The crypto space's decentralized finance niche has reached frenzied status within the crypto industry, signaled by exuberant price highs and rampant speculation.
"DeFi is the new overhyped concept in Ethereum," MyEtherWallet, or MEW, CEO and founder Kosala Hemachandra told Cointelegraph in an interview. "The noise is too much, so everyone is just like running around trying to figure out what the next big thing is and then putting a ton of money inside without doing enough research," he said.