It would be fair to say that decentralized finance — better known as DeFi — has become Ethereum’s killer use case.
Nothing shows this as well as Uniswap, an Ethereum-based decentralized exchange that literally processes more than 100,000 transactions a day. For context, there are only seven entire blockchain networks that regularly process over 100,000 transactions a day. The $10 billion value of DeFi coins based on Ethereum also shows the importance of this market segment to the network.
Even still, Ethereum founder Vitalik Buterin is telling his followers to not be hasty in using DeFi.
The number of users interacting with DeFi contracts on Ethereum has gone exponential in recent months as noted by on-chain analysts. This is …