It is just the same with ICO the only difference is the existence of yield farming projects. Most of those ICO before are based on platform, but now lending, staking and many more are on the hype. I wonder what would be the case of this hype in the end. Either we gonna go to the bull run or will be going back to bear market.
Hopefully this hype will last for 1-2 years to make this market grow strongly. If it collapsed too soon, the market would fall soon after. Besides, Defi is also safer than ICO so investors will be extremely excited to invest in them.
You can see from the another points like this point could be true. We see the ICO, IEO and DeFi hype. When investor invest in cryptocurrency, probably they choose something interesting like 2019 IEO and now DeFi projects. Actually for increasing coinmarketcap value, investor choosing another platform to make some profits. DeFi won't last long 2 years, investor will switch to another hype