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In 2017 was the peak growth of crypto, it attracted many new users in the industry, many later left it after the deepest correction, but some have learned to earn and successfully entrenched in the blockchain industry since then, eg your bounty manager bubbalex ;)

Most users invested blindly in everything, there were a lot of identical and/or useless projects, everyone just heard that you can earn a lot and easy and tried to repeat this success. According to statistics released later, 44% of ICOs of 2017 were a scam.

Now the same thing is happening with DeFi, in my opinion. The success of several DeFi projects gave rise to a whole new milestone for the Blockchain projects. Most users who are disappointed with the long correction of the market finally believe in the bull market again and want to repel their losses and/or increase profits. In 2017, you could add the word Blockchain to the name of your project and collect a lot of money, now the same can be done by adding the word DeFi.

I don't mean that all projects are bad and they will fall, but I want to warn people. Despite the fact that in 2017 there were many good ICO projects that have been successfully developed so far, and now there are many good DeFi projects that will be developed in the future, most projects fail. Do not invest blindly in everything that is popular, understand the potential risks, think yourself and never follow others, it's your money and time.

I believe in blockchain technology, decentralization and decentralized applications and finance, but I'm extremely cautious about any hype, because when a hype runs out, some projects will close instantly and it's impossible to guess in advance whether you chose the right one. What do you think about DeFi? DApps are already proven themselves, will DeFi prove themselves too? Share your thoughts below

Yes, Defi if the new crypto hype, we need to be careful, will not take so long to the first Defi scam project appears, like happened with the Icos, it's just a question of time to something bad shows up in this Defi scenario.

Entirely ICO is not a scam but they got no value after that hype ends now the same going with Defi as well and I do expect the same thing will happen with these projects.Potential of these projects are only short term gains and for aure most of them will become scam as well.

Defi is a huge attraction of the market. Currently many people are interested in investing in Defi. Because investing in DeFI projects is making a huge profit. However, many people are suffering by investing in blockchain for some time. But they invested in the wrong project. When people are more inclined towards investment sites. But those started in 2017. But it was good. Since 2017, some fake projects have started. In 2017 scamming was more. The amount was further increased. So I think everyone is having a good time at Defi or blockchain.

DeFi is an alternative for investing, even this DeFi has a sizable volume in the market. DeFi brings changes in the development of blockchain technology. DeFi is an investment in the future that will probably be hype like ico in 2017. All investments have risks, so we must be smart in making decisions.

Throughout the ecosystems, there had been some sort of newly development strategies that emerges and become something to be hyped but failed at some certain point in time due to influx of start-up projects impersonating same idea making it a confusing states for investors. Before 2017 bull run the popular idea was the mining project which eventually fade away because of excessive inflow of newly project.
The same happened with ICO, IEO, AI, Big data, more, now DeFi (Decentralize Finance) erupting in the industry as new hype. Surely some DeFi project will fade away and many investors had already lost from fake DeFi projects in the space. Its just a matter of thorough research on the teams behind it, project development, and many more to research on. Conclusively, DeFi project hype is quite the same as ICO in 2017 but will fade away as ICO is gradually experiencing.

Yes the DeFi hype is same as of the ICO hype of 2017 and I believe that this is going to make the investors really regret that they came into rhe DeFi coins as it is going to fall really bad and there would be a huge market crash also when the DeFi coins would fall in the future, right now the prices of DeFi tokens are increasing because of the new investor money coming into these projects and once it stops then all the support would be gone and we could see a crash for sure.

I saw the ico hype of 2017. There is no calculation of how many projects came at that time. Most of these projects were created for the purpose of scam. And the scammers were successful at that time. Because lots of new people were coming into the market and most of them didn't know what the consequences of this hype would be. While the ICO hype was profitable for some people, the majority suffered huge losses.

Now that the DeFi hype has been created, those people have already set a stop target. I don't know how this hype will end. A bad environment can be created when it is finished. It's a good sign that something new is coming in the market, but some people find ways to scam people by misusing those new things.

DeFi is currently still looking good and I hope they can survive until they finally beat bitcoin because so far no one has ever beaten bitcoin after that DeFi appeared and the YFI coin if you know it has a good impact, with DeFi having limited support so making the price expensive and can beat bitcoin.

