My point was that "lack of investment" doesn't explain the standstill. If that would be the determining factor IRC should not have seen or should not be seeing any progress either. But we actually do have IRCv3 extensions and quite a few new implementations here and there.
There's something else hindering XMPP that it stands so still, alternatively it simply can't be improved.
I thought I was clear about that?
SMF also has not moved in 15 years.