Passkeys are built on the FIDO2 standard (CTAP2 + WebAuthn standards). They remove the shared secret, stop phishing at the source, and make credential-stuffing useless.
But adoption is still low, and interoperability between Apple, Google, and Microsoft isn’t seamless.
I broke down how passkeys work, their strengths, and what’s still missing
Ok, I’ll concede that Chrome makes Google a relatively more popular password manager than I considered, and it tries to steer users toward generated passwords that are credible. Further by being browser integrated, it mitigates some phishing by declining to autofill with the DNS or TLS situation is inconsistent. However I definitely see people discard the suggestions and choose a word and think ‘leet-speak’ makes it hard (“I could never remember that, I need to pick something I remember”). Using it for passwords still means the weak point is human behavior (in selecting the password, in opting not to reuse the password, and in terms of divulging it to phishing attempt).
If you ascribe to Google password manager being a good solution, it also handles passkeys. That removes the ‘human can divulge the fundamental secret that can be reused’ while taking full advantage of the password manager convenience.