I believe the player base is big enough.
I personally have 0 battles, 0 progress in either of the new factions. Why? Not really interested in sweating a 1v1 and doing 100tasks a minute for some meaningless rep. Would not mind to try it with a crew tho. However, most people I know quit this game and Open crew is a total disaster.
Also I see a lot of flaws and reports with the way it is done and personally I dislike the approach.
Not saying I won't try it, but I certainly have no will to grind 100 or 1000pvp levels to get some curse at this point.
So can imagine a lot of players just don't care about it that much and once the 'new thing hype' wears off, the numbers will drop further.
What if...instead of this...Rare would have relaunched Arena, obviously with the care and respect for the mod it deserves and that is rarely shown for anything else in this game apart from pirate emporium or streamers.
What I mean, listening more to players, taking ideas from other successful games, being creative (instead of recycling content). more game modes for arena, like king of the hill, capture the flag etc. Not saying omg this would change everything but Arena was as much cared about as OOS or Idk half the game literally? Nobody cares for these time limited adventures as much as they care for the main adventure. So in the last year we got how many of them? Seems like a lot, ok it expands the lore and shines the light on the future of the game.
How many main adventure improvements we have received (not talking about captaincy, just voyages, tall tales)
One content update per 2 years for Athena for example, this is not the fault of only 2% of players playing Arena, this is fault of developers of not knowing how to make things fun and interesting once things start to get boring.
Why Flamenheart could not have been the ''Talking head in the sky announcer, throwing around jokes and taunts to crews battling the arena''?
If well made I guarantee such small thing could have pushed the player base to at least 3-4% wouldn't you agree? Now imagine more fun options and new things, number goes up further...
So a few streamers or old players complained that they have too much gold..So now everything is super expensive.
I reached Athena 30. What I got for it? Some joke of a costume, and ability to spend 2.5million for the ship set. Thanks.
Trinkets? Super cool, but I am not able to buy anything else apart from them as all the money is sinking there non stop most of the time, as soon as one is finished another one gets unlocked or upgraded.
Worst thing, some things just require something fresh/new that would not even take a lot of effort. Why this stupid adventure could not become a limited time voyage instead (not exactly as it is) but why cant OOS have Briggsy for a month as a boss to fight?
I know I'm just ranting, but just wanted to say to all the people who love the new game mode - buckle up. Your experience depends on other people and a lot of people are not as loyal or dedicated to this game and excitement/patience will sooner or later end.