What do you think about Defi's hype this time? Why are people willing to pay such a large fee like that ?

It's not only caused by the defi hype but the ethereum is so crowded a few days ago. People are still willing to pay the large fees caused by with the assumption if they can make 100% return from there and it will be worth for them to pay large fees to secure their slot.
I have paid a few dollars to create a single transaction and that's a lot.
The defi hype is over right now.