We (woodworkers) are not at the leading edge or "chasing the technology". Not even close. If you want to see what that looks like then go read a straight-razor forum and learn all about 0.025 micron diamond and CBN sprays. 0.025 um is somewhere in the neighborhood of half a million grit (seriously).
Japanese natural polishing stones range up to the equivalent of #30000 or so, and well-broken-in fine Arkansas stones are well up into the thousands, so what we're doing these days isn't even exceptional by historical woodworking standards. Anything much above O(#10000) has marginal benefit for woodworking, which is why the level of target sharpness hasn't moved much in literally centuries.
The main things that have changed are speed/productivity and the fact that we can now achieve good edges on more difficult steels. Silicon Dioxide (the abrasive in natural stones) has a Knoop hardness of about 820 (~Rc 64) so anything much harder than that was a lost cause until the advent of synthetic abrasives. For comparison, the Chromium carbides in D2 come in at a Knoop hardness of ~1700.