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It is probably due to a number of people stopping using their alts after some instance hopping.
Also a few people who came to see how it was, and weren't attracted enough to become regular visitors.
Curious to see at which number we'll stabilize.
Next peak will probably happen after either major features release (e.g. exhaustive mod tools allowing reluctant communities to move from Reddit) or the next Reddit fuck up (e.g. removing old.reddit)
@regalia
> the algo for active/hot favor large communties, so smaller ones tend not to show up on the front page
I presume it's the same as what determines which posts appear on the front page of a Mastodon server; chronological order of posts. That would favour the larger communities, since people post there more often.
The other limiting factor, I presume, is a Lemmy server only knows about the communities its accounts are members of. Larger communities will have members on more servers.