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[FloridaKid]

DeFi hypes are still very much alive but not as strong as what we've seen in the past so I won't use the word 'over' , i believe that DeFi market is presently facing corrections which I was expecting already, coins don't go up forever, there will always be correction times

[7788bitcoin]

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?

Like some here i missed this boat completely and i am sure many made a healthy profit in these before these major correction. First thing is that it was inevitable that the market would correct as majority of the projects were built upon empty promises and the prices were soaring without any substance and i was wondering what makes them valuate like this.

Lets see whether these projects will recover with bitcoin rally in sights anything is possible.

[Bitcoin-Pro]

IMO, DeFi is over, we could see return to old good altcoins.

[Marble777]

It will not end unless there is a new program that can replace the system like Defi. I mean like ICO, then ITO, then IEO, then DEFI and the next is still a question mark. But if you want to follow market trends, especially Defi, get out immediately after getting enough profit. Staying in the hype for long is not a good decision. I remember FOMO.

[tvplus006]

From my view Defi is still in uptrend and now we have just correction

Look for example at YFFII, very interesting project, before pump, stake working,

Maybe it will be next YFII ( But price is 100 times smaller )

And what interesting things you saw in these forks YFFII and YFII, which were created in order to distribute among those who did not have time to buy a YFI token at a low price. The YFI developer himself said that this token is useless. Then how useful can it be the forks?

[serjent05]

I have been expecting this kind of event.  The sudden surge of price means a quicker decline of it since the market cannot sustain the price.  The worst, big holders often see the opportunity in the surging market to take an exit and dump their huge stash resulting in a price crash of the DEFI market.  To those optimistic of the DeFi market, they will look at this as an opportunity to bag more tokens but I would say that we must be very vigilant and observant always do your research and do not fall for the hype.

[Zeehaxan]

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?

It is good to see market settling and i personally support organic growth rather than some quick growth due to just hype and big expectations.
I think good defi projects will sustain and in two or more years defi market will grow substantially big into a super new crypto based business.

[albon]

DeFi hasn't reached it's top yet. There are still projects popping up nearly every day (from various food coins to other clones). Most of these projects have absolutely no value and won't be around long term. It really reminds me of the ICO hype in 2017, but this time it's even worse. Hopefully some serious projects will come up pretty soon.

If you guys want to check if a new DeFi project might be another scam, I advise you to check the  Scam Accusations board here in the forum. DeFi scams get exposed there almost every day and our community is doing a great job fighting these scammers.

Yes, I agree with you, DeFi still has time to correct and to determine the top projects that will be based on it, the hype has not ended yet, we will notice the time at which this hype ends when DeFi heads the market and when we have enough innovative projects that will benefit from this system, and we will be able Carefully choose the DeFi project in which we will put our money, but now there is a risk and we should not rush and you must gain experience in uncovering the project accurately.

[reza7777]

Maybe the defi hype is not completely over but now the defi hype has lost its popularity a bit and I predict that at the beginning of the month until the end of the year the 80% defi hype will die, only those who have large volumes can survive

[KimmyF]

I can’t say that defi projects hype is over because there are still new projects pop out even in social media. People are still going with the trend just to earn money from it.  The best thing that we can do is not to fall in these trap although there are still some good project. Imo, possible the hype will subside eventually and only those legit projects will remain in this industry.

Still I'm not sure if this DeFi hype is over or not because I saw so many legit projects like dfinance. We know that still some ICO are getting successful in this correct time. Bitcoin correction time isn't over yet, so we don't know the next move of new altcoins. Our privacy always needs in future with more security, which is found in only DeFi projects.

[MainIbem]

... not just a desire to collect money from the crowd ...

Most of these new concepts are designed as crowd funding technique. They have no real-time application so when the developers have got enough subscribers, the project begins to wind up.

[Hippocrypto]

Maybe the defi hype is not completely over but now the defi hype has lost its popularity a bit and I predict that at the beginning of the month until the end of the year the 80% defi hype will die, only those who have large volumes can survive

Defi has not yet come into hype and we can't expect larger volumes to come at the first place these days. As the previous bounce of cryptocurrency market, no all coins had soar during those times but rather fall back down after quick market crash. Popularity wise, I do believe it really influenced many people and still more famous nowadays. We only need to be more consistent on our asset and wait for market to recover slowly.

