There are legitimate issues, which is why I highlight ongoing development, but:

1) medium-of-exchange usage in broad crypto is low outside of stablecoins. So Lightning is operating with that backdrop.

2) Many people wanted to use Lightning fully self-custodially, and perhaps it was over-marketed as such. It’s a 10x or 100x scaling improvement for bitcoin between entities, but there are still limitations for small users. Which is where it can combine with other tech.

3) The numbers are actually solid relative to how private it is, with no speculative token. Pure utility. Slow burn adoption.