Less people on LFG, less topics on the forums, etc.
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I don't think it dying. There's been a bunch of AAA titles coming out and most people will get what their friends are playing to play with them. I got Halo 5 and still log plenty of time on Destiny. It's still fun for me and I enjoy the grind for the most part. I had a blast playing ToO tonight and doing the KF normal raid Tuesday. There will always be a hardcore fan base who plays Destiny and hopefully those other games will weed out some of the problem people in the community. Some people just need a break and when Bungie drops a new DLC the numbers will go up again. Just my 2¢.