Well from a certain point of view both ICO and DeFi are very similar, there is an hype behind very similar.
With DeFi there are several projects, and what's is really different is the mechanism behind.
I mean in 2017 there was the fake belief that for earn money it was enough be one of the first investor a in a "decent" project and then resell immediately for a plus. Every project has launched specific campaign for early investors, creating a bunch of people able to receive money only for their ability to invest before others one.

DeFi seems that have created another type of product able to gather interest on cryptocurrencies. I think that it's a system that can bring more value then just a ICO (you can make an ICO also from a worthless token ...) but there is also here some speculation and there are daily too many "MEME" projects launched just to grab money from newbie or speculators.

Of course, there will be scam defi because the scammers will see as a new way to get money from the investors but I believe people are wiser now and also there are many individuals out there they quickly report scam project. Also, I have realized many of already existing projects created many of this defi tokens and the new upcoming one is the Flamingo token which was shared on the medium by the famous Da Hongfei https://medium.com/flamingo-finance/up-the-defi-game-introducing-flamingo-be3eb1c6c426

We should be very careful on hype because fake projects who live up on hype will not last long, but so far some DeFi projects are looking good I think DeFi is not just a hype this a technology that will add more features to Cryptocurrency adoption, I'm glad I'm into two DeFi projects in their bounty campaign Oikos is doing great in the exchange, peole should not miss this DeFi while it's cheap and this is not a hype words.

So you are saying defi project will surpass the total market cap of bitcoin, remember they don't even have any usage other than lending options and not own blockchai as well.It will be going to end before this 2020, don't forget my words bro!

After the price of some DeFi has increased a thousand times, it is already dangerous to invest your capital in such projects. And we can expect that the price will not be able to stay at this level for too long, it should go to a correction. And again, everyone will make a choice, just like in 2017, at what point they will stop and fix their profi

The hype of DeFi were too high, actually right now some DeFi project were doing pump and dump, it's too hard to monitor and decide what to do, so we should set a solid goal of what to do since they might be gone or no longer upproriate to hold like what ICOs are after 2017 hype.2017 Hype thought us that It's still better to buy projects that have a foundation and plans that will benefit till the future but it's also good to take advantage of some hype now to do trading as long as we are able to focus on watching or monitoring it.

Whether Decentralized Finance (DeFi) or not, all hypes are the same. They always end up leaving a trail of victims. We can't save everyone from falling prey to scam projects as some are very glaring of the scam they portray but the problem however is that most people who fall victims are greedy people who want quick ROI on their investment. Addressing the question in the OP, well, I don't think the DeFi hype is generating the type of buzz ICOs had in 2017. Mehn, that was a glorious year. Anything that had crypto to its name or logo sold out. Not even the so-much-trusted IEO had half the buzz ICO had, Lt alone DeFi projects.

The concept is really novel and great and so does the ICO, the idea behind ICO was to collect funds for producing real products but that is not what we saw as everyone wanted to raise money but never did anything substantial and the idea behind DeFi is having financial services without the help of banks and other financial institutions and the concept is really great but we should expect scammers to try their hand in the market as well.

yes I think at the moment defi projects are creating hype in a way that is similar to the 2017 ICO which is neatly called bullrun angon. But the question is how long will such a time last because the hype created by the ICO did not last long, so defi projects are a new idea. However, we will use the same amount now, but we need to be prepared because the hype may stop suddenly.

No, it is not the same because  the term ICO includes all projects where funds are raised mostly with crypto assets, this incluses defu projects. DEFI project fundrising is just an another ICO . Just the concept of DEFI is reltively new thats why they are the new hype.

Not really true. Only a handful of 2017 projects (less than 100) survived without the creator running away with their coins collected during ICO. Even though some of them had the real potential they didn't care about the investors and scammed everyone outright. Many manged to survive till the end of 2019 before the pandemic has begun and many ran away during the bearish market of 2018. Many ICOs made successful promises during the start of 2018 and some managed to achieve that, but some or the other insider of the startup played a game and completely destroyed the reputation of the company.

