Yep but I don’t really think small instances work well just yet.
I have a powerful PC (enough RAM, cores, nvme etc on a 1Gb line, 700Mb up) and it’s incredibly slow most of the time, because I guess, there are not many users forcing the federation.
I’m working on some band-aid scripts to half-fix that until Lemmy catches up, but just so you know it’s not perfect for small communities yet it seems.