Yes, I never thought Defi was meaningless in the Crypto market. If it didn't make sense then the Defi projects are dead and Uniswap is not in need of trading as much as it is now.
Volume doesn't mean it is something important for the world, the real world continues on its own even as hundred of coins reach billions in fake volume, in real-world applications all this defi madness has proven it has literally zero value or impact.
Defi was created due to the slowness of the bank, many people need to borrow money to use in business investment but banks are too late.
Yeah right, and how can you solve the basic problem for a starting business with defi and no banks?
I have an idea, I have an average wage that allows me to pay back a loan but I have zero collateral.
Tell me, where should I apply for a loan, at a DeFI project or a bank?
But now you see, they praise Defi coin when many coins are profitable for them like Base, KiraNetwork, Folder Protocol.
So, it's basically speculation on its price, not usage...just like all other shitcoins around.