Are lightweight cryptographic algorithms suitable for constrained environments?

As a cryptocurrency and finance practitioner, I often encounter scenarios where computational resources are limited. Given this context, I must inquire: Are lightweight cryptographic algorithms truly suitable for constrained environments? These environments, such as embedded systems or IoT devices, often have stringent requirements for memory usage, processing power, and energy efficiency. Do lightweight algorithms, like those designed for such environments, provide adequate security while meeting these constraints? Or are there trade-offs that must be considered when choosing between security and performance? Understanding this balance is crucial in my field.