Vitalik Buterin advocates that "algorithmic stablecoins" are the true DeFi, emphasizing the need for risk transfer and decentralization mechanisms, and calling for a reduction in reliance on centralized stablecoins like USDC, gradually shifting towards a diversified index model. He criticizes that current mainstream DeFi still depends on centralized stablecoins and has not achieved true decentralization.

Gate News Bot Message, February 10th, according to CoinMarketCap data, as of press time, ETH (Ethereum) is currently trading at $2,117.84, up 2.01% in the past 24 hours. The highest price reached $2,291.13, and the lowest dropped to $1,748.63. The 24-hour trading volume is $25.786 billion. The current market capitalization is approximately $255.608 billion, an increase of $5.034 billion compared to yesterday. Ethereum is a decentralized open-source blockchain network and software development platform supported by the cryptocurrency Ether (ETH). ETH is the native cryptocurrency of the Ethereum network, used to pay transaction fees and secure the blockchain through staking. As a leading platform for innovative applications and blockchain networks, the Ethereum network is open to everyone, without the need for permission.

Odaily Planet Daily reports that Nate Geraci, President of The ETF Store, stated on the X platform that spot Ethereum ETF buyers are paying an average of $3,500 per token. Currently, Ethereum is priced at $2,100, and its performance has been sluggish over the past six months.