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[pedrillo0]

All summer, and especially August, the market was booming with news about the super growth of tokens. Yeald farming, stacking gave crazy interest. New tokens appeared every day, the number of assets involved in this area was steadily growing. And what we see now:

source: @ceterispar1bus

Some projects have already reached -90%, yeald farming is no longer so profitable.

All large projects have fallen in price, not to mention any little-known tokens with low liquidity. Is the market entering a new phase?

What will this correction give us? The market will be cleared of all garbage and DeFi will be promoted exactly as a technology, as before, not just a desire to collect money from the crowd or should we wait for a second wave, as it was in 2017, when after the correction many alto tokens grew even more and then died forever?

Yes, as in any new business architecture, it has its flaws!

The DeFi also have risks, especially if they do not have a good work team.

In my opinion the DeFi are already dead ...

[Abiky]

Unfortunately, now DeFi is not suitable for ordinary users and scenarios for the type of loan to expand a business, buy a car or something like that. Loans in DeFi do not go beyond the world of cryptocurrencies, and are mostly made with the speculative goal of "making money quickly". And the cryptocurrencies themselves have not really received any official status yet. Laws are just being written for them. Therefore, it is still very, very, very early to talk about an alternative to banks.

In my humble opinion, the hype in 2020 under the brand "DeFi" is not over yet. To date, the ideas of decentralized Finance continue to excite fragile minds, setting new growth records and inflating the bubble. But if you look at it, there is nothing fundamentally new in Defi, most of the projects under today's label "DeFi" have existed since 2017-2018. But for some reason, in only 2020, they raised such a fuss that this is such a necessary, necessary thing today, and that tomorrow, well, the day after tomorrow, they will change the world, of course for the better.

That's certainly true, mate. The "De-Fi" hype is still not over yet. As long as the pandemic continues to struggle the mainstream economy, the hype over crypto and the "De-Fi" industry in general will persist. Despite "De-Fi's" many attractive features, it's still incomparable to traditional banks. What kills "De-Fi" are high fees and terrible performance (unlike its centralized counterparts). No one will use "De-Fi" seriously unless these issues are solved. The fact that most dApps rely on centralized stablecoins such as Tether and USD Coin, greatly defeats crypto/Blockchain tech's purpose in the mainstream world. Better adoption of decentralized stablecoins (like DAI) is needed in order to "exploit" "De-Fi's" true potential. Otherwise, "De-Fi" will become another banking system (Banking 2.0) as the rich reap all of the benefits.

Nonetheless, it's expected that the "De-Fi" will become saturated due to the extreme hype surrounding it. This means that stablecoin interest rates will decline as most people will be lending instead of borrowing crypto assets from "De-Fi" platforms. Some time ago, the Compound Protocol reduced its 8% APR to 0.48% APR for DAI. Stablecoin returns will not be greater than a bank savings account if APR remains extremely low. While now rates are around 2% annually for DAI, there are other "De-Fi" platforms offering higher rates to other stablecoins such as USDC and USDT. At least, "De-Fi" works as intended. Whenever it'll be here to stay or not, it's yet to be seen. Just my opinion

[Mdashraf446]

Yes, you are right. It once traded over $40,000. But currently trading between $12000 and $14000, at that time the price of Bitcoin is being traded at $15000 thousand. From this it is understood. defi hyip is over.

[luckyflop]

As long as UNISWAP has its simple rules for anyone to add some tokens on it, I don't think it's over yet, DEXes are growing every day with new features and they adopt so fast with new hype and then provide a good space for everyone to do whatever he wants, Bonce finance has introduced new pools , called auction pools and people can provide auction on it , and 1inch exchange just announced 5B$ volume today thanks to defi , https://twitter.com/1inchExchange/status/1325413152222289920?s=20 
As long as we see Big volumes like this in DEXes it means DEFI is still alive, DEX and DEFI helped each other and now going forward.

[kaneki007]

The hype is not yet over because a lot of scammers are still creating their copy cats projects. So it means, they are still getting some audience in the DeFi market. They will slow down once there are no more naive investors buying their crap tokens in uniswap particularly. I can bet, in the coming months, there will be so many worthless defi tokens in uniswap once this hype period is over.

No need to wait a few more months, now there are many defi tokens that are no longer worthless. I saw almost dozens of tokens released in a day on uniswap, btw I joined the uniswap list channel so I know there are lots of tokens released.

[sambuddha]

Yes, as in any new business architecture, it has its flaws!

The DeFi also have risks, especially if they do not have a good work team.

In my opinion the DeFi are already dead ...

In my opinion, too little time has passed to talk about death Defi. This was only the first wave of hype. In 2021, the second wave will begin - much larger than the first. I am sure about that)

[manfredmann]

Well, yeah big percentage of DEFI projects now entering the market are scam. So, this is the indicator that hyip is over and that scam has now entered in the form of DEFI projects fake crowdfunding activities. However, DEFI projects is also good and we can't deny that there are few projects of DEFI that is now operational and working just fine.

[Buttermellow]

No not yet, there are still exisiting DEFI projects that are still good and working fine as well. For me, there are DEFI projects that could help the growth of cryptocurrency like the UNIswap which impact the market of cryptocurrency. We will just wait and see what next project will become like uniswap that will be able to follow and get a good market like other DEFI Projects.

