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Re:Do kwon sent $80M a month to secret wallets? by Mo3 on Thursday June 09, 2022 @07:05PM (#31688087)
> Whatever utility there is either very minor or refers to something in the future.

That sums it up pretty nicely, at least for DeFi.

Layer 1 currencies do have utility as currency, albeit defined by adoption. I sometimes pay for my pizza in Bitcoin. Some banks use XRP as a SWIFT-style cross-border payment network.

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