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[drlukacs]

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?

As far as I can see, it's time for the Defi trend to be extinguished.  It was like any trend, started with a super big bubble and it was quickly extinguished after a few months.  The list above is missing Hakka, UNI, DIA, ... all of which have not seen any recent growth.  So this is a quite risky investment time for defi projects, be careful.
P / s: In my experience, the end of the year will be the time when the whales sell off to prepare for the new year, and that will be the official end of the Defi trend.

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[jonatha28]

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.

For sure it is an expected correction after bizarre pump caused by UNI drop.
It will take up to a month (my personal prediction) for market to settle down and figure things out - I thing bigger hype is on the road, defi projects are yet to be really practical, so there is a room for improvement for sure.

[xOdiumNostrumx]

I highly doubt that the DeFi hype is over, this deep price dive was pretty much inevitable as some DeFi price action was totally ludicrous and irrational, so I would say that this is a buying opportunity, an opportunity to bag HQ projects like Band at a major discount. That being said, I would stay away from obscure DeFi projects for now, they may not survive this current bloodbath.

[masterrex]

The Defi hype is slowly fading away, thats why we can expect more dips in the following days in those Defi base tokens, But I'm sure many investors are still stuck in those previous price peak particularly in YFI token I hope they will be okay, that was the negative effect of overhyping it cost you a lot of money.

[lienfaye]

I highly doubt that the DeFi hype is over, this deep price dive was pretty much inevitable as some DeFi price action was totally ludicrous and irrational, so I would say that this is a buying opportunity, an opportunity to bag HQ projects like Band at a major discount. That being said, I would stay away from obscure DeFi projects for now, they may not survive this current bloodbath.

Its not going to be over soon, it will take months or years or until another hype came to get the attention of the investors.

Anyways if you know a defi project is really good (by conducting an extensive research) then go ahead and take advantage the price dip because its an opportunity to make money out of it.

[arabianhorse]

Yes, You are right. DiFi falling day by day.

[G.Belaci]

I wonder if the hype is really over or just the price has been stabilised?

Read more about the latest news about Defi
DeFi Tokens Plunge In A Wide Sell-off, Is This The DeFi Bubble Burst?

[LogitechMouse]

Yes probably the interest for DeFi is end, probably we will have a new hype for a new airdrop like UNISWAP. I hope that great projects will come out in these weeks because for me defi is only scam, declared scam

I still remember the time when this UNISWAP airdrop is all over here. I also saw some in social media platforms.
I didn't join to this airdrop because I already said to myself that I will not touch anything related to DeFi until the hype is here.

Base on the picture the OP has posted, most of them are below the initial price already which is like what most of the ICO projects did way back 2017. Pity for those who invested and got hyped in the DeFi?? Hell no. This is a lesson to them that don't invest into projects that already hyped unless they know when to enter and exit.

The hype is still there but it is decreasing gradually.

[themohit]

Yes, You are right. DiFi falling day by day.

Are you new to crypto? Its not like a gold or most of stocks - it is a volatile market, and at first it looks like the end of the world.
But eventually, it will be good for most of crypto investors, unless you a) fomo sell on the dip b)fomo buy when something already blewup and mooned.

[laredo7mm]

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.

Now Some people will come with a new idea related to DeFi. The hype is gone and smart people make money in this hype. I can still remember a tweet of vitalli. He said that DeFi investors are ignoring the risk of smart contracts. He knew something like this will happens and now we saw project go -90% in a few months.

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?

Only strong project will survive the next phase. The market will clean up all the garbage project surely and DeFi will remain as a technology.

[sayulita]

Yes, You are right. DiFi falling day by day.

Are you new to crypto? Its not like a gold or most of stocks - it is a volatile market, and at first it looks like the end of the world.
But eventually, it will be good for most of crypto investors, unless you a) fomo sell on the dip b)fomo buy when something already blewup and mooned.

A lot of scammers were taking the advantage of the lack of regulation in the DeFi market and were doing notorious activities by scamming people by creating fake DeFi projects and on a daily basis a lot of new projects were announced due to which it became very hard for the investors to find the right projects to invest in, but now these scams are going down in number and I guess in future we will see lot more genuine projects than these scams. Everyone is including the defi name in their projects to get cashed on the hype as well.

[leea-1334]

I still remember the time when this UNISWAP airdrop is all over here. I also saw some in social media platforms.
I didn't join to this airdrop because I already said to myself that I will not touch anything related to DeFi until the hype is here.

Base on the picture the OP has posted, most of them are below the initial price already which is like what most of the ICO projects did way back 2017. Pity for those who invested and got hyped in the DeFi?? Hell no. This is a lesson to them that don't invest into projects that already hyped unless they know when to enter and exit.

The hype is still there but it is decreasing gradually.

