yes, the reality is 90% of the new defi projects launching everyday will die. Many even dont have website. They are just taking funds on telegram. Mnay are scams. Many will turn scam. And many will not be able to survive in the market. Only few genuine projects with real use case and strong team will survive. Same like ICO hype in last bull cycle. But then it will only give a chance to make insane amount of money before going scam. This is what it is. It will repeat again.