Yes, it similarly just builds around developers storing the code in the database layer. Forms is still around, with some giant companies relying on it, but of course, it is slowly dying. APEX is also 20 years old already, but based on the web stack. This choice aged perfectly, so it went from a niche inside Oracle to now the default application framework inside Oracle around 2020. Oracle Forums[0] is build on APEX for example.

[0]https://forums.oracle.com/ords/r/apexds/community/home