TL;DR:
- Sergey Nazarov, co-founder of Chainlink, states that the market is shifting from retail speculation to institutional fundamental utility.
- The integration of the Solana Virtual Machine (SVM) on Bitcoin aims to resolve the liquidity inertia of “digital gold.”
- The Bitcoin Hyper project has raised over $31 million, signaling strong demand for scalability solutions.
The cryptocurrency sector is undergoing a historic transition from speculative frenzies toward a cycle defined by institutional integration. In this context, the utility of Bitcoin in DeFi has become the center of the debate, as investors seek protocols that offer real value beyond simple price variation.
Cycles are a normal part of the crypto industry, what is important is what those cycles reveal about how far the industry has progressed and what next stage/trends of adoption/value creation will go on to define the industry.
— Sergey Nazarov (@SergeyNazarov) February 9, 2026
So far this cycle reveals two key things for me:…
Sergey Nazarov pointed out that cross-chain connectivity and Real World Assets (RWA) are creating a “Global Internet of Contracts.” However, for this ecosystem to function, it is necessary to unlock Bitcoin’s dormant capital, which has traditionally been limited by its slow speed and lack of native smart contracts.
Therefore, the industry is seeing a shift toward infrastructures capable of handling high volumes of financial data without sacrificing security. This evolution is fundamental for the traditional banking sector to finally sync with blockchain infrastructure and mobilize trillions of dollars in digital value.

Layer 2 Solutions and SVM Technology on the Bitcoin Network
To bridge the programmability gap, innovative proposals like Bitcoin Hyper ($HYPER) have emerged, integrating the Solana Virtual Machine directly as a Layer 2. This modular architecture allows transactions to be settled on the Bitcoin mainnet while the secondary layer manages execution at lightning speeds.
Thanks to this implementation, developers can port decentralized applications from Solana to a Bitcoin-native environment without needing to rebuild code from scratch. Consequently, Bitcoin ceases to be passive, transforming into the programmable fuel for a much more robust financial ecosystem.
In summary, “smart money” flows and multimillion-dollar presales confirm that the market is betting on infrastructures that release Bitcoin’s liquidity. The success of this new cycle will depend on the ability of these protocols to convert latent capital into a productive tool for the global economy.


