Why decentralized oracles are not performing in the market while smart contracts are?

I am sharing whatever performance and growth numbers I could find. Chainlink being the leader in this space is being used by 401 projects. Even though we see TVL, hiring, smart contract industry, DEFI grow, the market cap of decentralized oracles has not caught up. What can be the issue here?

1) TVS (Total Value Secured) - TVS stands around $49b which is 51% of net TVL of the smart contract industry. This means smart contract industry is heavily dependent upon these oracle projects.

https://preview.redd.it/tzo6154xfcad1.png?1572&format=png&auto=webp&s=8be6fe338e75f42ad9be82e03f0fc455645aeae7

Source: https://defillama.com/oracles

2) Market performance- This has not been great which can only indicate two things, either they are undervalued or investors think they will not be an important part of the smart contract growth.

https://preview.redd.it/fto3dhzbgcad1.png?1424&format=png&auto=webp&s=cf650b4eb695241747fe8fd8e57770934e9f9031

Source: https://botsfolio.com/crypto-investment-calculator/premade-portfolio?premade-coin=Decentralized-Oracles&period=5+year

3) Industry growth - Defi went from 16 users to 60 million

https://preview.redd.it/832bl5e1icad1.png?934&format=png&auto=webp&s=2ebd052095cd3337806f978139db367ec22635a2

Source: https://dune.com/rchen8/defi-users-over-time

4) Job Growth- From 5,000 jobs to 120,000, a growing number of jobs in the sector is a signal that the industry is expanding.

https://preview.redd.it/zgihmt4gicad1.png?680&format=png&auto=webp&s=4b7aa876b018a83b0ba2bf67f7c90f987205807b

Source: Multiple job platforms