{"id":2243,"date":"2025-09-21T14:05:03","date_gmt":"2025-09-21T14:05:03","guid":{"rendered":"https:\/\/bitcoinnewscrypto.com\/vi\/?p=2243"},"modified":"2025-09-21T14:05:03","modified_gmt":"2025-09-21T14:05:03","slug":"vitalik-buterin-low-risk-defi-revenue-ethereum-vs-google","status":"publish","type":"post","link":"https:\/\/bitcoinnewscrypto.com\/vi\/news\/ethereum\/vitalik-buterin-low-risk-defi-revenue-ethereum-vs-google\/","title":{"rendered":"Vitalik Buterin: DeFi r\u1ee7i ro th\u1ea5p \u2013 Ngu\u1ed3n doanh thu b\u1ec1n v\u1eefng cho Ethereum?"},"content":{"rendered":"<p>Vitalik Buterin, \u0111\u1ed3ng s\u00e1ng l\u1eadp c\u1ee7a Ethereum, tin r\u1eb1ng t\u00e0i ch\u00ednh phi t\u1eadp trung r\u1ee7i ro th\u1ea5p c\u00f3 th\u1ec3 mang l\u1ea1i cho m\u1ea1ng l\u01b0\u1edbi m\u1ed9t ngu\u1ed3n doanh thu \u1ed5n \u0111\u1ecbnh. \u00d4ng gi\u1ea3i th\u00edch r\u1eb1ng c\u00e1c c\u00f4ng c\u1ee5 DeFi \u0111\u01a1n gi\u1ea3n, nh\u01b0 cho vay stablecoin tr\u00ean c\u00e1c n\u1ec1n t\u1ea3ng nh\u01b0 Aave, c\u00f3 th\u1ec3 cung c\u1ea5p thu nh\u1eadp \u1ed5n \u0111\u1ecbnh trong khi v\u1eabn ph\u00f9 h\u1ee3p v\u1edbi c\u00e1c gi\u00e1 tr\u1ecb v\u0103n h\u00f3a c\u1ee7a Ethereum. T\u1ef7 l\u1ec7 cho vay hi\u1ec7n t\u1ea1i \u0111\u1ed1i v\u1edbi c\u00e1c stablecoin nh\u01b0 Tether v\u00e0 USDC l\u00e0 g\u1ea7n 5%, trong khi c\u00e1c token c\u00f3 r\u1ee7i ro cao h\u01a1n c\u00f3 th\u1ec3 v\u01b0\u1ee3t qu\u00e1 10%. Buterin so s\u00e1nh c\u00e1ch ti\u1ebfp c\u1eadn n\u00e0y v\u1edbi c\u00e1ch Google ki\u1ebfm ph\u1ea7n l\u1edbn ti\u1ec1n t\u1eeb t\u00ecm ki\u1ebfm, m\u1eb7c d\u00f9 h\u1ecd ph\u00e1t tri\u1ec3n c\u00e1c s\u1ea3n ph\u1ea9m kh\u00e1c nh\u01b0 \u0111i\u1ec7n tho\u1ea1i Pixel v\u00e0 c\u00e1c m\u00f4 h\u00ecnh AI ngu\u1ed3n m\u1edf t\u1ea1o ra doanh thu \u00edt h\u01a1n nhi\u1ec1u.<\/p>\n\n<p>\u00d4ng cho bi\u1ebft Ethereum \u0111ang \u0111\u1ed1i m\u1eb7t v\u1edbi m\u1ed9t c\u0103ng th\u1eb3ng. Nhi\u1ec1u \u1ee9ng d\u1ee5ng \u0111\u00e3 tr\u1edf n\u00ean ph\u1ed5 bi\u1ebfn, ch\u1eb3ng h\u1ea1n nh\u01b0 NFT, memecoin v\u00e0 c\u00e1c c\u00f4ng c\u1ee5 giao d\u1ecbch \u0111\u1ea7u c\u01a1, mang l\u1ea1i ph\u00ed nh\u01b0ng kh\u00f4ng ph\u1ea3i l\u00fac n\u00e0o c\u0169ng ph\u00f9 h\u1ee3p v\u1edbi c\u00e1c nguy\u00ean t\u1eafc ban \u0111\u1ea7u thu h\u00fat m\u1ecdi ng\u01b0\u1eddi \u0111\u1ebfn