I don't trust DeFi projects, out of 100 DeFi projects I only trust 6, and these projects are backed by real blockchain experts not some dev wannabes that are new to crypto and blockchain, most DeFi projects are base on hype and after this bull run their true colors will surely be revealed
Maybe, you're holding to those DeFi projects which are in DeFi space before starting the hype of it and it's best to participate only those. Like what you said, is the reality of DeFi market and more users are getting into those projects because of fomo and nothing else. Eventually, the hype of DeFi will downtrend and every hyped projects will become shit one. It's just about time, IMHO.