Yesterday was one of the weakest days for Bitcoin transactions per day in the last year. Unlike previous lows such as August 1st, the Bitcoin Network was not constrained by reduced hash power and a growing backlog. Instead there are simply fewer transactions on the network.
This is the dilemma the Bitcoin Network faces today. Because effective capacity has only been marginally raised, there are only two ways for transaction rates to go, neither are particularly positive for users. They can either run at capacity, which is still about 3 transactions per second with rising and unpredictable fees, or people can stop using the Network, perhaps keeping their coins in custody with trusted third parties instead.
For now people seem to be choosing the latter.