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.