I remember Oyster Pearl, Sykfchain, Elysian and many others eventually turning out into a scam and the price of a coin plummeting below a few satoshis. All these projects had the potential and if they didn't scam the investors, they could have something good with the money collected during ICO. Now the Defi trend is similar to ICO trend but here many of the developers remain anonymous so that they can run easily during the failure. YAM was a stupid coin and everyone were warned that there the contract wasn't audited and the coin should be maintained at the price tag of $1. But none of the newbie investors listened to that and pumped a $1 coin to $160 before analyzing the bug.

Only a few coins like Monero and ETH (apart from Bitcoin) have a little potential in this world, apart from that everyone are forks or just a new shitcoin to scam investors

i wish to state that the ICO era was never a hype period for crypto but a normal process which involves funding for new project. every crypto projects is required to pass through this stage because funding is necessary to sustain and develop a project. at the same time scammers will utilize this opportunity to scam greedy ones. the same can be observed for Defi projects. this current era of decentralization of finance from the old model to the digital era is needed to transform traditional finance to the modern age. therefore The defi sector have come to stay and scammers will also utilize the same opportunity just like the days of ico to scam inexperienced ones.

ICO period was never hyped this way instead investors investigate and buy or you expect little hype but not like this Defi hype. Defi hype really caused many pains and users used the hype of Defi to invest hugely and ended up losing almost all and some though gained hugely. You can't compare both anyways but they are all for project assistance.

I agree and I think the word of caution against DeFi projects is very reasonable. It's obviously crucial that even if the buzz word 'DeFi' is being thrown around and dropped in many projects you still have to be cautious with your investments. Just because its DeFi doesn't mean it won't be a scam or fail.

So yh, best to keep these things in mind. And the analogy to bounty/ICOs is a good example where things have gone wrong when people didn't pay much attention to the details.

investors had learned a lot since the last time, i'm not sure if its the same as 2017 ICO. defi is different and because we learned from the past we might not at all invest to every defi and so the ones that are just making it good and legit are the ones going to survive. the new defi projects offered today could likely not get funds at all. but the ones already working are the ones that will have more investors.

You went straight from ICO to DeFi projects. You forgot to mention IEOs, which were very popular in 2019 and this year many exchanges continue to conduct successful IEO from time to time. And as I noticed, some exchanges (for example, Binance) began to actively attract the most popular or just very promising DeFi projects for placement.
At the moment, you can earn good money on DeFi, but it is the same soap bubble as in its time were ICO.

Investors had learned their lessons but we cannot remove the fact that this DeFi hype is just the same as ICO before. Yes, this is different, but as we can all see, DeFi suddenly get the hype that no one really expected just the same as ICO before.

I believe that something really similar is happening right now with DeFi projects but with the difference that people are not as naive as they were back in the day, you need to understand that at that time people really believed that a new coin could replace bitcoin and they were willing to risk their savings on that bet only to realize too late they were wrong.

The hype for DeFi projects is definitely there but it is nowhere near as big as it was in 2017, however once again scammers have taken over the market and now we are full of coins that make all kind of promises using the DeFi hype only to disappear with all the money of investors, so I will suggest to people reading the forum to be very careful because just as they can earn a lot of money with surprising speed by investing in the right project they can lose everything just as fast as well.

I think the case is different, last 2017 and early 2018 was when Bitcoin reached its ATH.

whereas the HYPE that is happening at DeFi right now I think is just the product of a group of investors who want to build their own DeFi project image.

I think like this because a lot of the market capitalization of the DeFi project doesn't make sense and I'm not sure the DeFi Project has any real interest.

I do not think so. DeFi may be popular but the hype is not the same as during the ICO first. ICOs were the best days of crypto in history, the market was becoming more colorful and bull trands were very long back then. if compared now maybe Defi is just a temporary popularity that will soon fade.

Here are my thoughts about DeFi projects: the last year coinmarketcap Hits 350 billion USD before this year DeFi hype, right?
I'm trying to find out that DeFi isn't helping yet to pump a coinmarketcap. Coinmarketcap hits only 750 billion USD in the biggest pump of 2018. This year coinmarketcap can't surpass 750 billion but volume can surpass for some fake volume.

Yes, it can be said that Hype Defi is not much different from ICO in 2017. and this is a concept form of the cryptoqurrency industry. but I don't think that the ICO hype has ended it's just that investors started to decline after seeing that ICO was no longer as profitable as it was in 2017. To be honest I am more afraid of Defi's hype, this is really crazy. I hope everyone is always aware of Defi's hype.

