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Decentralised finance, commonly abbreviated to DeFi, has been one of the most notable developments in the cryptocurrency industry this year, with companies like Compound soaring in popularity alongside a host of other start-ups. The rise in notoriety of DeFi is eerily reminiscent of the ICO bubble in 2017, which saw hundreds if not thousands of companies raise millions of Dollars in capital. The bubble historically burst in the early stages of 2018 with the majority of ICOs losing more than 95% of value within the space of a year. 1/ It’s now obvious that ICOs were a massive bubble that's unlikely to ever see a recovery. The median ICO return in terms of USD is -87% and constantly dropping. Let's ...
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