Vitalik's lengthy discussion on Ethereum's development: Low-risk DeFi becomes the core source of income

[Coin World] It is reported that Vitalik published a long article on social media stating that the Ethereum community has long faced a conflict between application revenue and ecological goals: high-revenue applications (such as NFT, Memecoin) are often disconnected from foundational value goals, while non-financial applications, although aligned with the vision, struggle to support a $500 billion economic scale.

Vitalik pointed out that low-risk DeFi (payments, savings, synthetic assets, and over-collateralized lending) can be compared to Google's search business, becoming a core source of revenue for Ethereum. Such applications not only support the economic ecosystem through high transaction fees and ETH collateral demand but also align with the values of global inclusive finance, avoiding the ethical issues of data monopolization in traditional advertising models.

Vitalik stated that the current tightening of regulatory environments and the improvement of protocol security create development conditions for low-risk DeFi. Its future may evolve towards directions such as under-collateralized lending, prediction market hedging, and diversified stable value assets (such as a basket of currencies and inflation-linked tokens), forming a synergistic effect with Ethereum's experimental applications.