This is not what I see at all. Rather than fading, many JWs have returned to the meetings during the pandemic and some who sat on the fence for years have got baptised. Currently the numbers are higher than they were at the start of the pandemic, despite a number of deaths.
I do think enthusiasm for writing letters has waned as the months have gone on, and people probably do spend more time chatting on Zoom than writing letters. Even so, a tremendous amount of latter writing has gone on, noted by other religious groups. (I attended a Unitarian service that was strangely based on JW letter writing)
Locally JWs were excited to get back on the carts, although I doubt they will be as happy about returning to door to door preaching.
I suspect they will lose some people if they push too hard for everyone to return to the Kingdom Hall instead of staying on Zoom. Some will respond to the pressure but others will just quit attending the meetings altogether.
I’ve been loosely associating and attending various kinds of religious meetings during the pandemic including: Unitarian, Christadelphian, Mormon, Presbyterian, Iglesia ni Cristo, and Quaker meetings. Most of these groups have seen a drop in participation, particularly Mormons, Unitarians, and mainline churches. Quakers have done a bit better. JWs have done better than any other group in keeping members engaged during the pandemic. They are struggling to get people to go back to the KH but not to the extent of other churches where this seems to be an even bigger problem.