It is probably due to a number of people stopping using their alts after some instance hopping.
Also a few people who came to see how it was, and weren’t attracted enough to become regular visitors.
Curious to see at which number we’ll stabilize.
Next peak will probably happen after either major features release (e.g. exhaustive mod tools allowing reluctant communities to move from Reddit) or the next Reddit fuck up (e.g. removing old.reddit)
Stats on each server: https://lemmy.fediverse.observer/list
These are not comparable. X and threads are businesses which maximize their profits by making their platform as big as possible. That is not true for Lemmy and even if it were, the average user does not care about the platform’s profits. So you can in fact make fun of the failures of big companies while being happy being part of a much smaller platform.
Also Lemmy is becoming a larger platform and Twitter- or “X”- is becoming a smaller platform. Sure total users might be down since right after the Exodus but that is obviously normal, a new baseline will be established that’s still significantly above the pre Exodus baseline. Then reddit inc will do something else stupid and people on the site will be talking about Lemmy again.
I think there’s positives and negatives to having a small platform, and there’s positives and negatives to having a larger platform. With a smaller platform, the quality of the comments in general is much higher with less low effort jokes which usually you’ve already read 500 times. With larger platforms, the smaller communities are much more active because there’s a larger pool to draw those people with niche interests from.
The average user cares about the health and quality of the platform though and a declining user-base is not good for either of those.
Sure, we don’t want to be flooded with millions of users either but that’s because we have a distinct lack of mod tools and features to deal with it. The solution is better tools and better ways of handling those users, not to keep the platform isolated and haemorrhaging users.