Considering Matrix age, and precedents, my bets/hopes are for a new protocol to emerge as a “modern Matrix” (just like Matrix was marketing itself as “modern XMPP”).

Matrix just doesn’t have a great and smooth UX right now to compete with the main actors, the heavy protocol is to blame so that’s not something we can hope to see sorted out quickly/on time.

I mean, if you want Matrix AND that it works, you just install ejabberd or prosody and go on with your life. But then there’s nothing fancy to report or brag about, it just works.