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Transformers are like blockchain: an interesting use of mathematical principles to solve certain problems in a novel way, where the hype around that core attracts charlatans and scammers and combinations of the two traits who claim that it will go on to solve totally different problems in such a way as to revolutionize the world we live in.
NFTs were the end of that line for blockchain where the machine started to eat itself. I can see a future, stable use of blockchain in some limited contexts, but cryptobros have always overstated the contexts in which that particular type of digital ledger can be more useful than other types of digital ledgers.
We'll see where the end of the road is for transformers, and what's left at the end. I believe that computer inference will always be useful in some contexts, and that the advances in huge models with absurdly large numbers of parameters have unlocked some previously impractical tasks, but I could also see that settling into a general background existence as just another technological tool for doing things in a world that still looks pretty similar to the world today.