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Recently, there is a massive surge of interest in DeFi, and you can see so many DeFi projects booming, like Aave and Compound. I was just wondering if this phenomenon will trigger a temporary downward movement in major market cap coins. For the past week, we are able to see that major cap coins are very stable within a set of price range, showing a lack of public interest in them. My belief is that the capital will move from top coins to DeFi tokens.

Since DeFi is now the trend in the crypto space, and lots of people are speculating for the plunge in Bitcoin and other top cap coins, do you guys believe we are going to see a downward movement in the coins?

Well, it's look likes a fomo to me because it'll vanish just like other trends when more public will attract into Defi and get low reward as it's the main point for all the newcomers who get interest into defi. Also i see many of the well reputed Top crypto projects are shifting to Defi catagory. Recently, Tomochain get the Defi tag on CMC and all people get in fomo and buy tomo.As a result, tomo get an instant pump. But the major coins won't be effected , imo.

You absolutely right the FOMO. Greed is always comes in hand with trend. And trend will always expired once there are too many participants. If the capital shift did happen, the capital will eventually shifted back to major coins, especially Bitcoin when the trend is dying. Bitcoin is still the most decentralized and secured cryptocurrency.

Those speculations about bitcoin's plunge are wrong. Just to see the price of bitcoin today, it has been up by +$200. The stable price that it has for the past few days was $9050 - $9100.

Then suddenly it surged to $9300.

We will always deal with the downward at any time so just expect it while the prices are going up until it lasts.

DeFi is really something now, I didn't know Chainlink and compound is a defi project until coinmarketcap added a list of defi projects and surprisingly LINK is the top 1 https://coinmarketcap.com/defi/. and because of that I learn new defi projects. They are not really a threat, each crypto has its purpose, most of them are using ETH network, that is their weakness as of now. If ETH is clogged all of them is affected but this new tech provided by defi is amazing.

Defi is another new tool for pumping altcoin. As a result, some coins may be getting the benefit that they have been dumping for so long. And everyone knows what the result will be after this pump. But newbies don't know anything about this. Major coins are not among the coins that are being discussed with Defi. So the major coins were not affected.

It can trigger a bear period for the top cryptos in the market if DeFi will really be a hit. If we take a look at the situation right now you will see that lending might be really big as a lot of people will be looking for some loans due to them being affected by the pandemic, people who have extra crypto lying around might see this as an option and they might offload their crypto to buy these type of cryptocurrencies but this is just one big speculation and it might not happen.

DeFi craze is real and the pumps in some of the coins/tokens in this sector are huge which no one was expecting a month ago to be honest but being greedy and entering late can be risky because market is highly volatile and trend can change anytime because DeFi have a long way to adoption and till then it is all speculation and fomo.

The idea cant be sustain for a very long time time, creating scarcity by reward to increase price but when the time of sale comes the rate of price dump will also be very massive. FOMO is always making money for some side of the market and everyone is trying to be part of it, especially the top exchanges, Listing those coin with very short notice.

The current Defi projects are very attractive to investors and certainly this trend will last for a while longer. However, recently a lot of scam projects are appearing more and more and just adding Defi is immediately project that will be of interest. I think, you should take the time to research first because you can still be at risk at any time when investing in projects like this.

This may be their time to shine but I still believe that if the coin has good foundation, strong dev team and actual use case in the market, they can still have good performance in the market.
So it doesn't matter if your DeFi project or not, as long as you have continuous development in your network, you have the chance to survive.
For sure, a lot of crap DeFi projects will be launched in the coming days. And it is up to the user, how he will identify those that are really worthwhile projects.

I don't know guys. Feels so tempting for me to go in and earn interest on things too, but I had a bad lesson to learn before about trusting platforms and companies, no matter how good they are or how big their reputation is (I trusted someone on the highest possible trust level on this forum). You lose your money, you cry. And for what? 10% interest a year?

DeFi is big now but I fear it is the lack of controls and FOMO that will cause this to be the next bubble.

I agree with you. I think this investment trend will only exist for a few more months so if you can choose a potential project, consider investing now. I am not sure if everyone will be interested in Defi projects next year, but there will certainly be another trend by that time and it will surely attract more investors. Anyway, this stage is the growth stage of the Defi project so invest if you feel the project is potential.

Since you itself mentioned that temporary effect on the prices so coins which are trusted by the community will not have any effect on this and this is bad for the Defi projects itself in the long run if the investors started to dump their tokens after a while.

