Indeed. New registrations is dropping many weeks in a row - check @netuoso reports for stats. If it continues, it is gonna be a problem.

Steem needs 2 things to deal with it.

1. Media coverage and maybe refferal program to boost flow of newcomers.
2. Somehow rethink and rework novices' experience. Now they understand that only whales have some weight and chance to be read and dropping pretty quickly.
   Also some opinion leaders from outside the crypto world entering the platform should help. I see gaming and trading communities as points of growth here.