Currently Defi projects are doing greatly but I still see no reason to equate both. Doing ICO period it it well and later disappointed everyone. Defi us here and currently doing well and may also do so as scammers are all over the place searching for people to scam. Let's understand this and get it that comparing part and present can't help out because there's trace of scam in both from scammers.
DeFi projects definitely much different from the ICO hype in 2017 because not all ICO projects are not good for an investment. Unlike DeFi projects they are still in a bull run and they doing great the market. But both DeFi and ICO projects has the same huge numbers of scam or fraud schemes, that is why it is better to watch out on where you invest your money.