I've seen a lot of old projects that changed the concept to Defi. To me this isn't great because obviously they are using the hype just to revive their project.
someone is crazy about Hype Defi! It's a red light for you, be careful before you cry get caught up in this FOMO.
Definitely you are right, not that DeFi projects are bad but we should look at the FOMO effect.
Anyway, those who might fall in the wrong projects are those who didn't make their research before putting their money in a certain project, but in general, this is good for the crypto market is it makes the market alive again after long bearish trend, and it looks like this year is already bullish so far, and I hope we can end bullish and consider this year a year for the DeFi projects.