It seems that the strong DeFi wave is longer than we think, the community continues to have steady profits from the lending protocol or farming from liquidity pool, this is not a bubble because the source of profits is perfectly clear.
In the future, as the crypto winter happens, maybe the number of transactions will decrease, the value of transaction costs will decrease, the profits from liquidity pools will decrease, the interest in DeFi will decrease, but that is not in 2021. Because even if the bullrun ends in the 2nd quarter 2021, number of transactions will be very large when people sell to take profits, the profit from the liquidity pool is still extremely large.