Defi projects had proved to be an evidence that cryptocurrency can work like traditional banking sector as something put into the context of our current technology.

That being said, defi will still continue to work in the near future, and potentially the best investment tool right now.

Further, its up to every person, how they will make profit? Either by staking into defi projects or investing into existing cryptocurrency.

I believed lots of projects in the space are focusing on becoming centralized as they imitate the traditional sectors like banks, financial institutions and etc., to do transactions.

In addition, the thought of trusting companies is one of common risks we already accept the moment we dealt/made our first crypto transaction. so yeah! thats how it is...

this defi is so hyped now . people keeps on talking with that anywhere and thats the start of curiousity of others that are new to it and they start checking it out . they stop buying thier main coins for a while which causes for the price to go down but as soon as they got used to defi , they will start crawling back again on the originals. thats only a classic move by the investors , they will keep doing it as long as there are new discoveries on the crypto world .

That is definitely not. The top altcoins are said to be good long-term investment goals and it still works very well. certainly the money will be more different and inclined towards defi altcoins, the obsolete altcoins will be more likely to be expelled from the market. That's why thousands of coins are removed from the market every year for not catching up with the trend.

Blocknet is a DEFI projects as well, been for a long time, so I'm sure it will get a lot of attention soon as well, mainly because they work on enhancing the whole ETH network through a decentralized "Infura" solution, which decentralizes the data being broadcasted between the ETH network, and it's tokens.

I think this is most likely,  definitely everyone wants a piece of the pie, defi are very hot this days and anyone who invested in any defi project believe they have hit a jack pot, but i think this is just over hyped because I do believe not all defi project will perform the same and being huge profit to investors, the market have in a very stable position this few days, it may be the reason why investors are looking for something new and interesting.

I will remind you that these DEFI were building inside the major platforms. I don't see any reason for the bitcoin to be replaced by defi coins. It looks like you must see it from the technical view too.
DEFI is not having the main aim to replace any other crypto currency.

The crypto market has long been dominated by bitcoin, so if a new hype pops up it will not significantly affect the price of bitcoin.
watch out for instant upgrades, it could be a trap so you can't get out.

In the last few weeks a lot of old coins are starting to add the name Defi to their projects and this is a way to make the value increase very high in a short time. I think this trend is becoming more and more popular so you should also be careful and avoid Fomo because the risk can still happen at any time. I think Defi will be a temporary investment trend and will soon be forgotten by the end of this year.

When new hype also comes up, it will first not gonna be accepted by the bitcoin users. We're just too cautious to touch it because almost everything besides the usual projects that we are used to are accepted. 

Defi seems to be an odd project but it actually exists since time, it's just like we not open to new things. Aave and Compound is just a few of it because there are actually more defi projects that we haven't heard of.  Coinmarketcap has its own list that we don't recognize its a defi project. Check this out https://coinmarketcap.com/defi/

   Miningguru I agree with you, we can expect next levels and market capitalization of crypto-currencies will increas. But I think
that Bitcoin will remain dominant on the crypto-market for many years. I don't see this rise of DeFi as any threat, it's good that
DeFi is getting more popular and that affect the price. I see crypto-market as whole and it's good when any coin make progress.

firstly stake token that very hype on thier time then masternode coin that hype in 2018-2019 before its turn off to scam project and then deflanation base token that born many scammer to, and now DeFi is very hype on this year especially, i hope this new project concept that hype on this year wont bring more scam project to take advantage of this hype. btw almost all new project that announce on token board are based on DeFi concept, its really something.

This is the time when people mention Defi projects and this investment trend will surely bring a big profit to investors if you have a reasonable investment strategy. In addition, some potential coins are starting to add Defi to their projects making it very easy to raise prices. However, you should be careful because you are not always lucky to make good profits from Defi projects.

The growth of technology should be matched with the idea to give the best solution to the problem that is not yet fixed, BTW there are so many similar platform these days.
It looks like DEFI is just another bubble too. You can see how it was having the same trend like ICO.

Yeah I remember that Hype stake/masternode coin when cryptopia still running they service. I think if most of all project Defi truly legitimate it can be something for major coins, as we know that some Defi not have own platform but use another blockchain so indirectly people need buy some major coins to process they transactions (dependency), also I hear that some Defi have own blockchain but now they still running some testnet maybe on 2021 we'll see about it.

