It's really like 312, but the amplitude is not enough.
Let's review the market. Isn't the surge at the end of last year and the beginning of this year a bit like the surge in the first half of 2019? There is no breakthrough at the application level, and it is mainly driven by funds and speculative sentiment. Now it has collapsed due to external events, until the central bank cuts interest rates, the summer of DeFi, and the real bull market comes.
The time frame is different, but human nature remains unchanged.
What is DeFi in 2024? It should have appeared.