Vitalik: Low-risk DeFi could become the core revenue engine of Ethereum, analogous to Google's search business model

ChainCatcher news, Vitalik published a long article on social media stating that the Ethereum community has long faced a contradiction between application revenue and ecological goals: high-revenue applications (such as NFTs and Memecoins) are often disconnected from fundamental 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 income for Ethereum. Such applications support the economic ecosystem through high transaction fees and ETH collateral demand, while also aligning with the values of global inclusive finance, avoiding the ethical issues of data monopolies in traditional advertising models.

Vitalik stated that the current tightening of regulatory environments and improvements in protocol security create development conditions for low-risk DeFi. Its future may evolve towards non-fully 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.