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YouTube is going to remove ad controls for creators
(support.google.com)
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Streaming video is NOT trivial.
Video files are big. There's so much costs involved in hosting, compression, transcoding, distributing across CDNs, and serving, that "free" tiers on those services are just not feasible long-term. Even a multi-billion corporation like Google/Alphabet was only willing to burn cash on that for so long.
PeerTube offloads distributing and serving across the viewers, so the more popular a video becomes, the more "CDN" its viewers provide.
It only has the "downside" of less control and the inability of the platform to insert ads, so all promotions are directly controlled by the content creators themselves, who "in exchange" only need a minimal server to host their videos.