DeFi was a new paradigm for Ethereum in 2020 ICOs were a new paradigm for Ethereum in 2017 New paradigms like these drive gigantic pumps. Did it eventually crash? Yes. But it pumped A LOT first. The question you should be asking is if the new paradigm is saturated yet or not.

That bubble chart is pretty inaccurate because there are two VERY different stages to "new paradigm", it's not just one thing. Early new paradigm where you get 10x returns Late new paradigm where you baghold -90% I'll let you figure out which one we're at...