Then I honestly don't know what it is! If this was released in 2017 everything would be mooning so hard now.
The market seems much more sophisticated these days. Less volatile as though patiently awaiting atomic swap capable side chains to be ready to deal with the scalability needed for mass adoption; while keeping transaction fees at a reasonable rate in the meantime.
It seems this is yet another example of the layers being built under the BTC architecture, made almost unalterable from its commanding heights of dominance in blockchain technology.
Different approaches are being put forward (even in such drama as the LN and Liquid opposing camps) the outcomes of which need not be an either/or kind of thing in my opinion.