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It's the gold rush over?
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I think while the general communities have made it, a lot of niche communities failed to attract enough population to keep on generating more content. As an example, just search for the "Imaginary" series of landscape art communities on the Fediverse (eg. ImaginaryVistas). Many of them don't have any recent posts or 1 post per days or weeks. That's not enough to keep people invested. Even the largest digital art community is still mostly carried by 1 person.
Yes! I think we have many communities that are either:
Carbon copies are actually quite of an issue on the long term. It is difficult to understand the best one for a topic unless one visits many of them.
Also because the number of subscriptions that one sees is only from their instance
As someone who mostly lurks/occasionally comments and someone who likes to view hot/active posts from all communities, repeat posts from similar communities in different instances is something I find really annoying. I'll see the same post four or five times as I scroll. It can make things feel really empty to see the same things more than once.