Was anyone else hoping this would finally be the cycle where utility took over?

I’ve been in crypto since early 2017. I can’t say I’ve made a lot because I was a late learner when it came to profit taking. I was really hoping this cycle would be the one where memes would mostly fade away and people would start to genuinely care about projects with real working products and adoption. 2017 was all white papers, 2021 was mostly memes and here we are again 3 years later still mostly meme’s. I feel like there are more useful projects sitting outside the top 100 coins by market cap than there are in there. Take a look at origin trail $trac. They’ve been around for a long time, have an insane advisory board that with the likes of Bob Metcalfe and have a working product. Not only do they have a working product, they have real adoption and daily revenue that’s been sharply increasing. Meanwhile this project is under a 500 mil mc. I really can’t wrap my head around it. I can’t get myself to buy into rug pulls and VC pumps but maybe I’m just dumb or not cut out for this space. I try to convince myself crypto will mature but I don’t see any signs of it.