Defi being the fomo for now, big coins like Ripple and Ethereum are still losing right now,
but the rise of Ethereum makes the major coins also rise, very interesting

DeFi now does seem similar to the ICO craziness of 2017, and it's once again ETH that is the coin that sits behind it all, and is once again increasing rapidly. It will be interesting to see how this plays out, as everyone now has 2017 to look back on. Will DeFi become a bubble? Is the ETH 2.0 upgrade a factor to consider, and which might help ETH to maintain a high price without falling back again? Let's see what happens in the next couple of weeks. ETH is at +25% and near $300 for the last 7 days. 2 more weeks at that rate will see ETH at around $470... which could really kickstart some FOMO. We may not have long to wait.

Massive surge of interest? Where the heck you do get this thing?

We know that DeFi projects do exist but it did really get that much attention for you to tell that Bitcoin would gonna plunge? We shouldnt really have that kind of dream.  ;D

If these DeFi projects would able to do so then they would surely need to pass first the test of time.

Defi projects may be very similar to ICO but this is definitely a more upgraded version and it seems people are excited about projects like this. I appreciate what is going on these days and this is an opportunity for you to seek profit because this month alone there have been so many Defi projects with very high profits. This will cause ETH price to rise again and the market will soon enter altcoin season.

Coins, securities, utility tokens, stable coins, ..... all have different use case. Yes some of them dont have any use case, but that I will not talk about it now. There is no competition between a stable coin and some security. None.

From 500 mil us dollars total value locked it went up to 4.42 billion so I think the way they are making profit it is only through fees

I believe that all surviving coins really had purposes, though Defi us now the new hype we can’t be sure that all Defi projects are the real deal so better not too over confident about it. Bitcoin had stand the test of time, I believe it will remain on top for another decade or two.

I am in the cryptocurrency market for a very long time and one thing you can notice is that the trends in this space keeps on changing, in the beginning it was bitcoin and then there was a flow of fun coins and the rest of the coins started to come including privacy coins and then came ETH and the sudden flow of ICO market and then there was a slight change with IEO and now the DeFi trend. The trends keep on coming and anyone who is intelligent have the opportunity to make money.

That possibility is true but there is little leverage if the major altcoins lose interest. DeFi seems to emerge at the right time when the market is good and interest is on the rise. There are indeed several altcoins that have been affected but also many other altcoins or projects that have had a positive impact from this trend

DeFi projects are getting interest to make profits in short term so people will chashout once the tokens are listed on exchanges and they will buy bitcoin or other top cryptos to keep their profits alive.And also I don't see any dump on the prices of cryptos only the prices were surged due to the market bloom that is also the main reason for defi project gets more hype.

If you remember when ICO became hype, so many people invest on it, still couldn't make the downward move, especially bitcoin. Bitcoin is always dominant in the market even though if out there are a lot of new technology, like Defi. Let's see about 6 months later, can it still be a trend in crypto space??

This is just my opinion, but I think there is a big chance DeFi trend will last because there are many who hope that this sector can make changes to the crypto market by dominating more than 30%, and yes every month there is a new DeFi project that looks good and contributes considerably in improving trade volume.

it is too overhype and this trend will not last long, only a few protocols will survive, that's for sure what will happen in the next few months

There are already classic Def projects trending and the trend will continue at least for the next decade if crypto is still in existence. This is an innovation that has been projected for a long time now, but could not come into thelight of the day, because some developments were still ongoing. Now that some of them now have their techs ready and in good form, with regular updates, their will be substantial growth in the sector.

I don't think the DeFi project will be a threat to major coins. As a newcomer in the crypto, they follow with the existing major coins, especially ethereum, if that project is based on the ethereum network. But we don't know what will happen in the future as the DeFi project is a new thing in the crypto, and I think that is almost the same as when ethereum has been used for the ICO project. We will see how strong the DeFi project in the future and the DeFi project survive in the crypto, then that project can get their success, but it is not a threat to major coins.

