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If we're perfectly honest - No.
Reddit has over 53 some odd million users. Million with an M. Lemmy has gained, at most, upwards of just thousands. To call it a 'mass exodus' is really overselling it.
It's going to take a fairly long time, for Lemmy to even scratch 100k even. I'm on both Reddit and Lemmy. Lemmy, for a more positive experience. Reddit, because the numbers are just there.
Lemmy has almost half a million accounts ( 400k ) with over 1.5 million posts. lemmy.world grew by ~30k new accounts in June.
Others grew by single digit thousands, so the migration seems to be about ~50k new users to Lemmy.
That's not trivial, Reddit had those kind of numbers in like 2007. Give it time.