Vitalik discusses the future development direction and innovative applications of Ethereum
During the Global On-chain Asset Summit in Singapore, Ethereum founder Vitalik Buterin engaged in a fireside chat with Dr. Xiao Feng, Chairman and CEO of HashKey Group. Vitalik stated that Ethereum is advancing along two main lines—low-risk DeFi and innovative applications. The former relies on stablecoins, lending, and other services to provide a 3%–4% yield for those lacking quality banking services; DeFi risks have also decreased from about 5% TVL in 2019 to approximately 0.02% this year. The latter includes prediction markets, ENS, ZKID, and others that also have the potential to break into new circles. Vitalik emphasized that both routes are equally important and will jointly promote the long-term development of the Ethereum ecosystem.
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