The crypto industry has boasted tremendous growth over the past year, largely thanks to the decentralized finance, or DeFi, boom. Some believe that the DeFi sector resembles the initial coin offering, or ICO, bubble of 2017. Others disagree, noting that the two eras are demonstrably different.
"At least in the 2017 ICO bubble there was effort made to come up with an idea to write a white paper on," derivatives trader, financial analyst, and YouTube host Tone Vays told Cointelegraph.