Bluesky's Bumpy Ride: A Cautionary Tale for Decentralized Social Networks Bluesky, the decentralized social network founded after Elon Musk's departure from Twitter, is experiencing a decline in active users.
According to Similarweb data, monthly active users have dropped by 27. 2% year over year and daily active users are down by 25. 6%. This trend raises concerns about Bluesky's ability to maintain momentum.
The company has shifted its focus from developing the app itself to empowering the underlying protocol (AT Proto) to power multiple social apps and communities.