The hype of DeFi is quiet new and can’t still pump that much buy if they continue to pump in the last 4 months of 2020 then we can expect to reach that marketcap, anyway we still need bitcoin on this because that’s the biggest contributor of that peak.

DeFi hype is different this year because of their different approach and some of them offer a real business compare to the volume of fake ICO’s. Let’s just wait and buy cautiously so we can benefit from the DeFi projects as well, if this is just a hype then at least we make profit.

You will only be afraid if you will invest on these projects without doing any research or assessment.
Because right now, as they are sprouting like mushrooms, it is better to lay low when it comes to your investments.
Once the dust settled, you will see which DeFi projects are still standing.
I am seeing a lot of fake DeFi projects already and most of them are already in Uniswap. So be careful.

The ICO hype stays longer, I think that was over a year before it went down and ICO was big as it resulted to a bull run which helps bitcoin achieved it's ATH or if it was more bitcoin who contribute itself but I'm sure ICO plays a big role for the success too. Anyway, DeFi can't be measured right now as the hype is still here, so it's still on going and we never know when it will step and how big it would contribute to the market.

Bitcoin is trading at $11500 now, if bitcoin will reach $20,000, then we might say it really has a big contribution to the market and it could contribute bigger than the ICO previously if DeFi hype would still exist until next year.



And I hope they'll aware of the risk too.

 ICO is a new and effective investment method, many teams have raised enough capital to develop and realize their ideas, for example Ethereum. However, the ICO was abused in late 2017 by teams with poor competence or fraudulent intentions.
DeFi is like that, DeFi is our common purpose in the crypto economy, many DeFi projects have existed since 2018 and are developing very well. However, many new DeFi projects have emerged with a simple idea, with almost no valuable solution at all. It is almost certain that the new HYPE of 2020 will be DeFi.

actually every time there are updates to overcome the many scam projects so that it doesn't attract many investors anymore. but as change if the one who runs it is someone who really wants to cheat, then all forms of change will be meaningless. will sound good at first there will eventually be a deadlock. what is the difference from the ICO changed to IEO I see does not make a significant change.

Well, you may be true because both ICO in 2017 and current Defi are based on the Hype. Something like this cannot survive a long time and the Hype probably disappeares sooner or later. I can say that investing in Defi currently has the same risk as investing in ICO project in 2017. It may work at the beginning but after that we will see many low quality Defi projects which only take advantage of the Hype.

The hype seems the same but I think Defi isn't really 100% the same with ICO in 2017 if we consider the way in developing the project. I think Defi is much better than ICO in 2017. Defi has a clear concept and it becomes hype as it really offers a new concept for financial. While ICO in 2017 seems only hype because of the big expectation among people only.

There's a difference between the two, ICO which stands for Initial Coin Offering and DeFi which stands for Decentralized Finance the first one is a crowdfunding system while the second one is a decentralized platform, in ICO heyday people just accept any projects that come in and support its crowdfunding, DeFi is a platform that sustains decentralization of getting a loan or taking coins to generate profit, any DeFi based project can do an ICO and every investor are wiser now they are not looking on the project that does ICO they check the platform, between the two DeFi can sustain its growth, while ICO is being abused by scam developers.

Of course defi is hype which has been much profitable so far, lot of people made huge amount of profit by investing in some quality defi project and still it's all going in a positive way but in my opinion we must not have too much expectations with defi projects, it's better take it as an opportunity which may not be last long whenever its hype will be over.

DeFi and ICO have similarities in getting investors, they open bounties on bitcointalk, with all the same procedures. So what's the difference? Nothing.

Don't be fooled by a new project that seems very big and promises big profits, DeFi is indeed a new breakthrough in the crypto sphere, I hope he doesn't take advantage of the situation to profit himself.

The same hype, but it looks like the profit is more from DeFI in the past few weeks I see a lot of unclear DeFI but it can go up to 30x in a very short time and people who buy it early certainly get a lot of profit, but investing in projects like this It is very risky especially if you join DeFi project, which consists of Anon team.

