Hasn't the cryptocurrency adoption process already been emerging more and more sectors than before the DeFi hype and this era? In my opinion, this is not the beginning, but this is a form of development of how more people, parties, and companies and even governments are interested in and concerned about the world of cryptocurrency. Moreover, if it is about the mass adoption of using blockchain technology. It will be much wider than we think, not only about implementing blockchain for cryptocurrency but for many more sectors and systems.
I believe the ecosystem is now more mature than in 2017, in the ICO crazy.
However, I believe this DeFi farms will become the same thing as all those crazy icos: A big bubble.
True, the difference may lie in how developers create and prepare a project for real use, a more mature concept, and also a wider range of developments. And of course, both developers and crypto activists are increasingly observant and convincing about the new project. As well as extra caution when participating in new projects.
but as you said, the hype is still everywhere, just like this DeFi. We can't deny that DeFi has been developing incredibly fast. And this might be like before, just hype, bubble, and then it will fall again to be replaced by others.