Its NOT dead YET... and, its definitely sick/ill, but... its not quite dying either...
Boxing is like a sick old man... that refuses to die. MMA is undoubtedly the more popular sport nowadays, but MMA is NOT to blame for boxing's popularity problems! BOXING is to blame for BOXING's deteriorating health!!!
Boxing caused its own bad health, with decades and decades spent OFF of Network Television, exclusivity on Premier Cable channels (Showtime and formally HBO), 4 Various Alphabet World Titles, Corrupt and Incompetent Judges, Corrupt promoters and sanctioning bodies, but most significantly... because boxing isn't organized into a single organization like the UFC, or the NFL, MLB, or NBA... you have a situation where fighters just fight who they or their promoter wants, INSTEAD OF... having the BEST fight the BEST!!! Boxers and promoters pick and choose their opponents, and stack up very LONG undefeated records, but often... they haven't fought anybody significant, and/or only very few! This is the opposite in the UFC, where they BEST have to fight the BEST, and... there is only ONE World Championship per weight class instead of FOUR!!!
However, while boxing is very sick... its gone on some experimental medicine recently. Boxing is increasing its exposure on Network Television, and dramatically increasing its exposure on steaming services like DAZN and ESPN+. HBO has completely and permanently bowed out of the Boxing Game, and while Showtime continues to soldier on, but without a doubt... as boxing moves from expensive cable channels to network television, and live streaming networks... its popularity WILL SURGE, and has already been showing signs of improving health.
Boxing is a stubborn old sport, and still has a LOT of problems, but... its NOT quite dying just yet!!! It might just turn around too, and outlive us all!!! Its hard to tell!!!
However, with Mayweather and Pacquiao making record-breaking numbers just a few years ago, then Mayweather making about the same when he fought McGreggor, and the numbers GGG did against Canelo, and a few others recently... I can comfortably say... boxing is still far from dead, but... it could be doing a LOT better too!!!
There are still plenty of exciting young stars in the game like Errol Spence, Vasyl Lomachenko, Terrance Crawford, Canelo Alvarez, Deontay Wilder, Mikey Garcia, Tyson Fury, Gervonta Davis, Anthony Joshua, GGG, and Oleksandr Usyk making waves, and making the sport exciting!!! So... there IS hope for a recovery!!! Especially, with boxing increasingly coming OFF the expensive premier channels like HBO and Showtime, and becoming more visible on Network TV, and live streaming services!
Well have to see how well, or even IF it works, but... the early signs are good!