DeFi story will end up like ICO & tokens after big hype from 2017. mass creation of new ones where just where only every fiftieth is perhaps worthy of attention. in a year or two, we will have a new trend, called by some other name but the essence will be the same.
Announcements (Altcoins) > Tokens (Altcoins) child board is enough, just my opinion.
Some ICOs turned out to be pretty valuable. Ethereum being one. I think some of the DeFi rails will probably stick around. PancakeSwap & Uniswap being likely candidates. Most of the actual coins they trade are garbage though. Coins promising tens of thousands of percent for staking but with no liquidity... As more and more chains pop up, I think DeFi could end up being a useful part of the crypto infrastructure. It's good tech. If the market continues to fragment instead of consolidate, that is a real possibility. Especially when you consider the metaverse and gaming could bring all sorts of very popular tokens to markets where the owners may not have access to a bank account. Right now there's just not much of value there, so people are pump and dumping everything.