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No, I don't think blockchain is overhype but one thing I know is that blockchain won't solve all the problems in life. There's something called human nature and as long as it is there it will always factored in some problems that blockchain wont solve.
But what I would say is that even the brightest mind in the blockchain space now don't even know how much we can do with the tech. Everyone are just speculating, but so far we've not even had a tip of the iceberg. We'll run a lot of trial in different projects. Some will fail at the beginning, some will succeed, other's will need to collaborate with other disruptive tech like Ai, iOT, automation etc to be able to bring solutions.
Right now, the blockchain space is like a virgin real estate but unlimited. So, is blockchain overhyped? No. We are yet to see what the blockchain is truly capable of.