Is crypto still supposed to be peer-to-peer cash, or has that use case basically been abandoned?

A lot of crypto discussion today is centered around ETFs, institutional adoption, and price. But the original idea was much simpler: being able to send money directly to another person without needing a bank or payment processor.

Do you think peer-to-peer electronic cash is still the most important use case for crypto?

Or has the market basically decided that store-of-value and investment products matter more?