Odaily Planet Daily reports that Maxime Seiler, CEO of STS Digital, said the current crypto market is experiencing a divergence between price performance and institutional adoption trends—while token prices remain weak, institutional deployment of blockchain technology continues to accelerate.
Maxime Seiler stated at the 2026 Wyoming Blockchain Conference, “From a price perspective, we are still in a crypto winter, but from an institutional development standpoint, we have entered an institutional summer.” He noted that traditional financial institutions are currently focusing more on adopting underlying blockchain technologies rather than making large-scale allocations to crypto assets, which is why the growth in technology adoption has not yet fully reflected in token prices.
Data shows that Bitcoin is currently trading just above $77,000, still approximately 38% below its all-time high of $126,000; Ethereum is around $2,400, down about 52% from its all-time high; and Solana is around $90.93, down approximately 69% from its peak.
Maxime Seiler also noted that the convergence of Bitcoin futures basis reflects the maturation of the crypto market. During the 2021 cycle, the annualized futures basis reached as high as 20%-30%, but it has now gradually approached risk-free interest rate levels, with significantly reduced volatility. He attributes this primarily to the ongoing improvement in channels for USD inflows and outflows into the crypto market, which has lowered market volatility. (The Block)