Bankless Vitalik Declares DeFi Ethereum’s Killer App | Ryan & David
115 snips
Sep 24, 2025 Vitalik Buterin has labeled DeFi as Ethereum's 'killer app,' likening it to Google Search. The hosts discuss how DeFi has matured, surviving volatility while evolving into low-risk activities like lending and borrowing. They highlight its global accessibility, empowering users without stable banking. The conversation dives into the alignment of DeFi with Ethereum's values and the significance of stability in driving revenue. With comparisons to historical tech giants, they explore the future potential of DeFi in shaping Ethereum's economic landscape.
AI Snips
Chapters
Transcript
Episode notes
DeFi As Ethereum’s Core Business
- Vitalik frames DeFi as Ethereum's core business, analogous to Google Search for Google.
- Low-risk DeFi provides a dependable economic backbone that funds broader Ethereum experimentation.
DeFi Has Matured Into A Stable Core
- Vitalik argues a stable core of DeFi apps is forming and moving risky activity to the edges.
- He claims mature DeFi transparency and automation could be more stable than TradFi long-term.
2022 Crisis Validated DeFi Resilience
- In 2022 centralized platforms collapsed while DeFi protocols like Aave and Uniswap continued operating.
- Ryan and David both note they kept funds in DeFi and experienced orderly liquidations instead of black‑box failures.