http://www.forbes.com/sites/insertcoin/2015/03/25/destiny-stats-remind-us-just-how-casual-the-playerbase-really-is/
Some interesting points there. The limbo of 20 to 26 levels is true but I never really noticed how few of those who installed the game actually got to have an exotic equipped or get a full legendary set of armor. Interesting that, from what it seems, only roughly 20 to 30% of players who installed the game in ps4 actually dedicated time to the game. These are the only ones who grinded for the exotics and legendaries. That tried to complete the raid.
Why do you think it is? Is the grind too much or badly structured? Is the content too little and repetitive?
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This is why destiny will be dead in a few months. New good games for our console will speed it up