Really, it just went underground. There are still aggressive skates being produced by many companies, with a wide selection of wheels, frames, etc. There are even contests still happening; they just look different than they once did. Many of them are tours of skate spots in a city, mob style.
The surge of cheap video equipment also means that there’s no end of filmed video parts on YouTube with insane grind combinations, “stunt” gaps, and a progression of difficulty that can only be described as “jaw dropping.”