Fully agree and given that the technology doesn't have any correlation with the price, being a developer in the space feels ridiculous because whatever technical decisions you end up making have no consequence in terms of price and therefore, no consequence in terms of adoption either (since most users just blindly follow price movements).

The market pricing feedback mechanism is completely broken. Developers have no idea whether they're going in the right direction or wrong direction. The market simply does not care what the developers are doing so long as the blockchain is secure. This is a very low bar when considering all the capabilities that blockchain tech can offer.

IMO it tells us exactly the state of things, what the big money investors want out of blockchain. They just want security so that they can use it as a store of value. That's it. They don't care about scalability (which implies that they don't care about mainstream adoption of crypto), they don't care about interoperability, they don't care about ease of use or ease of integration.

No no no. You can see what kind of future the big money has planned for crypto. It looks nothing like the future we were promised.