Lemmy (or more broadly, the "threadiverse") is basically an infinite Reddit, run by the community instead of a corporation, and spread out across various servers across the world. It's much smaller than modern Reddit, but has far fewer bots, spammers, reposters, etc. Some might say it's more like old reddit.
One key difference is that there can be multiple communities for any given topic, so you can join them all, or pick just one, or even make your own if.you dislike how the others are being run.