This is hotdog:
Source
Not hot anymore, isn't it?
Source
Not hot anymore, isn't it?
Why do you think this is happening?
Its all FOMO. Like you have already said. The Defi craze is like the ICO hype back in 2017. People sees the green candles, daily gains of +100% and more and don't want to miss this race. BUt at this moment, it seems the race is over and we can move to serious projects.