> Decentralized exchanges like Uniswap are beating centralized exchanges in volume and lending protocols like Aave have billions deposited in them. These defi p

> Decentralized exchanges like Uniswap are beating centralized exchanges in volume and lending protocols like Aave have billions deposited in them. These defi protocols are generating huge cash flows. This is real people using decentralized technologies built on blockchains like Ethereum. What are people doing on these systems? Usually to say “generating cashflows” means some kind of productive business activity. Are people actually touching the real economy or just trading coins amongst other people in the crypto world?