No, I can't see it. It is clear that the top coins are growing very strongly following the Defi trend. the market is now called season altcoins and the defi trend is more correct. Chainlink, Tezos, Ethereum, BAND, have increased dramatically over the past few days, so we can say that money is flowing from outside into our market. This is a sign of uptrend and we will invest with a great chance of winning. Dont doubt too much, look at the market cap of the total market to recognize that.

you are right, the trend right now is for the DEFI project, although there are some besides the DEFI project that has gone up because the fundamentals are good, such as other major coins, Ethereum, Ripple, Cardano, Tron, Litecoin also has increased, the Defi project is not a threat, but the positive side

I think that when we are seeing some major coins and they have no utility usage and I can try to take how EOS has already failed to become the next ethereum and some NEW defi coins have a better implementation.
Defi can be a threat for any coins for sure even for its chain that being used to build the defi too.

only a few will survive and this is the ongoing hype like 2018 with many ICO

the top coin remains a good choice for longterms despite the recent decline due to Hype DEFI
almost the entire DEFI is made on the etherum protocol while etherum has limitations in making transactions, we can see how the gas costs are very high, one of the bombers, if etherum 2.0 will delay again and a large dump occurs

At the moment, I think the defi helps the market grow, new people come, old people break the piggy banks, and all the top cmc are also good.

I don't agree that DeFi projects threaten major coins, such as Bitcoin, Ethereum, Litecoin and Ripple. It is true that some major coins
look stable now, but if you do a careful analysis, you can see the movement of the major coins also keep going up, although the increase
is not as fast as DeFi projects. So it's not proven that DeFi projects become threat to major coins.

Defi is an investment trend that has been of interest to many investors lately and can be seen that old coins of recent years often use this to make their coins rise. Defi can see the importance of Defi and certainly many new projects will appear soon in the future. What you need to do now is do research carefully before deciding to invest because investing in Defi projects is really risky.

Many of these old coins are going to die this bullmarket reason being that they offer nothing to the space and no one is actually using them, those that rebrand and adapt to the present reality would survive but those that do not would die, just check the front page of coinmarketcap in 2015 and 2016 and you will understand what I am saying

yes I understand what you mean, a lot of old projects can't develop because they don't have new programs like DEFI,
and the prices are still very bad, unlike the old projects that follow development, they have better value

Top cap coins aren't going down, people are just wishing for something that can never happen, DeFi is taking over but as time goes on only very few DeFi projects like chainlink will remain the same, fake Hypes is presently making unworthy projects looks worthy

The need to invest in Defi projects has been increasing dramatically in the last few weeks and has surprised me a little because almost any project is x10 in a very short period of time. I believe that the rise of Defi will help investors feel more optimistic when choosing to invest because this is a very good time to make a profit. However, you should spend some time researching before deciding to buy as there is always a risk if it's a new project.

2020 is just the beginning of the market revival, we will see a very drastic increase in Bitcoin and altcoin,
I am sure it will happen at the end of this year or 2021, make sure you have the right assets

Shit coins will die eventually and it is not a big surprise, re branding the shit coin will not make any changes, there will be many projects just to pump and dump and you need to identify and avoid those shit pump coins. If you look at the coin market cap the shit coins will change according to their development and new coins that have the potential will take over and what ever it may be make sure to avoid the shit coins.

For me it doesn't matter, let DeFi be entertainment in times of the gloomy market. DeFi is giving it a new color and I don't think it will take longer, as junk projects will quickly disappear. Enjoy this hype and it will all come back to the major coins

   I agree with you Cepot9, for me it doesn't matter as well. I think this around DeFi is just temporary hype, in crypto-market we have
seen these kind of hypes before and it always ends in the same way, many will just disappear, they are made to scam people and time
will tell will we have the same situation again, I am sure we will. Today we saw a drop in DeFi market cap, and I think people should be
prepared for worst when it comes to DeFi-market.

Defi was suppose to bring something different in the crypto space but unfortunately scammers have hijack the trend with bad intentions by creating fake defi project everyday in the market, with the way things are going, I don't see this trend to last long.

During the most recent hype we have seen bitcoin losing dominance over the market while ethereum won some points in that front which in my opinion makes sense, investors are always looking to make money and as such they left bitcoin and went for DeFi coins while they bought some ethereum as they needed it for the fees, however I do not see a massive movement out of those coins, many people in the forum are bitcoin holders and they do not care about any other coin and you are never going to convince them to sell and it seems institutional investors so far are only interested in bitcoin as well which makes it very unlikely the scenario you propose is going to happen.

DeFi projects don't have strong fundamentals like major coins, so in long-term of course investing in major coins is safer.
So I'm not sure DeFi projects are a threat to major coins, after all the hype that occurs on DeFi projects won't last long,
So my advice is that if you are already profitable, immediately sell the DeFi tokens that we have.

