For some people, the reason they are in web3 in the first place is because of the technical features available—pseudonymity, custody, decentralization, security, speed, smart contracts, and more. However, some people, typically the newbies, enter the space to speculate on pricing, make quick trades, or are just in it for the money without regard for the fundamental values of the underlying assets.

It’s like buying Ethereum and storing it on a centralized exchange, which ironically defeats the entire purpose of Ethereum’s existence. However, in any case, Binance has recently reached 200 million users because it has built an easy-to-use application. They are a prime example of a corporation that has created a product prioritizing user experience over the technical applications that web3 and defi tools allow for.