It can be SOTA and still be garbage if there's nothing better (and there's nothing better, sadly). This is extremely exciting for anyone who's had to manage revision control for game devs.
Google still uses Piper, which started as a Perforce clone, though many people use it through a frontend like `fig` (try pronouncing ‘Piper HG’) or `jj`.
If perforce is the best there is out there for large binary asset management, then there is a blue ocean worth of potential improvement for git.
Perforce is a piece of crap, a relic of the 20th century that must die in a fiery inferno.