Goodreads is perhaps the best example of enshittification imo. It’s only good now as a way to track your reading lists.
I tried bookwyrm today and it feels quite polished already, like giving you a guided tour of it’s features. Hopefully it takes off as well similar to mastodon and lemmy.
I also use it for:
And, TBH. I do not see benefits of making booksread federated. But, probably, I miss something important.