No, they keep accumulating. I'm guessing that well over half of the accounts are inactive, deleted or banned.
The Twelve Millionth?
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Sep 6, 2015
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#63
The highest number of rated players is 1,7M in the blitz pool.
http://www.chess.com/livechess/players?type=Blitz
But does membership go down when players cancel their accounts or their accounts get banned? We have probably on 2,000,000 members on chess.com
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Robert0905 wrote:
Well, the sites been running 7 years, 12 million, so not THAT succesful.