From the perspective of an average person it feels like a solution in search of a problem. Like outside of libertarians and people who are seriously into the tech, you never see regular people saying "you know, I could use less centralization in my life." Maybe crypto caught their attention for a while, but managing your own wallet is somewhat hard to understand, so they just went to re-centralized platforms like FTX.

And without widespread buy in from the public, companies have no reason to get into it. As others have said, it's hard to monetize a truly decentralized system. So the question is, who is actually asking for more decentralization? At the moment, I think the answer is almost no one.