As I recall correctly, the following was a proposal was put up last october to promote chain utility:
Promote Chain Utility via Establishment of the Terra Classic Grants Program
This is the current status of the proposal:
It reads:
No grants recommended yet
It has been 5 months.
Any specific utility that is being built currently? @Jetam mentioned Terraport. Anything else?
Besides, staking is the biggest utility on chain which is already tax-free.