I just want to share my experience and probably post a question as well regarding PPV.
I've been an affiliate for 3 years now and I've had great months and low months in the past. But it's been pretty stable and I've never been below the red line.
I use PPV for traffic, nothing else. Sometimes I direct-link, sometimes I use a prelander.
Recently though, I noticed that traffic coming from various sources have been slowing down. Also, based on my tracker, many of my ads are getting blocked by browsers. Most effective browser to block my ads is chrome.
Conversions are slowing down at an incredible rate now too, even with my most stable campaigns (skincare, weightloss and muscle boosters).
I've never been below the red line, but now that's my status for 3 months now.
Do you think PPV is dying now? That would be really sad if that's the case.