Chainlink announced on Thursday that Folks Finance has integrated Chainlink CCIP to facilitate cross-chain lending across Avalanche, Base, and Ethereum networks. This development aims to enhance interoperability and liquidity in the decentralized finance (DeFi) sector. However, despite such advancements, the market outlook remains bleak. Regulatory uncertainties and increasing scrutiny from global authorities continue to cast a shadow over the industry. Additionally, the volatility of cryptocurrency prices and the potential for further market corrections contribute to a pessimistic view of the sector's near-term prospects.