True - but I still found the app incredibly slow and frustrating to sync for a long time. In my case it's 'limit bandwidth' for upload option never actually worked - so if I ever put a large file in to sync it completely strangled by network.I think it's matter of months for a M1 native app to be out. Keep in mind that % of Apple M1 users is way below significant considering entire base of Dropbox users.
It's browser interface got worse too - I swear I used to be able to right click on things and get a nice context menu but eventually i had to start checking on everything and finding wherever they placed the action buttons etc. (Admittedly, the browser interface frustrations I had could be something particular to my browser/machine).
It could be a bit of nostalgia kicking in but I remember loving Dropbox and finding it such a joy to use until about 2016 and after that it became an overpriced pain in the ass. iCloud definitely not perfect either but at least I'm not paying for 500+ GB of storage I don't need.