Not everything needs to be added onto the wiki. Generally, you can categorize events into three different groups, which you can use to determine whether you should add it or not.

Impactful Lore

Events, NPCs, locations, etc. that have a large effect on the server's front-facing lore. These are things that your average, well-read adventurer (or even commoner) should know about the world. Examples: Elemental Chaos, Xav's war against Lithosphere, Moon turning bloody, Sa'vara

Behind the Scenes

Things that have a large effect, but would not be seen by the front-facing server. These may be known only by a select number of people, or perhaps have happened entirely off of Materia. This may also include "ancient lore" that you created as part of a quest or set-dressing. Examples: Myth, The Efreeti/Djinni wars, Thunderhead Keep

Minor Items

Things with a small effect in one way or another. They might be events that affected only one small town, or only had personal consequences for a PC. Examples: Most small/one-off quests, some backstory quests