As I said, in games there's always a need for fast, platform agnostic (and super low overhead API that just works). And I mean truly platform agnostic, PS4, PS5, Switch, etc. Those are new platforms that may or may not have ports of whatever else is "available" and "fast".
Bink fits the bill today and has fit the bill since forever. I don't see any of the alternatives having similar performance characteristics, ease of integration or availability on platforms that are more or less closed and there's no indication of them being open in the future.
In adition to that the switch cost is quite high so any other alternative has to be good, and I haven't yet seen a contender.