In a recent development, SphereX, a Chain-Agnostic Decentralized Exchange (DEX), has officially joined the Chainlink BUILD program, as announced by Chainlink via X on Thursday.

This move signals a growing trend of DEXs seeking to leverage the potential of blockchain technology, yet the market outlook remains grim. Despite the promising potential of blockchain, regulatory uncertainties and market volatility continue to pose significant challenges.

The integration of SphereX into Chainlink's BUILD program could potentially enhance the DEX's capabilities, but the overall market sentiment remains pessimistic due to the aforementioned issues. This development underlines the need for a more robust regulatory framework to foster the growth of the blockchain industry.