I read the post lately, and I find it to have identified some of our shortcomings well. For now, I just want to have a rather superficial reaction to one point:
I don’t want to strongly disagree the fact that Polkadot has, in some places, fallen short in competing with its competitors, but at the same time let’s not forget that the “top 20” bears little meaning here.
The number of stable/memecoins that are in the top 20 has increased significantly since 2021, in this will naturally cause Polkadot’s ranking to decline.
If you look at the real platform (!= memecoins, != stablecoins, != those that are not even true web3 platforms, and are in it for the short centralized game, e.g. BNB), the competition has not changed by much since 2021, and in general does not look as bleak.
(If anything, Polkadot has somewhat surpassed Polygon, which wasn’t the case)
In any case, I would not be worried about a bunch of projects that are CLEARLY here for the short/mid term, being above Polkadot in CMC.