Another contributing factor is the number of players. When blue was the only non-pvp server option, the player count was like 2000 daily in early Velious on blue. Now with the pop split, the number of buyers and sellers is also split so EC feels a lot more dead. Less people selling = less item variety.
People have also refined their farming strategies and don't waste time farming stuff that doesn't sell, so a lot of those low range staple items are almost impossible to find for sale.
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