Based on the stats I've seen, active users did drop a bit from peak, but things have long since stabilized.
I personally use BlueSky and don't use X. Ignoring the Musk factor for a moment, X pushes app use and requires you to log in. It is also filled to the brim with ads and promoted posts. BlueSky doesn't require an app at all (sure, everything I stated could change down the road, but we can't measure things on a "possibly/maybe", we need to compare what the platforms currently do)
What holds Bluesky back is exactly things like these: Big accounts refusing to migrate from X (or use both). The more big folks that migrate, the more folks will switch.
I personally use BlueSky and don't use X. Ignoring the Musk factor for a moment, X pushes app use and requires you to log in. It is also filled to the brim with ads and promoted posts. BlueSky doesn't require an app at all (sure, everything I stated could change down the road, but we can't measure things on a "possibly/maybe", we need to compare what the platforms currently do)
What holds Bluesky back is exactly things like these: Big accounts refusing to migrate from X (or use both). The more big folks that migrate, the more folks will switch.