That is true. Most of these DeFis have no solid foundation.
Just look at their platform, almost all of them are saying they are in beta.
But how sure are you that they have actual development going on?
It seems that once this hype is over, they will also disappear.
So exit while you are already in profit, don't wait to be bag holder of worthless defi tokens.

Same as the ICO bubble when the only trusted and legit projects will exist and the crap projects will disappear with the time. The problem is how much money will be scammed by the scam defi projects. This is the main problem that must be the main concern by any investors in the cryptocurrency.

We know that the scam project will die and it will never exist but investors will have become the victims from the scam project.

I personally try to create more and more awareness about the scam project.
Dude, trend is always getting changed so fast.

I believe that the main excitement about promising DeFi projects has already passed and now we should expect a wave of fraudulent projects that only use the DeFi acronym and classify themselves as decentralized finance on purpose in order to attract as much investment funds as possible. You need to be on the alert and very attentive, but nevertheless this situation will in no way be reflected in the entire cryptocurrency market.

just look at the scam accusations board and you will notice that a lot of these defis have current accusations - plagiarised whitepaper, fake team, ponzi scheme and so on. we can't deny the fact that they are really popular these days. but if you will look at their foundation, only few of them have working platform. most of them are saying they are in 'beta' but of course we dont know the absolute truth regarding their actual devt. so guess what? a lot of these buyers will regret in few months time. because most of them will die down fast that they have no time to sell their holdings at a decent price!

defi made a lot of changes to the crypto world in its early days but over time it had no effect at all because many coin defi pumps are only for a moment and cannot last long then the price fell very deeply and hurt many investors, including me, my advice to invest in coin defi next do not be too sure check in depth and when you get a profit immediately sell because most coin defi are not suitable for long term investment

Yeah very temporary, nowadays many none Defi project have been push aside by some investors while running after the next new launch Defi project, but just like what the op said it is only temporary because soon the hype will be over and things will be back as usual.

Not to say even many major coins have strong fundamentals but yeah not even a single Defi project is built to last a year, or even months. Every one of them seems to be tweaking their formats and staking pools and LPs every few WEEKS now just to keep it semi profitable. Sustainability is nothing here.

A good suggestion and i would the say the same thing when it comes to exiting while they are still on profits or in green because once the hype is over then we would definitely see
some serious wreckage of portfolios for those who havent able to get out and do still believe into this DeFi market.

Im not saying it wont have a chance yet everything do really start on beta or development side but having lots in the market isnt significant or considerable which you can really presume
that majority of them are just garbage or just tending to copy on whats hot or new to gain some money but actually they dont really give out something beneficial.

If someone can took the risk then its their choice but getting out quickly and secure things up will really be a wise move to be made by someone.

Sad to hear but this is pretty common on where if theres gainers then there are losers that why its important to learn up things with those mistakes that you had experienced.

Take this as a lesson and be mindful or watchful on next time on where theres something new that do pop out in the market when it comes to trends.
This isnt the end yet there would be still lots to come.

It's not like these defi projects eating up the major coins market cap. these defi projects are not really a threat to major coin because as you can see this coin is a pump and dump coin for those who want to make quick profit but the rest of people are still putting their money in a major coin. The hype will not last for long just like ICO and IEO buy maybe in the future we will see an even better form of defi.

Im not sure if that can happen easily. When there were successful defi will still exist in the future and that means if defi trend will always exist. Just look at how the ico trend has been getting a lot of demand even there were a lot of scammers that have destroyed the reliability of the ico bubble in the past.

The defi trend will continue but it will not be so loud as this time. A lot of things will always have changed anytime. It can be forever and it's not only temporary.

DeFi isn't a threat to other coins. It might be if there was a fixed amount of money in crypto, and money going into DeFi took money away from other coins... but that's not the case. DeFi is drawing in new money. Also if we are talking about it being a threat to the top cap coins... the opposite is true in the case of ETH, on which a lot of the DeFi projects are running.

great speculative thread mate because you're right that Defi coins made a threat in major currency and even the whole top 100 coins.
there are many coins from Defi that has grow more than hundred or thousand percent in which i did not anticipate until it happens.
so you posted this in july and the run starts the end of august until now actually it is damaging top coins.
But i believe that it is going to end soon,now that the last quarter is coming and mostly in this season starts the hype of major currencies .

I don't think this is a threat from other coins but more hype which is still happening because DeFi is now taking a lot of advantage why people choose the DeFi project knowing it will last longer with the market capitalists available today so I think people will stick around and take advantage of that. greater than.
IEO will lose to DeFi, which is more trusted by investors.

