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SimilarWeb has just released traffic estimates for June. According to these estimates, Reddit's traffic has seen a 3.36% month-over-month decrease.
For comparison, here's how traffic has changed for other popular social networking websites:
Source: https://www.similarweb.com/website/reddit.com/#overview
Some 3rd party apps still work, and I currently mainly use Sync for Reddit (patched through ReVanced) while transitioning to Lemmy. I begin to like Lemmy more, but I lack some communities that exist on Reddit. Hopefully, it's just a matter of time until Lemmy will have all of the Subreddits.
We did it, Red-- I mean, Fediverse!
Would be hilarious if they decide to federate after this shitshow as "Reddiverse".
The real data point will come in a few months/years. On every social media platform, a small percentage of users drive the majority of content. On Twitter, for example, 25% of the users create 75% of the tweets. So estimating the effect of Redditgate by traffic is a poor metric (at best a trailing metric). Lots of lurkers (which is the vast majority of users) will still drive traffic until the content becomes worse. And for the many users and moderators of Reddit which were creating and curating nearly all the content, I've got to believe a significant percentage are irretrievably angered by their FREE efforts being dismissed by u/spez and have left. Just losing the efforts of the bot subreddit over the next few months will flood Reddit with exponentially increasing shitposts.
I think many are coming to Lemmy just based upon my anecdotal observation that the quality of posts on Lemmy has increased dramatically in the last 3 weeks.
This should continue as search results begin dropping Reddit search results as searchers land on a deleted topic, back out and go elsewhere. The engines track all that. Reddit will be seeing a big drop in trust metrics for a while.
July is the real indicator with API being turned off on June 30th. I don't think the protests themselves had a big enough drop off, but I have to assume a lot of folks have either left or use only desktop currently once that happened.