v\u1edbi Ethereum. M\u1eb7t kh\u00e1c, c\u00e1c \u1ee9ng d\u1ee5ng b\u00e1n t\u00e0i ch\u00ednh v\u00e0 phi t\u00e0i ch\u00ednh c\u1ed1 g\u1eafng ph\u1ea3n \u00e1nh nh\u1eefng gi\u00e1 tr\u1ecb \u0111\u00f3 \u0111\u00e3 kh\u00f4ng t\u00ecm th\u1ea5y s\u1ef1 ch\u1ea5p nh\u1eadn r\u1ed9ng r\u00e3i ho\u1eb7c \u0111\u1ee7 doanh thu. Buterin l\u1eadp lu\u1eadn r\u1eb1ng DeFi r\u1ee7i ro th\u1ea5p c\u00f3 th\u1ec3 gi\u1ea3i quy\u1ebft s\u1ef1 m\u1ea5t c\u00e2n b\u1eb1ng n\u00e0y b\u1eb1ng c\u00e1ch cung c\u1ea5p cho blockchain m\u1ed9t x\u01b0\u01a1ng s\u1ed1ng t\u00e0i ch\u00ednh m\u00e0 kh\u00f4ng \u0111i ng\u01b0\u1ee3c l\u1ea1i \u0111\u1ea1o \u0111\u1ee9c c\u1ee7a n\u00f3. \u00d4ng n\u00f3i r\u1eb1ng tr\u00ecnh t\u1ea1o doanh thu kh\u00f4ng nh\u1ea5t thi\u1ebft ph\u1ea3i mang t\u00ednh c\u00e1ch m\u1ea1ng, nh\u01b0ng n\u00f3 kh\u00f4ng \u0111\u01b0\u1ee3c g\u00e2y h\u1ea1i ho\u1eb7c x\u1ea5u h\u1ed5 cho c\u1ed9ng \u0111\u1ed3ng.<\/p>\n\n<p>M\u1ea1ng l\u01b0\u1edbi Ethereum g\u1ea7n \u0111\u00e2y \u0111\u00e3 ch\u1ee9ng ki\u1ebfn t\u1ed5ng gi\u00e1 tr\u1ecb b\u1ecb kh\u00f3a DeFi (TVL) c\u1ee7a n\u00f3 t\u0103ng tr\u1edf l\u1ea1i tr\u00ean 100 t\u1ef7 \u0111\u00f4 la l\u1ea7n \u0111\u1ea7u ti\u00ean k\u1ec3 t\u1eeb n\u0103m 2022. Th\u01b0\u1edbc \u0111o n\u00e0y, \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 TVL, \u0111\u00e3 gi\u1ea3m m\u1ea1nh trong th\u1ecb tr\u01b0\u1eddng g\u1ea5u 2022\u20132023, nh\u01b0ng n\u00f3 \u0111\u00e3 t\u0103ng tr\u1edf l\u1ea1i khi nhu c\u1ea7u v\u1ec1 c\u00e1c blockchain l\u1edbp 1 h\u00e0ng \u0111\u1ea7u t\u0103ng l\u00ean. \u0110\u1ed3ng th\u1eddi, c\u00e1c nh\u00e0 qu\u1ea3n l\u00fd \u0111ang ch\u00fa \u00fd nhi\u1ec1u h\u01a1n \u0111\u1ebfn t\u00e0i ch\u00ednh phi t\u1eadp trung. \u0110\u1ea1o lu\u1eadt l\u00e0m r\u00f5 th\u1ecb tr\u01b0\u1eddng t\u00e0i s\u1ea3n k\u1ef9 thu\u1eadt s\u1ed1 \u1edf Hoa K\u1ef3 l\u00e0 m\u1ed9t trong nh\u1eefng \u0111\u1ec1 xu\u1ea5t m\u00e0 c\u00e1c nh\u00e0 ph\u00e2n t\u00edch k\u1ef3 v\u1ecdng c\u00f3 th\u1ec3 h\u1ed7 tr\u1ee3 vi\u1ec7c \u00e1p d\u1ee5ng r\u1ed9ng r\u00e3i h\u01a1n. M\u1ed9t cu\u1ed9c kh\u1ea3o s\u00e1t g\u1ea7n \u0111\u00e2y c\u1ee7a DeFi Education Fund v\u00e0 Ipsos cho th\u1ea5y h\u01a1n 40% ng\u01b0\u1eddi M\u1ef9 s\u1eb5n s\u00e0ng s\u1eed d\u1ee5ng DeFi n\u1ebfu c\u00f3 c\u00e1c quy t\u1eafc ch\u1eb7t ch\u1ebd h\u01a1n. Nhi\u1ec1u ng\u01b0\u1eddi b\u00e0y t\u1ecf s\u1ef1 th\u1ea5t v\u1ecdng v\u1edbi c\u00e1c ng\u00e2n h\u00e0ng truy\u1ec1n th\u1ed1ng v\u00e0 cho bi\u1ebft h\u1ecd mu\u1ed1n b\u1ea3o m\u1eadt t\u1ed1t h\u01a1n, ki\u1ec3m so\u00e1t nhi\u1ec1u h\u01a1n v\u00e0 linh ho\u1ea1t h\u01a1n.