YouTube hasn't had the same meltdown as Twitter and Reddit, which might explain PeerTube's relatively small scale.
The meltdowns I mentioned brought a lot of attention to their Fediverse alternatives, but YT hasn't really had such a meltdown because Google is somewhat smart and knows not to rock the boat too much lest they have a Twitter or Reddit moment.
Google is definitely at a moment where we are seeing their true intentions; what they've always wanted to do: DRM for the the web.
The difference between this and Twitter though is that it isn't as visible to the average user. The average user probably doesn't even notice much less care about about what Google is doing because they just want to endlessly scroll Instagram.
That being said, I absolutely hate what Google is doing with this internet DRM proposal and everyone should be outraged.
At least Twitter and Reddit's meltdown only affects people who use those platforms. Google's DRM affects the entire web.