LEDs have finite lifespans, especially when operated at high brightness for hundreds or thousands of hours. This generally results in progressive dimming.
It depends on the LEDs chosen and how hard they're driven.
White LEDs used for commercial illumination in good light fittings are generally designed, selected, and driven to deliver something like 70% output after 50k hours. The same probably doesn't apply to RGB products.
Don't run it at high brightness for hundreds or thousands of hours.