<\/p>\n\n<p>Buterin c\u0169ng \u0111\u00e3 so s\u00e1nh tr\u1ef1c ti\u1ebfp gi\u1eefa Ethereum v\u00e0 Google. \u00d4ng l\u01b0u \u00fd r\u1eb1ng Google t\u1ea1o ra nhi\u1ec1u th\u1ee9 h\u1eefu \u00edch, ch\u1eb3ng h\u1ea1n nh\u01b0 d\u00f2ng tr\u00ecnh duy\u1ec7t Chromium v\u00e0 thi\u1ebft b\u1ecb di \u0111\u1ed9ng, nh\u01b0ng ph\u1ea7n l\u1edbn l\u1ee3i nhu\u1eadn c\u1ee7a h\u1ecd \u0111\u1ebfn t\u1eeb qu\u1ea3ng c\u00e1o g\u1eafn li\u1ec1n v\u1edbi c\u00f4ng c\u1ee5 t\u00ecm ki\u1ebfm c\u1ee7a h\u1ecd. M\u00f4 h\u00ecnh khuy\u1ebfn kh\u00edch n\u00e0y khi\u1ebfn c\u00f4ng ty thu th\u1eadp v\u00e0 l\u01b0u tr\u1eef l\u01b0\u1ee3ng l\u1edbn d\u1eef li\u1ec7u ng\u01b0\u1eddi d\u00f9ng, \u0111i\u1ec1u m\u00e0 \u00f4ng ch\u1ec9 tr\u00edch l\u00e0 tr\u00e1i ng\u01b0\u1ee3c v\u1edbi c\u00e1c gi\u00e1 tr\u1ecb ngu\u1ed3n m\u1edf ban \u0111\u1ea7u c\u1ee7a Google. Ng\u01b0\u1ee3c l\u1ea1i, \u00f4ng n\u00f3i r\u1eb1ng c\u1ea5u tr\u00fac phi t\u1eadp trung c\u1ee7a Ethereum cho ph\u00e9p n\u00f3 ho\u1ea1t \u0111\u1ed9ng t\u1ed1t h\u01a1n Google v\u00ec th\u00e0nh c\u00f4ng c\u00f3 th\u1ec3 ph\u00f9 h\u1ee3p v\u1edbi k\u1ebft qu\u1ea3 \u0111\u1ea1o \u0111\u1ee9c. \u00d4ng tin r\u1eb1ng DeFi r\u1ee7i ro th\u1ea5p mang \u0111\u1ebfn cho Ethereum m\u1ed9t c\u00e1ch \u0111\u1ec3 c\u00e2n b\u1eb1ng vi\u1ec7c t\u1ea1o doanh thu v\u1edbi s\u1ef1 c\u00f4ng b\u1eb1ng.<\/p>\n\n<p>Buterin \u0111\u00e3 \u0111\u1ec1 c\u1eadp \u0111\u1ebfn \u00fd t\u01b0\u1edfng v\u1ec1 flatcoin, t\u00e0i s\u1ea3n k\u1ef9 thu\u1eadt s\u1ed1 g\u1eafn li\u1ec1n v\u1edbi ch\u1ec9 s\u1ed1 gi\u00e1 ti\u00eau d\u00f9ng, nh\u01b0 m\u1ed9t l\u0129nh v\u1ef1c ph\u00e1t tri\u1ec3n ti\u1ec1m n\u0103ng. \u00d4ng c\u0169ng cho bi\u1ebft c\u00e1c giao th\u1ee9c DeFi gi\u00fap d\u1ec5 d\u00e0ng truy c\u1eadp h\u01a1n v\u00e0o \u0111\u00f4 la M\u1ef9 c\u00f3 th\u1ec3 gi\u00fap \u0111\u1ee1 nh\u1eefng ng\u01b0\u1eddi \u1edf c\u00e1c qu\u1ed1c gia c\u00f3 l\u1ea1m ph\u00e1t cao v\u00e0 thu nh\u1eadp th\u1ea5p. \u00d4ng l\u1eadp lu\u1eadn r\u1eb1ng c\u00e1c