[TitanGEL]

Defi Hyip is not for long term investment, you will just the ride the hype and exit quickly. It is all about timing for me, when the Defi got listed in an exchange; you can see crazy volatility and you can participate in that volatility but make sure to quickly exit. Look at the defi that been listed in many exchanges in these past weeks, all of them are keep dumping because people are just joining and participating in hype so for me defi hyip is not for long term and for sure that trend will be finish and it will replace another type of investment. Right now it is the free money in the internet where you can get huge gains in just minutes or hours but there is also a risks where you can lose a lot especially if your timing is bad where you bought at peak of the price.

[Dollar_Hunter]

30 days back chainlink dumps to 9$ and today it's 12.48$, chainlink is a good example of promising DeFi project, it's use case ( Oracle Network ) is why this altcoin is so good, it's all time low was 0.12$, today it ranks on coinmarketcap is #6, very impressive isn't it? Do your own research and find the sleeping dragons

Links do have the best performance in their category, Link prices are of course helped by Hype Defi,
but it looks like the Hype is going to end, if you look at altcoin prices in the Defi category,
you can make conclusions, and Uniswap is now also having reduced volume.

[nomenclatur]

Defi's hype is almost over, for now, it is possible that the Defi project will have new ideas that are more profitable for investors because for now the Defi product is almost the same for their purpose and things like this have been read by investors, they now tend to be more interested in old altcoins which is more valuable than the Defi project, which has gone down, almost on average, the Defi project has decreased at this time and that has actually happened in all current Defi projects.

[nikola22]

I don't think that DeFi hype is over. just look at the CMC and you can see the growth of projects like Chainlink, Aave, yearn.finance and others. Aave grew almost 80% during 7 days and this is a great result.

[Kahoy01]

Defi Hyip is not for long term investment, you will just the ride the hype and exit quickly. It is all about timing for me, when the Defi got listed in an exchange; you can see crazy volatility and you can participate in that volatility but make sure to quickly exit. Look at the defi that been listed in many exchanges in these past weeks, all of them are keep dumping because people are just joining and participating in hype so for me defi hyip is not for long term and for sure that trend will be finish and it will replace another type of investment. Right now it is the free money in the internet where you can get huge gains in just minutes or hours but there is also a risks where you can lose a lot especially if your timing is bad where you bought at peak of the price.

it is not really for long term and usually those people who are buying defi are the traders or investors who want quick profit. Imagine that defi can increase more than 500% in just hours so it is really crazy to see that and for me it is the reason why a lot of investors like me are keep patronizing it. It is not yet dead and a lot of companies are still creating Defi HYIP and a lot of people are still patronizing it.

[Kezacky]

Defi has not yet ended, in fact every day the Defi project always appears in this forum. but you need to know that Hype is a common thing and as it happened when we were still in ICO where the hype was too high and most of the projects were pumping but after the hype ended everything turned red.

[abel1337]

I don't think that DeFi hype is over. just look at the CMC and you can see the growth of projects like Chainlink, Aave, yearn.finance and others. Aave grew almost 80% during 7 days and this is a great result.

yes in my portfolio that I created isn blockfolio, this week all my target defi project price increased, and by the way I am also holding 1 token now, but unfortunately it dump, waiting for some hype. Making the value stable is really hard for a project, it is always needs some influencers that will help them to shill and make the price go up. Defi projects can easily go pump, and it also can easily to go down, it all depends on their marketing capability.

[Smartprofit]

It seems to me that the hype around DeFi is not over yet.

Compound, Kyber, Chainlink, Maker, Aave, Gnosis are very innovative and promising projects.

The Ethereum ecosystem has united the best developers around itself.  These people will not leave for other projects.

Finance is something that interests all people on our planet.  Decentralized finance is a new concept.  This concept is just evolving.  I call this step "hypothesis testing".  

However, the money in the DeFi system is real investor money.  Some investors will profit from this hype.  The rest will suffer losses ...

Usually investors are more willing to risk their money in the spring.

In the spring of 2021, I expect a new hype related to DeFi.

[Strotman]

Let's hope that the hype is really over and now DeFi will finally become the tool that they were originally supposed to be. Now we can start looking at interesting projects for the future)

[imstillthebest]

Let's hope that the hype is really over and now DeFi will finally become the tool that they were originally supposed to be. Now we can start looking at interesting projects for the future)

when hypes were over people can now go back on the old timer coins but there will be less people that are left and they are those that are geniuinely interested on the utility of the coin  .  the rest of them would be on thier hunt again for the new created projects . having an interest on new projects are  fine but i think we should better be foccus on the projects that are already been here before . they are so many of them already , are we still not contented ? im afraid that the cycle will just repeat if we keep on praising new released projects , there will be another hype again after defi

[restuibu]

maybe it's still not completely over because I see there are still many scam projects that are late and still trying to fool everyone, but for sure the defi hype has died down, not crazy like last month

[kingzpro]

I am really happy about the fact that the pseudo hype is over and as it settles compeltely we will see all projects that surfaced to cash in on the hype will disappear so only genuine projects with passionate developers will flourish and that is what we need to see this market improving and moving forward. We need quality than quantity and healthy competition among top projects.