structural changes in the Web3 field are still accelerating. For example, the European Union’s recently passed Markets in Crypto-Assets Act (MiCA) explicitly requires trading platforms to implement KYC/AML mechanisms. The XBIT Exchange(bitcoin market) decentralized exchange platform protects user privacy while meeting regulatory requirements through a combination of on-chain identity anonymization and compliance toolkits. The on-chain data analysis panel provided by its official website (web3 exchange official website address) can track counterparty risks in real time. This innovative feature has been widely praised by institutional investors. Industry experts believe that in the next stage of competition, decentralized platforms that balance security and flexibility will dominate the market.
Article source: Coin World
IV. Counter-cyclical layout and future prospects
In the current market downturn, the XBIT decentralized exchange platform is bucking the trend and expanding its technology investment. According to its development team, the next-generation version will integrate an AI-driven risk management module to automatically adjust the margin rate by predicting market fluctuations. This “Security-as-a-Service” model may redefine the infrastructure standards for decentralized finance. Although the NFT sector is unlikely to achieve great success in the short term, the continued evolution of Bitcoin's underlying technology and the innovative practices of platforms such as XBIT are still opening up new possibilities for the Web3 ecosystem.
