The fanbase is still large, but the Lemmy community hasn’t quite caught up yet, and now there is a transitional period where the audience is smaller.
I’m kind of enjoying the smaller community size. Unlike reddit where I’d come across a post that I have something interesting to say about and see there are already 27,481 comments.
It certainly has it’s ups and downs. It’s nice having smaller communities as it really helps having more congenial conversations, but I do miss the larger user base sometimes, since it ensures more coverage of a given topic.