Do people who dabbled in DeFi back in 2020-2021 really have the same "passion" for it now? Remember when APR was calculated by the second? 🤣 Now, APY isn't even 10%, yet they're constantly trying to take my principal away 😓. I just regret not seizing the opportunity back then 😭.

TVL is still quite high, roughly half of its peak in 2021. The main issue is that activity levels aren't as high as they were back then, but the DeFi bubble is basically nonexistent now.

Most TVLs nowadays are built on stablecoins. Back in 2021, it was all piled up with shit coin 🤣 The gap is quite large.

Yes, but there are probably more nested dolls now than before. You deposit one coin, lend out another, and then add liquidity, etc.

A friend of mine also lost his principal while mining.

😂That friend you mentioned looks kind of familiar, is that person in your mirror?🤣

Yes, back then it was called DeFi Lego, now it's called stablecoin investment 😂