Overview

• Buterin says stable, low-risk primitives can replace reliance on speculative memecoins and NFTs for sustaining Ethereum’s economy.
• He highlights payments, savings and fully collateralized lending, pointing to stablecoin markets like Aave where USDT and USDC often earn around 5%.
• Framing the strategy as Ethereum’s “Google Search” moment, he adds that the network could ultimately “do much better than Google.”
• Recent data in coverage show DeFi TVL surpassing $100 billion even as Ethereum’s on-chain revenue fell about 44% from July to August.
• He defends extended unstaking wait times as part of Ethereum’s security model and urges exploration of flatcoins and basket-currency designs.