With projects like Hotdog coin and the likes doing the rounds, the whole DeFi craze is beginning to look and smell a lot like the ICO bubble a few years ago. Although, i feel that their own acceptance of how ridiculous and scammy it all is is ironically adding to their appeal.
Why do you think this is happening?
All the old coins are turning around. In a very short time, it may freeze as before. It seems that the insanity of the defi project will not last long.
Nice use of word "Insanity" ,while many coins are struggling hard these defi projects are making its way up but there are some thinking about the fall of many defi based projects.
i know how popular this defi thing now but like you i doubt that it will last that long because Altcoin season shows this way in past but
in the end fell down hard.
So hopefully those who invested here will realize this earlier before they fall hard with the projects they are supporting now.