Ehhh the metric for active users is a bit weird. The metric is "daily active likers" but I know a lot of people lurk and don't like posts often. I personally rarely like posts unless I think to go out of my way to do so but I browse the site daily.
And even then while "daily active likers" is down half from 6 months ago, it's still up substantially from even just a month or two prior to that. Bluesky exploded in size at the start of the year and it seems to be finally settling into a steady state with gradual growth (vs the prior explosive growth + falloff).
"Daily records" (at the bottom of the page) is a bit better metric of overall network activity and even though it has also fallen since peak it shows there's still an order of magnitude more activity on network than prior to blowing up.
