ETH DeFi has had a great summer -- but it's going to have a *lot* of trouble scaling, especially while trying to maintain composability
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L2s will break composability -- which is a pretty large cost. They're neither composable with ETH, nor meant to hold a lot of composing apps within them.
Composability is a *huge* amount of the power of DeFi.
Devs: many ETH devs won't, some will. But there are also other devs
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while solidity is way more popular than rust within crypto, in the world more generally there are way more rust devs than solidity devs
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Also, I think it's important to keep some higher level context when you describe protocols.
You say "no one is fucking using Serum", I say "it's the highest volume DEX that isn't paying to inflate numbers".
Or, possibly, "no one is using DeFi, compared to CeFi".
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Or, you know, we could try to think about the potential of the projects instead of constructing arbitrary metrics by which to judge them and then mott-and-bailying whenever challenged.