[phpisthebest]

Patreon decline had 3 Phases

1. Censorship which caused a market reaction for more competition, and the first mass exit of the platform

2. Changes in the Fee Structure and billing policies, this caused the 2nd mass exit from the platform

3. Platforms getting better at internal monetization (i.e YT SuperChat and memberships)

There has been little advancement of of the patreon platform, and with more and more competition from other direct compeitors (subscribestar, etc) and different monetization avenues (TeeSpring,etc) there is little reason for creators to use patreon outside of the network effect, and since they are not growing that effect is smaller every day