Is Denuvo actually winning? What's the current state of scene vs. repacks?

I've been out of the loop for a bit, but looking at the recent releases, it feels like Denuvo is becoming an impenetrable wall. I'm not talking about the hardware/performance impact (we all know that's a mess), but specifically about the scene's ability to crack it.

It seems like the big repackers (like FitGirl or DODI) are mostly posting updates or older titles, but the new AAA games with Denuvo are just... sitting there.

Is the "Denuvo is dying" narrative just cope? Are there any active groups or individuals actually making progress on current versions, or have the DRM devs finally won the cat-and-mouse game?

Would love to hear from someone who actually follows the technical side of the NFOs. Is it a lack of interest, or has the tech just become too complex to bypass in a reasonable timeframe?

TL;DR: New Denuvo titles aren't getting cracked and repacked like they used to. Is the scene dead or just waiting?