Serverless adoption is rapidly increasing, with nearly 50% of companies planning to switch to serverless architecture in the next year, according to Forrester. This trend is driven by its benefits of increased agility, scalability, and efficiency for customer-facing applications and critical workloads. The phenomenon of serverless has prompted a report highlighting key trends, insights, and benchmarks essential for anyone building a serverless architecture. Experts, including Sheen Brisals from The LEGO Group, share their perspectives on the current state of the industry and its direction, discussing challenges such as organizational mind-shifts, vendor lock-ins, tooling inconsistencies, and cost complexities. Despite these challenges, experts are excited about the future of serverless, with advancements in event-driven architecture, consolidation of platforms, and a growing community. The report aims to debunk common serverless myths, including the notion that it brings complete cost savings, eliminates vendor lock-in, or is a magic solution for monolith problems.