Why did people stop using EOS?

In recent years, EOS, once a highly promising blockchain platform, has seen a significant decline in user activity and adoption. Could you elaborate on some of the key reasons behind this? Did technical issues or scalability limitations hinder its growth? Did the governance model or community sentiment play a role? Was it a case of shifting market trends and investor preferences? Understanding the reasons behind EOS's decline could be invaluable for other blockchain projects to learn from and avoid similar pitfalls.