I'd go further - I think that as of yesterday (literally - it's not "sometime in the past couple of days" - it was like a switch was flipped between day-before-yesterday and yesterday), there's too much content.
Up to two days ago, I saw pretty much nothing but sporadic threads obviously started by people just trying to get a discussion going. And it was wonderful - it was like the early days of the internet all over again - just people being people.
Yesterday, and even moreso today, mostly I just see an ocean of the same sort of botspam that dominated Reddit - insipid garbage, thinly veiled promotion, ideological ragebait and bland pabulum, with a bare handful of interesting threads like flotsam on that ocean - briefly bobbing above the surface, only to be sucked down into the depths and disappear.
Edit to add: about five hours later and the fediverse, and kbin specifically, has impressed me again.
I assume that somewhere in the background, whoever has the authority to do so defederated from a bunch of botfarm instances, because the garbage is just... gone. And this place is looking good.
Meanwhile, I just checked in through my lemmy.world account and the garbage there is so deep and coming in so fast that my browser hung trying to load it all. It's still just a vast ocean of insipid clickbait, all posted by names like "renivy948" and "sparjun472" and all somehow magically coming pre-equipped with upvotes.
Maybe there's people who like that. They're welcome to it. I'm just pleased and impressed to be broadly in the same internet "place," but specifically via an instance that proactively blocks that garbage.
It's funny, because it's really the fediverse just working as it was meant to work. I guess I've just become so cynical that I don't expect anything to actually do that.
Now I just wish the post field would stay where I put it on mobile instead of insisting on jumping all the way up to the top of the screen, so all I can ever see as I'm typing is the current bottom line...