Too many people got burnt during the last cycle peak and I think its reputation has been completely destroyed. Any semblance of technological innovation was dwarfed by the scams and damage it did to everyday people.
Its now a certified “Decentralized” casino, and no amount of hype will change that
It's primary utility is the same as it has always been --- speculation. Current price levels tend to suggest the supply of new/easy marks has played out.