Vitalik Buterin has faced criticism for his recent comments regarding decentralized finance (DeFi) and its impact on the Ethereum ecosystem. He expressed skepticism about DeFi’s potential to drive significant growth in the crypto sector, suggesting that it relies heavily on the existing Ethereum market.

In response to Buterin’s statements, several prominent figures in the DeFi community have raised strong objections. One individual highlighted the role of DeFi in elevating Ethereum’s market capitalization to $330 billion, indicating that Buterin’s perspective may overlook critical factors that enhance ETH’s value.

Additionally, a co-founder pointed out the pressing issue of centralized oracle services, which are vital for linking blockchain smart contracts with external data. He emphasized the risks associated with the centralization of these oracles, noting that approximately $40 billion in value is secured by them, thereby exposing a significant vulnerability within the broader crypto ecosystem.

📎 Read the original article on thestreet.com