We've had several threads that ended up like this, or started with this concern.
But otherwise, as I glimpsed, I see some points of view that are worth reading thru.
Well yes, fact is true, there are no events and no game *content* in the making. Also fact is I'm working towards that being a possibility again. Fact is there was a lot of technical debt, odd life during corona, and me getting into too many things that bloated. But i'm not a quitter, neither with those projects and neither with Excelsior.
Everything relevant to cleanup and technical debt is in Roadmap Part 0:
viewtopic.php?f=6&t=13336
Everything relevant about going forward is in Roadmap Part 1:
viewtopic.php?f=6&t=13973
Also consider that... we see the world as we are. A while back I helped someone out with a technical problem, and got a reply back: "Yeah, really good, thanks! You're still that same amazing guy" - which is a nice little spark of motivation, so I printed that out and sticked it on top of my monitor. So, depends on who you ask... you can get a group of players who would say "I didn't go to many events anyway, so it's all the same to me", and if most of your friends are like that, you will think that it's no big deal. And if your friends have quit the shard, then you will think that everyone is quitting.

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So, eventually hopefully when there's 3 weekly events, and a game improvement about every month - then the complaints will be like this:
- these events are all too simple, for newbies, when are we getting any events for high-geared players?
- this new area is just for vets, what about us newbies?
- the quests have an 8 hour cooldown, I can't be online so much, it's unfair to those who don't have all day to play.
- the quests are configured to be fair even to players who have only 1 hour to play per day, but that discriminates against those who can be online 10+ hours.
(speaking from experience)
Jebidia also makes a good point - you might be part of the problem - or at least, you're not helping. If only I could go to some forums and rant, but there's noone I can rant to, or well there's no point in me ranting to anyone.
Oh and I almost forgot, regarding player decline overall. Every year about this time of year, there's less people playing because most players are from the northern hemisphere, with spring and summer getting in. I remember posts from 2009, 2010, 2011, 2012 about how the shard is failing and it's the end. And as Corona brought a boost in numbers in 2020, now that corona is a thing of the past, more people are getting back into their lives. But don't get me wrong, I'm not trying to downplay the importance of things happening on the shard... it's a big factor as well.
Yeah usually numbers pick up around october, then go down in april. But I remember we've already seen very active months of May or August, but also sometimes a rather dull winter month like January. And even times when had a lot of activity with new content and events and the online numbers were about the same, but also a period of months with nothing going on but the online numbers were also the same. But again, more stuff going on will definitely be good for the shard.