Peertube is based on the Activitypub protocol and can federate with other instances just like Lemmy/Mastodon.
Odysee is a decentralized blockchain-based video-sharing platform.
If you'd like to monetize your content, Odysee would be the better option due to its own cryptocurrency for tipping.
I personally like Peertube more, as I think it is better moderated against right-wing content.
I would say PeerTube looks like the best alternative to YouTube. I haven't explored it personally but it is on my to-do list along with standing up a Friendica instance. I've been off of Facebook since 2017. I've been off of Twitter since November of 2022.
Peertube for sure. Seems to work great whenever I try it, but I'm not a political extremist or European so most of the instances I've come across aren't interesting to me. I would recommend starting your own instance, but also YouTube is YouTube because they actually pay creators if that's something you're looking for.
I like odysee as well since its the only alternative that has lots of content. However the video performance sucks(I don't blame them). I like that I can contribute to the network.
I wish odysee content was available on peertube. Because peertube performance is good and I'd have no problem Donating to my instance host.
I’m really curious to see if any of these options can pan out long-term. It’s extremely expensive to host video, and it seems like it could be a real challenge for federated video hosting to take off at scale. I’m hopeful!
Pipes is a great way to view YT content without logging in. No ads, clean interface, and you can log in to save playlists via cookies on your local machine, so no interaction with the server. It doesn't use the YouTube API, so Google can't say much.