No.

To have a decentralised network, you need a lot of servers storing some data and a access algorithm thar searches for the pieces. There are a lot of hard problems:

• you need various copies because each node can go offline any moment. This works for pirated DVDs, but not for social media posts.
• you need to store a lot of the network in each node. The user needs to contribute to the network. Few people will donate GBs of storage and bandwidth to use a social network. You will get only a few enthusiasts.
• search is a nightmare nobody have really solved.

The architecture is good for storing and distributing many copies of a few very popular contents (and shines in torrent) but is bad for storing, searching for, and accessing many unpopular and mildly popular contents.