You mean playable up to current content?
Story Mode hasn't had new content since I started playing ToA (Back in January), but Adventure Mode has had constant content updates. Story Mode currently lets you play the first Ironia Zone, which ends in a fight with the Dark Knight & reaching the Border Gate. Adventure Mode has reached the Demon King's Realm and has given us 'the final boss battle' with multiple outcome endings.
Story Mode, guessing being the source of this assumption, is currently being worked on behind the scenes. Adventure Mode could be used to test out concepts, limitations & user feedback for potential design choices for Story Mode's next zones.
Story Mode has a much more clear focus on Narrative, Connected Character Narrative and Importance to keeping track of the Day & Nights you spend traveling.
I have no knowledge of an official ETA from Majalis as to when Zone 2 (Potentially a variant of Mossy Expanse or Giantess Valley) will be implemented into Story Mode. You can hope they answer you here, about an estimate of when there will be new Story Mode content, if not I suggest asking on the
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or their
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& Discord.
Adventure Mode is also still a Work in Progress.