Yes USD is still dominant but trade outside its SWIFT hegemony is increasing. Do we have the data for that trade? Mostly no.

US hegemony is now heavily reliant upon its legacy USD dominance and the seigniorage and interest income that provides. That legacy was built upon US trade and military dominance post WW2. US retains conventional military dominance but China is working on that.

China is in no hurry but equally via Iran and Russia it is demonstrating it can settle trade with USD/SWIFT sanctioned nations outside of SWIFT channels - and the Saudis and others are not blind to this.

China now sources most of Irans and Russia energy exports, at a discounted price, with the bonus that that trade funds wars with US allies, imposing huge cost upon the US military...while China also enjoys quasi captive markets for its exports to Iran and Russia. Sun Tzu would approve.

US power is based upon and dependent upon USD monetary hegemony. S.Korea, Japan, Canada, Australasia, Europe and UK are all monetarily and militarily subservient tribute states to the US.

But China has won the trade war- all nations must trade with China or suffer because China offers the best commodity prices and provides the lowest cost consumer goods. The West, even Japan, cannot compete with Chinese manufacturing. Historically and logically trade dominance results in monetary dominance.