The way to solve the problem of dependency hell is to version every function, and only call functions based on their versions, and ship every old version of every function. Then the application itself, or a dynamic linker, must find and execute the correct version of the function it needs to call. In this way, dependencies can change at any time, but every line of code will only ever call functions that they were originally built and tested against, because those versions are still knocking around somewhere in the dependency. You can upgrade a dependency 50 times but your application will still just keep calling the old version of the dependency's function, and so the behavior of your application remains the same while the dependency receives upgraded functions. You can upgrade any application at any time and it will just pull in the latest dependency, and continue to call the versions of that dependency that they need.
The basic concept for this already exists in glibc as you can ship version-specific functions and link/call a version-specific function. But literally no one uses it. To get widespread adoption and make the paradigm implicit/automatic, we would need to modify the programming language, the compiler, the way programs are executed, require lots more storage, probably new paradigms of caching and layering and shipping code. Package deps would become metadata in a build process, package management would become "scan all executables for dependent versions & download them all".
Nix OS is an attempt to work around all of this by pretending that the problem is just with the linker or the file tree or PATH or something. But it's simply impossible to resolve dependency hell entirely without versioned functions, due to rare but intractable intra-package dependency conflicts. And it doesn't address data model versions or network service interface version changes.
Containers are an attempt to work around all of this by literally having a different copy of the world for every containerized application. It works well enough, except again the boundary between containers is subject to application interface versions and data model versions changing. (The data model and code are basically the same thing since you need code to do anything with data) The only way to have dependency-hell-free containerized applications is if you version their interfaces/data models and have them call the correct version for other containerized apps [or network services], so again you're back to versions of functions.