I think using word "misleading" is also "misleading".
Dragonfly hides complexity. Docker hid complexity of managing cgroups and deploying applications. S3 hid complexity of writing into separate disks. But you do not call S3 or minio misleading because they store stuff similarly to how disk stores files. Dragonfly hides complexity of managing bunch of processes on the same instance and the outcome of this is a cheaper production stack. What do you think has higher effective memory capacity on c6gn.16xlarge: a single process using all the memory or 40 processes which you need to provision independently?
It's misleading because, practically speaking, the type of people who are after the performance you advertise, are running clusters to begin with. So what you are selling is just a simplified stack that lets you not have to manage one more "system". That's fair but you could mention that? Or atleast acknowledge that if you repeat these tests with redis cluster the results will be wildly different and you wont have those crazy looking charts.
For example it's like me claiming that my new python web framework is X faster than Flask because it comes bundles with uwsgi. Yes, technically mine is faster, but its not a fair comparison.