DeFi will follow the same path as the Internet. In the early days, it had the reputation for being a haven of porn, hookers, and drug dealers. That wasnt an inaccurate assessment either. We also went through the dot com era where there were a plethora or people, nefarious or not, who got large sums of money and never built anything. However, in spite of it all, the Internet grew and forged ahead. Today, we know there are a lot more use cases even through there is still porn, hookers and drugs online.
DeFi (crypto in general) has a lot of the scammers and people who are just trying to scalp a buck. We saw a lot of that in the early days of email too. It seems new technology brings out the wolves and some of the non-knowing sheep will get eaten.
With all of this, crypto-defi-nfts, we have to separate the mania from the underlying value that is being built and created. This is not determined by looking at market cap or pricing charts. Alas, that is where most are at.
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