I mean, I partially get it... ETH and other such blockchains make it much easier to do things like tokens, which is difficult if not impossible with BTC.

The cynical case on that though is that 99.999% of the time, those tokens are outright scams, or tie back into something like securities that are ultimately contingent on State ownership. So then, there's no point in the Blockchain, because there's no need for censorship resistance, because it's all State-authorized anyway.