Why have rewards dropped significantly over the year?

drumsta(54)
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I have been a member on Steemit for a year now.

Summarizing my recent experiences here and checking how some users that started out at the same time as me progressed I have concluded that people are making significantly less per post than in this same period last year.

I can remember that the trending posts were between 800-2700$ per post. You can dream about this now.

So what happened? Is it because the number of users has increased so the cake pieces get smaller? Or is it a game theory in play?

I would like to hear some opinions?

Why have rewards dropped significantly over the year? | Ecency