Sometimes I wonder if people not in crypto look at the valuations of all these protocols worth hundreds of millions of dollars (on paper) that no one has never heard of before and can't help but think crypto is one giant ponzi scheme

probably closer to one than any of us would like to admit tbh

What people need to understand is crypto,blockchain technology and DeFi are still tools in the hands of the human race 
And for as much good it is known for, we always find a way to perpetuate evil with it 

It's just a translation of the flaws financial system caused by man as we know it into web3