Yes of course it's dying. Everyone has netflix and spotify now. It costs the same as a vpn, vip account, seedbox. I haven't used torrents in a few years since I got netflix, amazon prime, etc. The apps are right on my smart TV. I have even bought some shows from amazon which I would never have dreamed of doing years ago. It's $15 or whatever and 2 clicks on the remote. The cost of a chipotle and a coke. My home media server hasnt been turned on in ages. I could get gig fiber from my ISP but dont even care anymore. 10 years ago I would be giddy about that.
Games... they are go through steam or whatever now (I dont play games). Apps... adobe for example has software as a service now. Harder and harder to crack stuff.
The only traffic now is from 3rd world places where you cant easily get netflix.
I was a 0sec courier in the 90s and early 00s with leech on several topsites, even had a few releases, site admin on a few FTPs. Leech access to pres from the top groups on 10gig sites. I seen it all. FTP, FXP, DCC bots, usenet, torrents, file lockers. Now anybody can get pres within a couple mins from a torrent site by paying for vip, but the releases are worthless. I'll just wait a year until it goes on netflix, or pay amazon.