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Boom and bust: How are Defi protocols handling the bear market?

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Building during a bear market is common advice, but what are DeFi protocols up to during the downturn?

has been one of the fastest-growing sectors in the crypto space since its emergence in 2018. However, like many other sectors, DeFi has seen a negative impact in the current bear market.

This leads to the question: Which protocols will usher in DeFi's next generation of technological advancement, and which won't?While the ants are busy storing food for the winter, the grasshopper is busy playing his fiddle and singing away the summer. Finally, when winter arrives, the grasshopper goes to the ants for help because he is freezing and hungry.

So, it seems reasonable to think that the protocols focused on hype and profit are the most likely to fail during a bear market, while projects focusing on creating real user value are more likely to survive.

 

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Only the strong ones will prevail, and the money motive projects will absolutely fail during these times

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