I hope not, ICO hype was causing many loss for people in the past because many scam projects.
Now, many DeFi projects has been created in crypto, i think those are not just a hype.
Good DeFi projects seems very profiting in the future because stable coins value won't going dump.

No they aren't the same, ICO was a new crowdfunding strategy for new crypto projects and DeFi is projects utility that is now more attractive to investors and whales, it looks like crypto fans now understand how important DeFi (decentralized Finance) is.

Actually both have advantages and disadvantages both conceptually and the other and most importantly beneficial, and Defi is currently becoming a trend like the beginning of ICO and everything is going well and profitable for those involved.
and must learn from experiences such as the development of ICOs and must remain vigilant not to invest blindly because of big profits without thinking about the potential risks that will occur, learn from ICOs that will lead to fraud.

It may be so, because once ICOs were gaining immense popularity and a huge number of people were interested in various ICOs, and now many people are interested in DeFi, I am sure that in a couple of years people will come up with something new and DeFi will lose its popularity.

If what you are saying was true and why so many defi tokens can't be used on its own platform? as far as I know, if most of the new defi projects especially Y family projects were offering the staking ability, swap and there was no a unique feature that will be used to make its own token being fully used. The hype was the same with ICO.

For me it only shows that crypto is still finding the real use case and when it finds, everyone is amazed how sophisticately it solves the problem, but noone is thinking about the negative aspects. It is a new technology and we should be very careful with investing all of our money.

DeFi will bring lots of profits and still bring huge loss because many DeFi projects are overpriced lately and they aren't offering and good use cases than staking feature, be careful around DeFi projects

Generally speaking crypto is basically all about hype to draw the right attention, ofcourse we can also consider defi as such, lately the hype of defi project have grow so high now that almost all new project are going defi, lots of profit from defi project so it is very expected to see the hype keep increasing just like ico in 2017, but i feel it will also end like ico if it continues like this.

Almost all of the hyping defi were offering the same feature and there was no unique defi that has already created. I believe these defi will be dumped again to the bottom price very soon. It's just matter of time until everything will go to the red.

The DeFi hype is really strong at the moment.
Today i tried to join the OIN public sale and the 15.000 spots for reservation were gone in a few minutes.
Of course i was not one of the lucky 320 winners  ::).
But yeah times like that where you have to be lucky to be given the chance to invest, feel like 2017 again.

It even worse. Now in this hype much more money and this bubble could explode really harmful

seems different, because this time Hype Defi is very healthy,
many support for Defi because this program is indeed a good program, different from Hype ICO 2017

It takes some time before we know this but we old members are matured enough to know the difference, ICO is a form of crowdfunding while DeFi are governed by lines of codes and smart contract, I don't see the similarity at all, ICO  'is as is" they ask for our money so they can set up their platform, while DeFi is an interaction of smart contract, DeFi is evolving and I'm confident it will remain for more years, while ICO will be a thing of the past.

I feel the Defi hype is worth the hype because its the birth of something great and wholesome in the cryptocurrency industry and its worth getting excited about it. On the other hand, ICO's were simply projects that wanted to get funds from users for the purpose of establishing structures, but most ICO's were basically pumps and refined ponzi scheme, because several of them added nothing significant to the space, but carted away with users funds.

There's definitely a lot of hype about DeFi out there, and many people are looking to invest in DeFi projects without even trying to learn what DeFi is, just to stay in the loop. That doesn't necessarily mean that DeFi is overhyped, as there are many Decentralized Finance projects built on strong fundamentals and answering to real-life needs.

They were just comparing how the ICO kick start the rally and the DEFI which also started  the rally.  

What is unfortunate to this defi hype though is that there are altcoins that aren't climbing up. Unlike in the time of ICO where all projects are experiencing the bullrun together, nothing is left behind. This time, the ones you are holding back in 2017 are just staying as it is while the YFI is almost about to cross $40K. Projects UMA that you didn't even heard suddenly outrank the ones on top.  :D

I agree with you. The ICO was an old lesson, I think that every investor should remember this lesson well in order not to put his money at risks. ICO and DeFi are all financing methods so we should not be fooled by the hype. I think that DeFi has succeeded in its goals, so publicly, we should improve the choice of the project in which we invest, because not all DeFi projects will be profitable in the future.

