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Having been around the bsv space since 2019 here is my opinion.
1- We sued everybody, pissed people off and got de-listed from exchanges. As those delists happened we lost liquidity and other exchanges dropped us. Court moves slow , tech moves fast and court was also a loss.
2- As a result of the above, ending with COPA, Craig went farming, Calvin our billionaire backer went on vacation and turned over his social media to someone else without any pivot plan. Over time it appears he made cuts and stopped the funding flow to many if not most projects.
3- Lack of liquidity, especially in the USA makes it prohibitive for any large investment funds to maintain big positions in BSV. Over the years I've talked to 2 hedge fund guys, that were pretty interested in BSV but without major exchange support they couldn't invest even if they wanted to.
4- With all that's happened, the user base is too small to support many apps success
5- Loss of many key people who lost money and invested a lot of time
6- lack of a really good marketing plan other than "Craig is Satoshi"
7- TAAL making announcements about stacking BSV and not selling it then issuing quarterly reports to the SEC showing they sold almost as much as they mined.
8- Some of the most popular and well liked apps earned money for users like genuine retweets and the omniscape conference app but we haven't moved to create more opportunities to earn bsv.
Just some of many things but good stuff remains but need Calvin active, a good marketing plan for the movie and on/off ramps for the USA in particular as we lost orange gateway and rockwallet new version doesn't work in many states.

One more thing, BTC transactions also occur off-chain on Lightning so to say it has no transaction volume and is worthless is misleading and incorrect.

You could make an argument that off-chain transactions cannot be verified which could be important. Trump supposedly paid for a Burger with Lightning, if that purchase needed to be confirmed, perhaps to confirm his location at the time that could be a problem.

An argument could also be made for most users holding accounts with large financial companies in order to make those off-chain Lightning payments.

The conversation about users converting from BTC mainchain to off-chain and then back on-chain is relevant, if on-chain transaction fees eventually rise to somewhat replace mining reward subsidy the ability for people to move money on and off Lightning at all could be impractical or simply too expensive to do.

To rattle off the same thing without adding important information or context is tiresome, misleading and probably detrimental to BSV