Lemmy is very similar to Matrix. By the way, there are channels in Matrix. There are communities on Telegram....
Selfhosted
A place to share alternatives to popular online services that can be self-hosted without giving up privacy or locking you into a service you don't control.
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Privacy wise for me it is more convenient to run my own instance and have my own private communities.
every instance is sharing in the traffic to browse the fediverse. Not one service is responsible for serving content, you (the instance admin) are only serving for your members.
The downside of this is there is a huge amount of replicated data stored everywhere. Content of popular communities will be scraped by and stored on many many servers, filling up servers and increasing storage and bandwith bills for all those servers
The replication isn't all that bad. Images stick around in their local instance, the federated data is all JSON payloads and metadata. Yes it will pile up over time, but only instances with hundreds of users and thousands of indexed communities are at risk of massive storage needs.