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.