Is Gen Z really not participating in hookup culture?

We all know that hookup culture has become the norm, and everyone's just looking for casual sex these days instead of seeking meaningful long term relationships. On the other hand, there's plenty of studies saying that Gen Z is having less sex than ever, and that they're rejecting hookup culture and opting out of the dating market entirely. So which one is it? As a single millennial (28M) who's trying to find a long term girlfriend, it does seem like most women I've met aged 24-30 prefer casual flings over actual commitment these days, and it's easier than ever to find a hookup. At the same time, it's harder than ever to find a girl who isn't jaded and is actually willing to settle down. Maybe it's just a millennial thing though. I'm curious to hear the actual experiences of Gen Z folks. Are you actively dating? Do you participate in hookup culture? Or have you checked out of dating entirely?