Not necessarily a bad thing. A lot of new users to the fediverse.
this post was submitted on 17 Jan 2025
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Fediverse
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This is looking at total users, but I think monthly active users would be a better stat to use here. Lemmy has about 3 times the MAU of Misskey.
Edit: Also worth noting that Pixelfed has close to 3 times Lemmy's MAU now.