Bike chain lubes are mostly terrible, they are meant to work properly for maybe a few hundred miles assuming they were applied to a properly cleaned chain, properly applied and the weather cooperates. They all wear chains and chain rings quickly unless you are very good about cleaning and relubing your chain. 3in1 is still king unless you are racing.

I would expect WD-40 to work fairly well because it cleans the chain and gets the filth out of the links, filth is a big part of drive train wear and we really don't need much in the way of lube as long as things are kept clean and rust free so the links move smoothly.

> I would expect WD-40 to work fairly well because it cleans the chain and gets the filth out of the links

That it does, but it doesn't leave much lubricant behind, which you need for a properly functioning chain. As you know, you want something that will get between the pins and rollers and stay there, minus the grime that would turn it into grinding paste. Which is probably why some people swear by wax, but that sounds like a giant hassle.