I don't see the DeFi rise as a threat to major coins, Some of the top altcoins did look stable in their price movements when DeFi projects
went up. But the price of major coins is not experiencing a down trend, even some top altcoins experienced price increases, although the
percentage increase was not as big as DeFi projects. In fact, I predict the hype that occurs at DeFi will end soon. So there is nothing wrong
with using the hit and run strategy on DeFi projects, that is, when you are already profitable from DeFi projects, immediately sell the DeFi
projects that we hold. Very risky holding DeFi tokens in the long run, because the price can be dumped at any time.

The Defi project is temporary but it is not a threat to the major coins. This trend will end like the ICO, but unfortunately, we don't know for sure. But Defi uses a good moment to launch and makes people have a passion for joining the project because people almost desperate to make money from the project. People have new hope in this Defi project because they see the chance to make money after waiting for so long.

Using the current DeFi excitement, might be a good idea to pull out some money before the hype dies down. That's true people almost desperate to make money and now we have the opportunity to bounce back in the project. Yet, before that ensure the research on the project yourself.

Besides ensuring the research on the project, you need to know when to get out from the DeFi excitement so you can save your money and minimize the risk of losing your money. But I guess the DeFi will still exist until the next year, and maybe the next generation of DeFi will release in the next month. We can use the hype but we don't need to be greedy to chase the profit.

temporarily yes because in a week the market rattle because of these Defi coins blooming and stays for weeks in that position.

Now we can see that the situation subside and looks like the regular coins are now getting good again like Bitcoin and Ethereum.

i can feel that we are now starting to make a run since we are days away from october and in record that after halving this month is what the start
of Bullish days,Hope it will happen again this year.

Undoubtedly, in the cryptocurrency market, DeFi projects have made a splash and attract a fairly large amount of investment funds, But we can also notice that to some extent the DeFi hype is starting to weaken and, moreover, not all decentralized finance projects show good results, and among all these projects there appears a lot of fraud. And besides, the popularity of defi will pass over time, as the popularity of ICO has gone before.

It is obvious the DeFi hype is coming to and end and anyone still investing in new projects does not know what he is doing, it seems to be those people are in denial and it is why many of those projects still retain their value but as soon as people begin to panic I think we are bound to see a huge crash in the majority of those coins wit the side effect that this is probably going to make the price of ethereum to crash really hard as well.

i'm sure that defi is not like trending tool but mostly a great decentralized concept and it even will replace traditional centralized exchanges. i prefer to choose credible defi and especially - dex projects to invest   

same as me, i prefer to track only transparent defi-s, and moreover - try to look on credible dex-es

Now looking at the current moment, what can be said about DeFi projects? Are they really a threat to major coins ? I believe the answer is quite clear. DeFi made a huge hype and that is why many people made a lot of predictions and so on, but it is kind of funny to think that DeFi projects are capable of plunging Bitcoin and other top altcoins in a downward movement. DeFi made quite a good hype and of course enriched many people but currently the hype is gone and many of them are now finding it hard to grow, many of them are being exploited by hackers and most upcoming ones are turning to scams, which brings us back to the ICO era.
Nevertheless, in my own understanding, that a new trend starts is not enough reason to think it will lead to other top coins dumping, hence as you invest and listen to what people say to hype whatever they believe in, invest wisely and know when to take your profit.

oh so u might be interesting in new stablecoin dex - xsigma, just announced and they have cool team even from Ripple and Amazon

This is not really about destroying everything else, but more like "could it be high" situation. Surely it is not going to be as high as bitcoin, nothing is as high as bitcoin, but it could potentially be as high as maybe xrp? litecoin? bnb? Those are still valid, if not maybe tron? wave? I mean there are some defi that are already higher than those today.

So basically what I am trying to say is that, sure it is not going to end up going over bitcoin, but what do you consider "major" in a sense? because there are some defi projects which are already in top 20 list and that shows that they are already there and doing awesome. Which is why we come to second topic, what is "threat"? Do we consider these coins taking money as money lost from major coins? If you think so that means they are a threat, if you do not see it that way, that means there is no problem.

We cant deny that decentralization is always the best but in the reality we've been facing, we do much prefer on using up CEX which is clearly evident.

Rise of DeFi? I dont see anything special, there might be some projects which did succeed but most of them are just like into those ICO projects that had flooded out the market.
Its not a threat because this is just an another project that do focuses out on a certain key area.