Waves is overrated. There are many decentralized exchange projects. Waves' team is very lazy, they never work. That's why Waves will never be valued.
This is partly true and they could work more productive but it seems that they do not want to change anything and that they are satisfied with everything...
Waves need more ICOs on their platform, without it - they will not get good promotion at all. 99% of Waves ICOs were really shit.