One big reson why the demand is low is because 1080ti or rx580 can still service 95% of gaming needs so what's the point of upgrading?
RDNA3's lower end chips, once they hit the market, are expected to further improve on this.
Most gamers won't upgrade to the current RDNA3 chips, because the current RDNA3 chips are top of the line, expensive, ~300w monsters.
I keep eyeing a new build, but realistically, I know it’s just a vanity project because so few games will take full advantage of the better hardware. My favorite games in the past years could have run on ten year old hardware.
Performance per watt has really come a long way since GCN.