You can also use it to create your own "algorithm".
With Reddit I've always subscribed to each subreddit individually, sometimes adding filters like "/hot/?limit=10", which only shows posts that reach the Top 10 posts in /hot. That way I wouldn't miss any post in niche subs while being able to individually scale the amount of posts I get shown from the bigger subs.
You can do the same here on Lemmy, although I still haven't felt the need to configure it, since staying on top of /new is still doable.