defi as for me is much more healthy than ico and ieo. if it will be regulated - i think a lot of valued defi and have a nice future. i believe in credible dex projects - volumes are increasing and tech base is likely to be much better than year ago
ieo is healthier than defi but not sure about ico , ico have a projects that were legit and theres that failed and scams and defi also have that but the difference is defi is still on going .
if it still alive there is a chance that it can show its worth and produce more legit projects but asking if it will be regulated i think thats not going to happen . regulation wont be needed if all project creators have a dicipline and if they will only work fairly and honestly .