In 2020 and 2021 bull market, DeFi 2.0 was very hot and tokens of decentralized exchanges like Uniswap, Pancakeswap, Sushiswap, 1inch Network, Apeswap ... were very hot and had some x10, x20 growths. Three years later, after more than 1 year of bear market, those tokens lost a lot of their all time high values.
With collapses of Terra, DeFi 2.0 model shows their weakness and do you think those tokens will be recover to their all time highs in 2024 bull run?
The tokens of many well-known decentralized exchanges are now 90% cheaper from the absolute maximum, and this is a good investment, but maybe not for 2024. Therefore, I would not buy these tokens up to more than 5-7% of the investment portfolio. The popularity of decentralized exchanges will grow, keeping some tokens (1 inch) on the wallet helps to reduce exchange fees.