It's not about finding the new use case as what already offered in various finance platform were not having so much differences with the existing platform. People are hyping it to pump the market and no more. You can see that how the pumped coin is going down again right now and it takes a few hours to do that.

The market is always about the hype. Same as what happened from ICO to IEO and now DeFi. It's not bad to take advantage of it but be cautious, the amount of reward could be great, but same goes with the risk. I remember ICOs around 2017 where most are successful regardless if it has a real use case or not.

Currently Defi is in hype but for comparison with ICO in 2017 I don't think the demand is that high, this is almost the same as IEO. Defi has succeeded in attracting crypto users because we are familiar with the concept of this system, coupled with the covid pandemic that has increased the cryptocurrency market. Defi is considered a solution to the country's economic problems and the benefits that the defi system provides have interesting benefits, I hope this hype lasts long.

I'm still not confidence that DeFi hype will be as big as ICO results of 2017 but anything is possible, instead of waiting and watching I prefer to take the risk and invest in affordable DeFi tokens because if the hype continues the profit will be massive.

Yeah. Since there is a lot of discussion about DeFi projects in the market now, there is a possibility to make a good profit. But it will require your proper research and the ability to find a good project. Because the market is now attracting people to the DeFi project, scammers here will definitely try to take advantage. So be careful here. And if any hype is created in the market, it will end in a bad way.

This is something really shocking and exciting as well because DeFi has proven to be even bigger because of billions already locked and it is still not stopping rather growing everyday and new and improved defi projects are also coming up regularly so looks like next 2 years or sp defi will keep booming.

Even if YFI crosses the $50K mark, it does not mean that this success will be long. The initial suplay of this coin was 20,000, then after the vote it was increased to 30,000, but the project does not have an actual limit on the issue of coins, that is, if people support the total number can be increased to any number, whether it is a billion or more. Any project must pass the test of time and prove its worth.

DeFi scam projects are already here but they aren't that hard to detect, those scam projects have nothing to offer than DeFi hype and useless use case, by doing your own research you can find out which DeFi project has serious team or suspicious team

In the case of this YFI DeFi project only time will tell, if it's real or not or just a hyped project we will know, it's just that the price is too high presently and buying it isn't safe, just how I feel about the project you are free to make any choices you like.

Just as you have narrated and concluded that is about researching the prospective project about to invest on because it is certain that every innovation that comes on the cryptocurrency space must have fake duplicate. From ICO, iIEO and now Defi "hype" projects. We just need to be careful in investment.

The hype is definitely not the same, if you remember correctly during ico hype even fake or scam icos were able to raise good funds and exit scammed the investors so the big money in the form of btc and eth was wasted.
While now, the money if flowing into defi which most probably seems legit because you are holding the coins in your wallet and everything happens in a transparent way through the use of smart contracts and everything is trackable so the chances of scam are low but still we need to wait and see how it all goes after a year or so we can analyse the performance and give our opinion on the authenticity of defi projects.

The hype is hype, it's not the same, but in essence, it's hype! I agree with you, we have more proven ICO scams than defi scams, but we need to give it more time and we will see what will happen, maybe we will have even more scams with defi projects, that is a possibility.
I would say there are some similarities, and many people just invest without thinking and researching. When it's hype you need to know that after the pump there will be a huge dump!

I'd never think it was the same.
2017 Hype is very aggressive and many people have gained a lot of money during that time. It was the time for ICO and the market is in the bullish but somehow, it was also a time where people changes their mind towards ICO as a non-reliable investment because after that moment, most of them are gone and many had suffered big losses.

This Defi hype is another market play, I'm not seeing it was a trick to catch the attention but as we continue to develop the market they'll find out that it was a good way to keep our fund safely and have our full control.

Right now, we don't have proven defi scams yet because they are just starting to be deployed. So still early to conclude for what's gonna happen but seems we are heading in that direction again, the time of ICO hype. Look at those DeFi projects that are introduced lately, either they have plagiarized whitepaper or fake team members. So ask yourself, where will this situation end up with? Your guess is as good as mine.

almost every year, we see a new technology in some projects. for now, DeFi was one of them that really hype. most of crypto project are DeFi now. but the hype has time, it will die soon or later. the new technology will replace it in the future.

