I think it was the inevitable outcome. Because of the extra steps it takes to set up wallets, multiple password keys, and similar, the vast majority of people drawn to the platform were doing it for some kind of financial gain.
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This isn't really conducive to building an attentive audience long term, because the moment it's not profitable for them as well they drop off.
Hive isn't what it once was, and because of that the ability to keep an audience here's gone
Isn't it a problem everywhere? average attention span lowered to naught due to rolls/tiktok/etc. ppl who stay interested seem to be rare, and it was like that 2-3 years ago. Has anything really changed? Maybe it's ambient "impeding doom" feeling that always looms but never kills?
Most users don't have the same mindset as real Hive owners. We have more like them but as you said, it's inevitable.
I can't blame them though, if something doesn't feel you happy or rewarding, why would you stay?