You did not need to join it,,, you automatically had it if you even just had a Uniswap account but yeah I got nothing since I never even touched uniswap or sushiswap or any swap. This is all a big game for a few people and the millions of players do not realize they are about to reach Game Over very soon.

[redsun114]

Right from time I used to say that this hype will die off. This is not the first time that I am seeing new ideas and projects being released and being hyped. And you will see lots of investors rushing in because they are thousands of APY, and at the end everything will come crashing. Like they are being called: yield farmers, that’s their only plan, to make money and then they will dump it on small investors and leave the project.

Some of the so called DeFi projects doesn’t even seem reliable, and what I don’t like about most of them is the fact that their founders are always anonymous. Anyone that’s investing in these projects has to be careful. It will be difficult for them to recover this time around after the crash.

[michellee]

With the bitcoin price moves now, it seems the DeFi starts to increase too. We can see that the project is trying to lift the price, although it is slowly, the other DeFi project can jump to the high price. Maybe the DeFi project is still rising until the next year, but that will only happen if that project still has supports to make the project survive in the market. We don't know when this HYIP will end, but we can use it to profit from the DeFi, so you can be ready for this because who knows, the next week will be good for us to make money.

[gwapoinside2]

I think the defi ecosystem is acting contrary to what you think. Actually I am expecting the defi platforms to have an uptrend these coming days. The projects adopting defi are getting more and more in numbers and I am thinking that it is getting more and wider awareness. Once people accepts the idea I am sure we are in for a bullish run.

[Abiky]

This was bound to happen. From what I have noticed, in the cryptocurrency sector the tendency is to cash out from new innovations even before they are being developed properly. DeFi is a great idea and can go wonders if implemented properly. But already too many players have attempted to enter this sector and to make quick cash. They fail to understand that you need to have a working product first, before you can try to encash it. Gone are the days when people would we willing to pay you millions, just for a good idea.

That's certainly true, mate. Since most people are in it for the money, they throw all of their life savings on "De-Fi" platforms with the hopes of getting a quick buck. Many have taken the advantage of "De-Fi's" high interest rates, saturating the industry. Remember, with high risks, comes high rewards. But human greed goes above all else, leading towards many undesired losses in the long run. At least, people will get to learn a lesson once they lose all of their hard-earned cash. "De-Fi" is still experimental with its ups and downs every once in a while. We'll have to wait until the space matures in order to determine the stability of "De-Fi" platforms.

For now, it's best to focus on "De-Fi" tokens with low interest rates in order to reduce risks as much as possible. Getting profit is not guaranteed, since "De-Fi" is based on current market trends and algorithms. But if you play your cards right, you'll be able to succeed in this wild and crazy world of crypto. During "De-Fi's" early days, you'll see many platforms come and go. But only those with real use cases and mainstream adoption, will thrive in the long run. I believe Uniswap, Aave, and Compound will remain alive while the rest will go down the drain. In this period of uncertainty, it's best to proceed with caution. Just my thoughts

[RealMalatesta]

I am not sure if it ended, I really hope it ends very soon and I do not want to see it continue forever but I am not sure it is there yet. We need to talk about how defi is not what people think it is a lot more in order to make people realize that they are investing for the wrong reasons, we haven't done that yet.

There was so much hype around defi that people are still getting involved because they think it is going to make them rich over night, obviously it is not going to make them rich over night, but they just get in hoping that they will be super wealthy when they sell, which is wrong.

But, why do they do something wrong? Why do we know and they don't know? Because we have been around a lot longer or because we can see logically while they are new or they are hyped.

[ragavancoin]

It should be fine with upcoming days because we know that when any new things come to crypto market it will be go to all times higher than others due to hype will created by the investor, so after that hype it will be fall like that what you you showed at your post and I hope it will bounce back in near future.

[CarnagexD]

I am not sure if it ended, I really hope it ends very soon and I do not want to see it continue forever but I am not sure it is there yet. We need to talk about how defi is not what people think it is a lot more in order to make people realize that they are investing for the wrong reasons, we haven't done that yet.

It's not dead I can tell, in fact twitter is full of DeFi project promotions, there are new defi projects announced their starting date this year. Why you're hoping to end it? lol it gives the crypto market massive movement making it to appear in mainstream media, the only thing I hate about this is that they congested a single network ( ETH ) and generating high fees for the past months. I remember sending $2 in ETH and paying $3.23 fees for it *facepalm*

[bttmember]

Natural organic grow this what attracts me to invest in any coin or project because prices going up too fast is a sign of un-natural and un-sustainable growth which will get reversal and deep corrections as well and seems to be the case with most of the defi projects as well. I hope we will see organic growth from now on that will depend on project acceptance, userbase, popularity and business volume.