The focus on meme coins might be a sign of a lack of serious projects or innovation in DeFi currently. Investors might be seeking high-risk, high-reward opportunities even in a volatile market.

The world of Decentralized Finance (DeFi) has been witness to a curious phenomenon in recent times. While the broader cryptocurrency market experiences a downturn, meme coins, known for their whimsical nature and internet-based origins, are experiencing a surge in popularity. This unexpected development raises questions about the current state of DeFi and the motivations behind investor behavior.

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