In 8-bit mode it supports even fewer colors than GIF (GIF can combine frames to achieve thousands of colors), and in 24-bit mode it's larger than GIF.
For full-motion video it requires 10x-15x more data than VP9 to be decompressed by the CPU, and there's no hardware acceleration.
https://kornel.ski/efficient-gifs
There's false dichotomy between "animations" and "videos", mostly due to historical reasons and that older codecs (and AWebP) used 4:2:0 subsampling which made them blurry. VP9 supports alpha, 4:4:4 mode, and it's cheaper to decode (it's more complex, but using 10x less data offsets that), so it'd be best to forget that GIF and APNG ever existed.