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Things are still happening, it's just slow to adopt.
E.g.
https://www.ledgerinsights.com/nasdaqs-calypso-now-supports-blockchain-based-collateral-workflows/
There's a lot of work being done around tokenizing stocks. The 3 day settlement period would become instant for example. But that's no small feat to implement. That could be a decades long endeavor between all exchanges for example.
Also until recently, the SEC was hostile towards it all in the USA, with some pivotal multi year long court cases only being resolved in the past year or so where the SEC lost. (E.g is Ethereum a security or not? Well, now it is not. Now we also have the ETFs)
Ethereum only recently had some pretty big upgrades as well, which are going to be key to unlocking growth potential as well. A couple months ago they had a peak of 800 transactions per second, and the road map of these upgrades going to >100k (note these are including the level 2 networks that use the L1 ethereum for their security, like Arbitrum. Level 1 is somewhere between 15-20 right now. As L1 grows, L2s also grow)
I don't know when the killer app that brings everyone into daily use will happen, but more and more behind the scenes things will slowly adopt it and you won't even realize it. Like maybe when you do a bank to bank transfer, it'll be that Visa VTAP thing I linked above, and it won't take 1 to 3 business days.
Idk, they’re currently in use at financial companies and adoption is increasing. There’s still a lot of regulatory uncertainty though.
It doesn't have the backing of a powerful government unlike fiat does, so its effectively worthless in the eyes of the average person.
Unfortunately distributed ledger software never seemed to get used for what it should given the crypto craze.
I don’t know. But apparently “fintech” is still a thing - or at least there are ghost job descriptions for it.
I personally think what they do for general audience is way too niche and it all starts to make sense when you massively decentralize and switch to crypto for everything regarding money. Now do we see a massive surge in big P2P decentralized systems for end-users? I don't see it. There are few alternatives for some chat apps here and there and that's it. So maybe it's just too early. Prime time of this tech is yet to come. If someone builds a huge P2P cryptopowered platform level of Steam or YouTube that's when you should expect to hear about all this stuff solving real problems.