Yes but i think reddit is many times more valuable than Lemmy. I just haven't found the same level of very specific subreddits that have lots and lots of activity. Most of the traffic here is memes, politics, news and Linux lovin. On reddit if I needed to find a community about my local town it's no problem and there are tens or hundreds of daily posts. The same community does exist on Lemmy but the last post was 6 months ago.