DeFi / ICO is actually the same, nothing has changed significantly, starting from what they make all look the same, only the outer shell is different. And indeed DeFi is booming lately, but I don't really follow it, please correct me if it's wrong.
Many have the same idea that defi projects of this period are creating big market hyphens as the one time ICO. Also many investors are now rushing to invest in defi projects to recover their losses. I am talking about the investors who invested in the bad times of ICO. However, as an investor i have to use this time and keep my eyes open to invest.