Decentralized derivatives are the main dex project we are definitely in a cryptocurrency bubble. The reason people over-evaluate bubbles is because no one outside of cryptocurrency niches will miss them if they disappear tomorrow. There is no clear path to a killer application that can go mainstream. Although Dex performed well in the market the demand has decreased a lot. In the case of derivatives will take a long time to get started Bitcoin is better with a huge amount of transaction processing.
what are you talking about, do you even https://defipulse.com/? Uniswap will replace Binance. If you cannot see this, then you are not willing to understand that from a financial point of view, the fate of man has been irrevocably changed by freedom to trade. Decentralised trading will become as essential as internet is now.
No KYC is whats driving this. Now this may come as a shock to you, as you probably have never changed any mass of people's lives in a meaningful way, but making a simple experience simpler is the definition of beauty. Are you not close enough to a good thing, to learn by its example?