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I don't find anything in GW2 to be dynamic. I always thought dynamic meant "ever changing" and static always meant "always the same".
The events for instance, they aren't very random, they are always the same ones, and they always do the same thing. That doesn't feel dynamic to me at all! Now to be fair, I didn't play too far in the game. I think I leveled up to may 30 or 40 before growing bored. Too me the game was more of the same except now my quests were in that undiscovered part of the map where a quest giver would of typically sent me anyways. I even found combat to be pretty well much the same.
Now GW2 is an alright game, at least up until the point I played. But does it get better? Does it get truly dynamic? I am going to play it again one day (Yay B2P), so I'll eventually find out for myself. But it'll be a long while off.