End of Defi hype! Time to invest in real business with real products?
Gas prices at 6 months low!!
DEFI hype investment hypes are over! it is really a time to invest in real business with real products!
And who told you that all DeFi projects don't have real products? I see you are a newbie, you'd better spend time learning what few DeFi projects have in stock, projects like Polkadot, Chainlink, Synthesis aren't here to play, not all DeFi projects are complete waste of time and money, DYOR
There are quite a few people in these comments who are coming around to the point that DeFi is here to stay. Atleast for as long as the regulators allow DEXes like UNISWAP to operate. Bitcoin is a completely different proposition compared to DeFi. Any serious person who is putting money into such projects is also keeping his bitcoin. Because bitcoin is the foundation that actually gives legitimacy to the whole idea of cryptocurrency.
Without Bitcoin, all of these other projects would simply be private servers run by a bunch of people giving away useless tokens and essentially engaging in unregulated, financial fraud. It is their liquidity with respect to BITCOIN (through USDT, ETH etc) that these projects are surviving. You remove bitcoin from the equation and i guarantee that all the REAL investors putting thousands of dollars into these alternate blockchains will just withdraw.
Also, for all the talk about PolkaDot, Synthesis etc, there is still nothing novel or revolutionary about any of them. The only real success in this whole space till now has been UNISWAP which has been able to garner a huge market share and attention with its Pooling and LP model. The rest are all just people with deep pockets throwing money at these devs hoping that they would eventually come up with the next biggest network effect.