Ethereum developer earned $ 70,000 in profit on the Polymarket cryptocurrency betting platform

During a meeting with the crypto community in Chiang Mai, Thailand, Ethereum co-founder Бутерін" href="https:>Vitalik Buterin said that he made a profit of $ 70,000 on the Polymarket forecasting platform. He initially invested $ 440,000 and follows a strategy of betting against events that he believes are overpriced due to panic or hype. Among the examples he mentioned were predictions of Donald Trump winning the Nobel Prize or the dollar crashing.

Buterin emphasized that Ethereum’s technological infrastructure is now ready for mass adoption: the gas limit has been increased to 60 million, zkEVM solutions have been integrated, and wallet usage has been improved. At the same time, he noted that the industry has deviated from its original goals: instead of creating useful decentralized services, such as a «decentralized Uber,» memecoins and speculation dominate.

Criticizing the state of decentralized social networks (SocialFi), Buterin noted that monetization of communication leads to a decrease in the quality of content. He mentioned the Farcaster protocol as an example where the focus has shifted from social functions to wallet creation, recognizing that financial services today have more potential for mass adoption than competition with platforms like X.

Separately, Buterin warned against the ill-considered integration of artificial intelligence and blockchain. He sees Ethereum’s role in the future as a financial layer for AI agents that will need a crypto wallet to perform tasks. Among the key areas of development, he singled out decentralized stablecoins tied to the consumer price index, DAOs with strategies based on prediction markets, and social networks in which the user has his own network of connections (DeSoc).

Buterin emphasized that the main motive of his activity is to preserve the value core of the crypto industry — to prevent its final transformation into a speculative «casino» without any real benefit.