b\u01b0\u1edbc n\u00e0y s\u1ebd cho ph\u00e9p Ethereum ti\u1ebfp t\u1ee5c ph\u00e1t tri\u1ec3n trong khi v\u1eabn trung th\u00e0nh v\u1edbi ngu\u1ed3n g\u1ed1c c\u1ee7a n\u00f3. DeFi r\u1ee7i ro th\u1ea5p kh\u00f4ng ch\u1ec9 c\u1ee7ng c\u1ed1 n\u1ec1n kinh t\u1ebf c\u1ee7a Ethereum m\u00e0 c\u00f2n h\u1ed7 tr\u1ee3 c\u00e1c \u1ee9ng d\u1ee5ng ph\u1ea3n \u00e1nh c\u00e1c gi\u00e1 tr\u1ecb c\u1ee7a c\u1ed9ng \u0111\u1ed3ng. Theo Buterin, c\u00e1ch ti\u1ebfp c\u1eadn n\u00e0y mang \u0111\u1ebfn cho Ethereum c\u01a1 h\u1ed9i ph\u00e1t tri\u1ec3n th\u00e0nh m\u1ed9t th\u1ee9 g\u00ec \u0111\u00f3 l\u1edbn h\u01a1n Google trong khi v\u1eabn t\u1eadp trung v\u00e0o t\u00ednh phi t\u1eadp trung v\u00e0 \u1ed5n \u0111\u1ecbnh.<\/p>","protected":false},"excerpt":{"rendered":"<p>Vitalik Buterin, \u0111\u1ed3ng s\u00e1ng l\u1eadp c\u1ee7a Ethereum, tin r\u1eb1ng t\u00e0i ch\u00ednh phi t\u1eadp trung r\u1ee7i ro th\u1ea5p c\u00f3 th\u1ec3 mang l\u1ea1i cho m\u1ea1ng l\u01b0\u1edbi m\u1ed9t ngu\u1ed3n doanh thu \u1ed5n \u0111\u1ecbnh.&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2244,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-2243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum"],"_links":{"self":[{"href":"https:\/\/bitcoinnewscrypto.com\/vi\/wp-json\/wp\/v2\/posts\/2243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinnewscrypto.com\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinnewscrypto.com\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinnewscrypto.com\/vi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinnewscrypto.com\/vi\/wp-json\/wp\/v2\/comments?post=2243"}],"version-history":[{"count":1,"href":"https:\/\/bitcoinnewscrypto.com\/vi\/wp-json\/wp\/v2\/posts\/2243\/revisions"}],"predecessor-version":[{"id":2245,"href":"https:\/\/bitcoinnewscrypto.com\/vi\/wp-json\/wp\/v2\/posts\/2243\/revisions\/2245"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinnewscrypto.com\/vi\/wp-json\/wp\/v2\/media\/2244"}],"wp:attachment":[{"href":"https:\/\/bitcoinnewscrypto.com\/vi\/wp-json\/wp\/v2\/media?parent=2243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinnewscrypto.com\/vi\/wp-json\/wp\/v2\/categories?post=2243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinnewscrypto.com\/vi\/wp-json\/wp\/v2\/tags?post=2243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}