Warwick countered criticisms that meme coins are “pure speculation” by asserting that “speculation is good and valuable.” He noted that the ecosystems formed around meme coins contribute to the development of DeFi infrastructure.

Warwick pointed out that retail investors find meme coins more engaging compared to complex DeFi protocols, and this leads to their involvement in DeFi. “Financial engineering is not that interesting,” he said. “There aren’t that many people who find it deeply interesting.”

The Synthetix founder maintained that meme coins are “quite useful” in attracting new investors to DeFi and bringing the space to a wider audience.

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