Yeah, it sure looks like Steem is done. Most of the known, established and large accounts have moved to Hive, it doesn't seem to be any decent curation on Steem (which has been a problem for a long period of time) and with all these users going to Hive, the curation they did moves with them as well.

I can't really see how Steem will managed to fix those problems and fill the gaps all these users caused when they moved. It doesn't look good. Hive on the other hand, sounds promising so far.