It isn't 100% MRI 3.0 compatible[0] and wasn't able to run Rails at first. It's also not always faster for Rails which occupies a lot of Ruby mindshare.
Some things are expected to be slower, for instance constantly redefining (monkey-patching) methods or constants is slower on TruffleRuby, but that's typically because the program is broken and so it'd be slow on CRuby as well.