Please yes FSM.
"Is the flat design trend finally over?"
As a recovering UX/IXD person I recoiled at Material Design. As an older person with older eyes, I flailed and actually wept (eye fatigue) at Material Design.
Contrast and information scent are good! In most cases! Okay!
Citations needed: "Modern logos are usually flat due to their readability"
https://uxdesign.cc/is-the-flat-design-trend-finally-over-1e531ceb0ffa