English
A news that has been in the mouth of many analysts has been the significant increase in the price of tokens associated with the DeFi (Decentralized Finance) as Chainlink, Tezos or Aeve (there are more), whose price in USD has increased by more than 100% in a short time in some cases and exceeding the 4 figures in others.
Seeing this type of growth in a short time, as in the case of Compound who just started in June, we can remember the time of the ICO in 2017, which at that time referred to the birth of projects that today are Ethereum's ERC-20.
There are several things we have to keep in mind when we see this kind of important growth.
The first thing is that it will not go unnoticed, because its increase has already been catalogued as a "bubble" by some analysts, which tells us that it may already be in the sights of many people in order to take advantage of this FOMO in DeFi. For example in case of hacking to their platforms or in the creation of new tokens that claim to be "the next Ethereum or Bitcoin".
In addition to this we should expect that in a few months (if this situation of rising token prices continues), countries will start to make regulations (as in the case of the ICO before).
The second thing is that this increase in the popularity of DeFI tokens may increase the popularity of Ethereum, so as in 2017, we may see a significant increase in the price of Eth, although I personally think that this rise will occur anyway as we know the massive adoption of crypto by small institutions and investors.
I can't stop feeling "deja vu" with regard to DeFi, remembering how the situation was in 2017 with ICO.
Español
Una noticia que ha estado en la boca de muchos analistas ha sido el aumento importante en el precio de los tokens asociados al DeFi (Finanzas Descenralizadas) como Chainlink, Tezos o Aeve (hay mas), cuya cotización en USD ha aumentado en más de 100% en poco tiempo en algunos casos y superando las 4 cifras en otros.
Viendo este tipo de crecimiento en un corto tiempo, tal como en el caso de Compound quien apenas salió en Junio, podemos recordar el tiempo de las ICO en el 2017, que en aquel momento se referían al nacimiento de proyectos que hoy en dia son ERC-20 de Ethereum.
Hay varias cosas que tenemos que tener en cuenta cuando vemos este tipo de crecimiento tan importante.
Lo primero es que no va a pasar desapercibido, porque ya su aumento ha sido catalogado como “burbuja” por algunos analistas, lo que nos dice que ya puede estar en la mira de muchas personas para poder sacar provecho de este FOMO en DeFi. Por ejemplo en caso de hacking a sus plataformas o en la creación de nuevas tokens que alegaran ser “el próximo Ethereum o Bitcoin”.
Además de esto deberíamos esperar que en unos meses (de continuar esta situación de aumento en el precio de los tokens), que comiencen a realizar regulaciones en varios países (tal como en el caso de las ICO en su momento).
Lo segundo es que este aumento en la popularidad de los token DeFI puede aumentar la popularidad de Ethereum, por lo que al igual que en el 2017, podremos ver un aumento importante en la cotización de Eth, aunque yo personalmente pienso que esta subida va a ocurrir de todas maneras al conocer la adopción masiva de las criptos por parte de las instituciones e inversores pequeños.
No puedo dejar de tener la sensación de “deja vu” con respecto al DeFi, recordando cómo fue la situación en el 2017.
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I would say the difference is that I see DeFi still being with us in a few years unlike the ICO. While the present situation might be over the top, there really is nothing that is illegal about it. The ICO craze got the SEC's attention.
I view the DeFi movement as being in the hype cycle. While it is outlandish at the moment, we cannot discount the underlying idea (technology). I think it is going to take a while before the infrastructure is in place to really make it viable.
For now, it is a casino with people yield farming all over the place.
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Completely agree, the positive side of this "bubble" is that this may make the base for the good DeFi, but we still have to be very careful about the ones that will make it to the end. Just like any other bubble-like situacion, there will be a lot of projects that will fall and some others that will make a difference.
Right now we can only say that DeFi is getting many people's attention (good and bad).
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There is a lot of DeFi hype right now but it remains to be seen how that hype will go. Will it explode like the ICO's did a few years ago? Or will it make steady progress and garner useful things and protections, rather than reactive regulations to try and stop its progress? It will be interesting to see how it unfolds!
I personally think that DeFi came to stay but we still have to wait to see which project will make it through, it is still interesting to see how this movement goes
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