Defi project was not new technology for blockchain, it just hype that controlled by many whales that unite to make market moved. i confidence it will not stand for long time.  next we will see blockchain technology that have low fee for each transaction  and it will adopted in real business like in banking system.

   You are right Denasha92! Every year we have some hype about something new, and it's great feeling to be here while that
happens around. We can say that hype before and hype now is the same, just some new things are getting the spotlight and
all of us who invested in some ICO's years ago and in DeFi now have a great experience and I hope great profit!

Imho DeFi hype is not the same as ICO. First, compared to the amount of projects that present themselves as DeFi, to a number of projects that ran ICO's. Second, the amount projects raise. Back in 2017 minimum softcaps were 1 million US Dollars, not DeFi projects tries to collect 100-500k. Third - the hype by itself. ICO's were super popular and new on the market, while DeFi is just a another different player in crypto, that competes with IEO who is more on hype.

It could be the same, following just a few successful projects now the hype is no joke. Almost everywhere you look at new projects, it's not that far from DeFi. Because it's the trend as of now. But will it also ends just like how ICO used to be back then? Sooner or later there will be another new type of tech on the future projects. Just like how there were a lot of scammed ICOs, we still cannot assume that DeFis might have the same path. I'm actually pretty interested on them, still I need more research, it's okay even if I were left behind the hype trend but at least I need to come prepared.

Let's just say that as long as the flywheel is promoted and more and more investments are invested in the project, then the dividend payments will go, but as soon as the new hamsters run out(in the same amount as now) then we'll see what's what

I participated in many ICOs in 2017, and now I also invest in many Defi projects. Basically they are exactly the same and get the big hype, but they still differ because the investors know how to recognize scam projects so only the best projects are there can be successful in this market

yes, I think the current Defi project is almost the same as the ICO project in 2017. but I will not say that some Defi Top projects will always be profitable for investment. As we all know that any form of fundraising project carries a risk of SCAMS, especially when Defi is still new. even I personally don't dare to invest money in the Defi project.

Currently Defi projects are doing greatly but I still see no reason to equate both. Doing ICO period it it well and later disappointed everyone. Defi us here and currently doing well and may also do so as scammers are all over the place searching for people to scam. Let's understand this and get it that comparing part and present can't help out because there's trace of scam in both from scammers.

DeFi projects definitely much different from the ICO hype in 2017 because not all ICO projects are not good for an investment. Unlike DeFi projects they are still in a bull run and they doing great the market. But both DeFi and ICO projects has the same huge numbers of scam or fraud schemes, that is why it is better to watch out on where you invest your money.

Sure, we have good DeFi project, but there is still high risks. For example, yEarn Finance token YFI already worth 19 130$, higher than bitcoin. The coin was issued on July 18, 2020 and started with $35. A month later, on August 18, its price had already reached $12,800, overtaking bitcoin. Today, the token has reached a price peak in the area above $19,000. In a month and a half, YFI rose by 50,000%. A coin that is only a month old is already so incredibly expensive, I could certainly be wrong, but this is the last coin I would invest in, too loud to call it a bubble, but it can't be anything else. Such a young project simply physically can't create such a real value in such a short period of time, this price is conditioned by faith in further growth, not by project development.

yeah, project Defi and ico in 2017 is almost the same today many Defi project that generates a lot of profit, but all can be temporary, not being able to walk in a long time is probably just hype will last 1-2 years all Defi program will have flaws and its advantage if the bitcoin prices down will affect the price of coins Defi I would not be surprised if the project Defi will be short enough hype.

Such a profit, which is now shown by DeFi projects, could be found in a small number of ICOS in 2017. Such a profit of 1,500,000% that Curve Finance showed us in such a short period of time, I do not remember any ICO in 2017. And there are a lot of such projects now, and the investor has a real opportunity to increase their investment.

The 2017 ICO hype is somewhat similar with the current DEFI hype/craze. Most new projects now are in DEFI category, old projects are going DEFI and even exchanges list DEFI projects more than they do for other projects just to get more traffic. Especially now that YFI is successful, all new projects want to add YF or finance to their name and also use similar concept as YFI. Well, I doubt if it's a bubble that will burst soon because some DEFI projects are doing really great with development, hence we shouldn't generalize all DEFI projects.

