Opinion: The crypto ecosystem proved during the crash that the market is operating as intended in an experimental manner

Neha Narula, a digital currency expert at the Massachusetts Institute of Technology, said there was no need to panic about the cryptocurrency sell-off last weekend, as it proved that the market was operating in an experimental manner as expected. She said that although the market crashed sharply, the system was operating normally and there was no need to rescue anyone or for the market to roll back. Although the downturn has caused losses to investors' accounts, its impact on different sectors of the cryptocurrency market is worth paying attention to, especially the obvious difference in performance between on-chain and centralized exchanges. Narula believes that the performance of the cryptocurrency market is a valuable learning opportunity. As a scholar, she hopes that the market can pay more attention to user needs and actual application scenarios and reduce speculative behavior. Of course, she also admitted that the market is "extremely experimental", which provides learning space for dealing with unexpected events. She said: "The cryptocurrency field is still like the Wild West, and we are still groping forward."