The defi Bubble exploded
One thing that didn't happened good after the recent Kucoin exchange hack is that the hacker tried to sell everything on decentralized exchanges.
While the centralized currency such as USDT and other were successfully recovered
As a result hacker got panicked and sold majority of the tokens on defi exchanges.
While there is a new debate is everything defi should be necessary well early stages but the damage has already been done to the defi name and sapce.