Eh not quite and you basically said the same thing I did about Elrond/Durin you just used more words
For example:
Rhaenyra-
1)begins her arc certain that she doesn't mean much to her father as she's not the son he wanted.
2) Loses her mother and is faced with not only the betrayal of her best friend set in motion by the kings hand, but the fact that the marriage will undermine her place further.
3) reissured by her father by being named heir. She gets want she wants, but at a price. Now she is faced with the dilemma of finding a suitor to strengthen her position and further the targaryen line. She rebels against though she does want her place as Queen.
4) Eventually sees her position from a political perspective. Accepts that she has a responsibility to the realm and to her father, but begins to dig into the double life of people in power.
Her character has gone through big personal changes and development in just a few episodes. We started with a Rhaenyra uncertain of her future as heir to a Rhaenyra that's begun to mature into her role in the court.
Compared to...
Galadriel:
Doesnt want to go to Valinor because she wants revenge on Sauron. Maintains anger on the sail to Numenor where she can rage at the queen.
Asks a little nicer the 2nd time and gains their cooperation. Something we all knew was happening since she arrived. Still looking for Sauron.
No real changes to character. Maybe she's ever so slightly more diplomatic than she arrived? Future will tell I guess.
Nah I'm sorry man I don't see it. That's what I mean about spinning its wheels. Her situation hasn't really changed and the show his half over. I'm still not sure why I should care about her other than the fact that she's Galadriel and I know she's important in later more interesting stories.
You enjoy it, more (rings of, heh) power to ya.
For me, either they're purposefully padding for time since they want 12 seasons or whatever out of this or the writing team is a huge let down. I'm not sure what's worse.
But no more ranting from me. Back to finishing Better Call Saul.