Agree, and actually there is defi project has already been accused of scam and that is Yam Defi, that went from $15k as its peaked and eventually turned out be a scam the following days, and there is another one Defi that seems to be in the boat as Yam, and that is Hotdog, from $4k down to $1.

It is indeed a hype.  Same as the IPO, ITO, ICO, and IEO.  Each period have its trending stuff that is overly hyped.  And now it is DeFi.  But I think, DeFi had been around for some years, it is just now that it took attention and became a hype.  



A sudden surge in price in a small duration of time can be considered as a bubble and YFI market is exactly match that discription.

These Defi is starting new in the Cryptocurrency ecology so far people are adopting supporting and investing in these DeFi based token it's obvious because of the traffic they brought in the Ethereum network, we'll see if these online banking will bring fruit or people will find a flaw to the system but so far they are doing great.

Of course, every new thing that appears in the digital world will be replaced with newer things that appear in the future. This is like skin regeneration in a snake, which will always replace old skin with new skin with more beautiful scales.

DeFi has had a pretty high hype recently, there was even a coin called YFI yatu yearn.finance (https://yearn.finance/) managed to give birth to a good record, as a baby coin that experienced a price increase of more than 700% within 1 month (https://www.coingecko.com/id/koin_koin/yearn-finance). Due to this incident, the hype for the DeFi coin became even higher than usual. Everyone is more interested in things that smell like money, than in science.

https://i.postimg.cc/CdTycj2Q/yearn-finance.png

And this habit should start to be eroded. I don't mean to eradicate the existence of the DeFi project, but what I mean here is to erode the existence of a very hype thinking with money without math.
Remember, that something that goes up fast, will go down quickly.

May be, i hope this hype are strong enough to bring back that crazy bull. Frankly speaking, Defi hype cannot compare to ICO hype now, ICO was fantastic and crazy in 2017, at that time, if you could success     to participate in an ICO subscription, it means you would make a lot of money from it.

Yes, there is clearly a strong hype behind DeFi similar to the ICO hype back in the days, 2017. I can't say anything right now since the market also quite weird with covid and few recoveries here and there but defenily, DeFi project still need more time to prove its worth to the crypto world.

I think DeFi has proven its value to cyrpto world because based on Locked Value USD, the estimate has reached $9B USD and that is an insane value for crypto world, but I don't know if in the future the Locked Value will be able to break the $10B or more, it can also be down from $ 9B USD to $5B USD perhaps, but I hope the Locked Value will continue to rise

In 2017, investors will participate in all new projects without studying it. But now investors are more careful and only participate in the best projects, which is why we have so few Defi projects in this market.

its almost similar because the ICO drive the price up. this time defi also drive the price up by grabbing more ETH from investors.  when you use ETH to collateralize, these ETH going into the platform and you hold a defi token that is unsure whether its protocol could really help you profit.  

when ETH goes up, your defi tokens wouldn't rise up proportionate to the platform's ratio. anyone who participated on defi must have realize it so its time to dump!

I think it is a pretty solid prediction that DeFi projects are going to follow the very same trajectory that ico projects did in the past, why you may ask? And that is because scammers are very smart and they are going to realize that this is the opportunity that a having waiting for to make a lot of money in a short amount of time and they're going to take advantage of it.

And as such they are going to release a bunch of useless projects just as they always do and naive people are going to invest in those projects just as they always do as well, for a short amount of time this is going to benefit the market until the market crashes and all of those people lose their money due to their greed.

Yes, in my opinion Defi is exactly the same as the ICO hype in 2017, it is clear that the current incident is that many Defi pumps are very unreasonable and see now, some Defi have experienced a very large decline, of course this has made a lot of people lose their money, only need to be careful with Defi hype

It is similar but at the same time it is not, it is similar in the way that this is a bubble and like all bubbles this will burst, we have already seen a little bit of that, the market is refusing to acknowledge the bubble has ended but to me it seems inevitable that we are going to see an even larger crash during the next weeks coming from those projects.

However at the same time I think this time is different people, back then thought that icos and altcoins will change the world in a relatively short amount of time, this is why the market was so huge and grew so quickly but this time I do not see that kind of excitement most of the money being invested in those coins has the only purpose of making the investor rich which means there was no way for this bubble to reach the same proportions as the one we saw in 2017.