Vitalik Faces Criticism Over DeFi Comments

Vitalik Faces Backlash for Downplaying DeFi's Role in Ethereum's Growth

Ethereum co-founder Vitalik Buterin stirred controversy by expressing doubts about the potential of decentralized finance (DeFi) to drive significant growth in the crypto sector. In an August 25 post, Buterin stated that the ongoing existence of the DeFi market depends largely on the Ethereum (ETH) market. He suggested that while DeFi has merit, it cannot be the sole catalyst for a massive increase in cryptocurrency adoption.