The big ugly problem facing the crypto space:

Will any of the products and protocols funded by speculation use cases have any use at all for mainstream use cases?

Do Curve or Aave or DAI matter for people who aren’t using the blockchain like an underregulated casino?

I think the lack of legal clarity is the primary reason we don’t see mainstream use cases. At least more so than the tech not being able to provide them. Fwiw, DAI has like 700m in RWA backing I think

Definitely. Regulatory uncertainty has slowed down customer and market discovery. It also acts as an entry filter for the industry: how risk tolerant are you? Filters out the cautious people, lets in the gamblers.