All summer, and especially August, the market was booming with news about the super growth of tokens. Yeald farming, stacking gave crazy interest. New tokens appeared every day, the number of assets involved in this area was steadily growing. And what we see now:
Some projects have already reached -90%, yeald farming is no longer so profitable.
All large projects have fallen in price, not to mention any little-known tokens with low liquidity. Is the market entering a new phase?
What will this correction give us? The market will be cleared of all garbage and DeFi will be promoted exactly as a technology, as before, not just a desire to collect money from the crowd or should we wait for a second wave, as it was in 2017, when after the correction many alto tokens grew even more and then died forever?
Although now the defi hype has begun to decline due to many frauds and the Defi project which ended in a scam but at least this did not dampen investors' interest in investing in current defi projects, and we can see that bitcoin and eth still have the potential to experience price increases, and that is the impact of the hype defi that occurred some time ago.