Smells a lot like 2018 doesn't it?
It smells more of 2017.
Many say that Defi is just a hype, but I think that there are really interesting projects that will surely survive and grow even more over time.
The fact that there are a lot of scams, but after the hype passes, the best ones will remain and a lot of money will be poured into these projects.
The same impression for ICO before until the scams existed and they took over the hype and then suddenly victimized a lot of innocent investors. There are legit defi but there will be scam projects that will ride this hye.