In June Elon posted this graph of the rate of likes on X. It doesn't have a unit on the y axis, but it's plausible to assume that it's events/sec. If that is true, X in June was handling about 20k likes/sec. For comparison, Bluesky is now handling about 700 likes/sec during the busy part of the day.
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As Bluesky is now so lively, it seems likely that the network effect will start working in its favour. It's increasingly plausible that Bluesky will become as big as X. Source for X data: x.com/elonmusk/sta... Source for Bluesky data: bskycharts.edavis.dev/edavis.dev/b... (thanks @edavis.dev)
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