Per the title, is Lemmy actually growing, or will it stagnate and fade into obscurity like many other similar discussion boards?
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Donβt expect perpetual growth from the fediverse for one good reason:
It would cost more money.
Lemmy is self hosted and there are people who use their own personal money to host these things and have a certain amount of activity.
Doubling the users would double the cost but it would not double the usefulness for the instance owner.