Everyone and his dog probably know how unregulated the crypto world is. The term Wild Wild West can aptly describe this sphere. Wild profits at really high risks, and of course, dishonesty from some bad actors. These bad actors perpetrate exit scams, right pulls, identity phishing(I have been a victim of this in a bounty campaign, unfortunately) etc.
Now in this neophytic subset of crypto, Decentralized Finance, with the ticker DeFi, these actors have basically taken over. DeFi is an interesting upgrade of Finance and is looking to take over Centralized Finance, but with the insecurity features, this is going to be a pipe dream. I hope crypto in general and DeFi specifically change its act, and gets rid of these unwanted baggages. I still love crypto though
It seems to me that the hype around DeFee has long been declining, but this effect is leveled by the fact that the market itself is in an upward trend. Thus, we observe how bitcoin pulls the entire market with it, including projects that should have dropped significantly in price in the event of a strong correction. As soon as this happens we will see a collapse of an unprecedented scale.