What made DeFi summer so special?
It wasn’t merely a cyclical inevitability—that was the dog coins. DeFi Summer’s secret sauce was the multitude of projects arriving simultaneously, delivering a strong proof-of-concept for a BIG idea. These projects were typically:
- Composable and synergistic
- Liquid, often bootstrapped tokens: Instant feedback loop: here’s cool idea, it could change the world, go try it and ape. No rumor->raise->PR cycle->points program->TGE->unlocks cycle.
- PvE: yield farming ofc was PvP. But the cycle at-large was PvE. You had n