I wouldn't worry about Lemmy having as many users as reddit in the short term. Success is not just a measure of userbase. A system just needs a critical mass, a minimum number of users, to be self-perpetuating. For a reddit post that has 10k comments, most normal people only read a few dozen comments anyways. You could have half the comments on that post, and frankly the quality might go up, not down. (That said, there are many communities below that minimum critical mass at the moment.)
Lemmy is now a real alternative. When reddit imploded Lemmy wasn't fully set up to take advantage of the exodus, so a lot of users came over to the fediverse and gave up right away. There were no phone apps, the user interface was rudimentary, and communities weren't yet alive. Next time reddit screws up in a high profile way, and they will screw up, the fediverse will be ready.
Lemmy has way more potential than reddit. Reddit's leadership has always been incompetent and slow at fixing problems. The fediverse has been very responsive to user feedback in comparison.

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[–] Dumeinst@lemm.ee 1 points 1 year ago

I think so too. I used reddit up until rif stopped working about a week ago (for me at least). Ive always been a reluctant participant in social media largely because of how consolidated everything is. Which, at the end of the day just means we're easier to market to or monetize. I'm excited about the possibilities of lemmy in a way I've never been about social media before. The content is currently a little sparse; you have to go looking a little, but that'll improve quickly I'm betting. There's no shortage of content to be had. In a small way it feels like the Internet 25 years ago