Before, I used to see a kind of small circular red around folders and files which had been synced, which differentiates them from folders and files which are yet synced. However, I am not seeing anything like that anymore. I was wondering if that is how it is now or something is wrong on my side!
The odrive folders that are still placeholders (unsynced) will have a pinkish colored tab/border.
Files that are synced locally will have greenish colored checkmarks.
Folders that have files synced locally inside them and do not have any files that need to be uploaded, or files that are actively uploading, will show a greenish colored checkmark.
Try performing a installation repair with the desktop installer.
This could be a result of overcrowding in the Windows registry for icon overlays. Take a look at this post for more information on that: Icon overlays not showing up in Windows
It is possible that the odrive icons are being superseded by another set of icons.