[Danslip]

The current DEFI hype has many similar points like ICOs and the new trend is not over yet, unfortunately. After the Uniswap craziness, the prices were pumped and many centralised exchanges have listed UNI for trading. The new projects will not spot at this point, so I still look for hidden gem altcoins in order to invest more. When the right time arrives, I will dump on the market rate before the end of the hype. The way smart trader take risks is same in all market conditions, it is easy to learn but very very hard to master. In volatiles markets, the prices can change 10% faster than blink of an eye. Considering this, day trading in HYPEd altcoins is very risky. Inexperienced trader should avoid to trade volatile DEFI coins.

[tanjiran]

The total cost of DeFi tokens collapsed by 25%. And trade volumes collapsed by 30%. Santiment analysts presented their data on the subject:

~

most projects go through a fantastic, rapid rise, then fall free. like fast food, it's good to eat when it's warm, when we lose that timing it doesn't taste good anymore. We have to really understand this ecosystem, if we are just hooked on FOMO without preparing a strategy and analysis, let alone just relying on luck, then we can't survive. Cryptocurrency is full of surprises, but don't insist on getting on an already fast-moving train.

[dimonstration]

THE current DEFI hype has many similar points like ICOs and the new trend is not over yet, unfortunately. After the Uniswap craziness, the prices were pumped and many centralised exchanges have listed UNI for trading. The new projects will not spot at this point, so I still look for hidden gem altcoins in order to invest more. When the right time arrives, I will dump on the market rate before the end of the hype.

Monitoring throughly all your DeFi investment is the key to really earn from it. It is hard to monitor the DeFi projects prices before since the hype is too much that prices changes too high in just days or within that day. It also affects the market too much whenever an investor dump theirs many will follow. We should learn from ICO that it's not good to hold too long in new projects so we need to check it and study their graphs every now and then as well add more time alloted for DeFi news and also in some events of other DeFi like Uni Airdrop or any news related to not miss any event that will changed their price too fast. The popularity is getting slower this time since there are already DeFi projects that make names and prove worthy in terms of trading already but still many is able to earn from new DeFi projects even the hype isn't not  high by dumping it early when they already earned.

[hulla]

Maybe the defi hype is not completely over but now the defi hype has lost its popularity a bit and I predict that at the beginning of the month until the end of the year the 80% defi hype will die, only those who have large volumes can survive

Defi hype is not over neither did it lost it popularities and if you check the capital market and coingecko youll different new Defi projects listed everyday. I think what happening now is that there competition in the Defi market so investors are now splitting their investment in other not to miss the potential others Defi project pose. However, if the reason for this topic was because of the down trend in the Defi market, that means you guys don't understand every crypto in the market experienced the downtrend.

[manfredmann]

Yeah I do think so because there are no current defi projects now that has been going well except for few ongoing project that has been brought by legend users here in the forum.

I think defi now will be changed for NFT, there is a thread here that has been started already for a new better than ICO, STO, EIO and Defi. Well, we can be sure unless all will going to be implemented and see the result that could be done.

[djmixen]

I think it is still moving at the moment in terms of this things dude, Although the price of YFI recently almost reach more than 35k$ each but right now it dumped more than 50%, meaning those investors who bought in between 20k$ up 30k$ are now obviously cried out due to already loss their profit.

[justdimin]

Seems that hype was just for a short term I didn't even manage to invest on DeFi and yet most of the projects are turning red now. Does is still have a chance that some DeFi project will stay long?

There is always a hype when something new comes around in the crypto community because people have a hidden FOMO which enables them to invest huge as soon as a new technology comes in the market and when people heard that the whole finance system and the banking thing is now going to get decentralized people were curious and excited but the truth is that it is not as easy and worth as it looked initially, I am still hopeful it would be good and the use of the the technology will bring some great tokens and projects but it looks just about flat now.

I am fond of reading various articles and videos about DEFI and one article I recommend you to read is - https://cointelegraph.com/news/defi-hype-has-just-begun-says-neo-founder because it has made some good points and it comes from the Neo founder so has some weight on it.

[rodskee]

source: @ceterispar1bus

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

Seems like there are already falling from the hype but there are also staying strong like Polkadot and Chainlink in which until now is in Green zone.

i remember the Thread created for that Sushiswap last month when the price is really blooming but now?the thread is already silently no post at all.

I think it is still moving at the moment in terms of this things dude, Although the price of YFI recently almost reach more than 35k$ each but right now it dumped more than 50%, meaning those investors who bought in between 20k$ up 30k$ are now obviously cried out due to already loss their profit.

maybe OP is just pointing that Majority of this Defi coins are now in fall,and those still in good positions are the legit one and may stay long in terms of rankings.