I run a few groups, like @fediversenews@venera.social, mostly on Friendica. It's okay, but Friendica resembles Facebook Groups more than Reddit. I also like the moderation options that Lemmy has.
Currently, I'm testing jerboa, which is an Android client for Lemmy. It's in alpha, has a few hiccups, but it's coming along nicely.
Personally, I hope the #RedditMigration spurs adoption of more Fediverse server software. And I hope Mastodon users continue to interact with Lemmy and Kbin.
All that said, as a mod of a Reddit community (r/Sizz) I somewhat regret giving Reddit all that content. They have nerve charging so much for API access!
Hopefully, we can build a better version of social media that focuses on protocols, not platforms.
I have seen others explain it like email. Email accounts will still exist regardless of if, say, Gmail shuts down. Same with fediverse instances. Unlike traditional social medias like Facebook and Twitter, people can talk to people on other sites. Imagine if people on Twitter and Facebook could reply to each other