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 collapse in the price of DeFi 2.0 tokens has nothing to do with Terra. It's just the influence of the bear market. And this condition of falling prices also occurs in all altcoins. Terra is just a bullshit coin that is ruining the crypto market. If we attribute the price of the DeFi 2.0 coin to Terra, it will destroy all of DeFi's reputation. These coins will grow during the bull market. It is not yet time for this coin to increase, because the growth in Bitcoin price has not fully occurred yet.