Yes, totally. The tech is only supportive and facilitating. I think there's a proper uptick in the general social engagement of people and politics in society, driven and motivated to counter the multitude of dire challenges we face today that can no longer be ignored.
As for the angst on the atmosphere, in my perception this is more a worry about mass adoption and 'scale for the sake of scale', the way traditionally tech is pushed, with growth-hackers mentality and all that. It has the higher commercial attention and is most likely to face corporate takeover. Serves as a lightning rod to keep fedi in the shade for longer time so it can mature healthily :)
Fediverse evolves on more natural ebbs and flows, not exponential engagement metrics, and that is a good thing. It will help resilience and give 'staying power'.
OTOH a threat for fediverse is its dominant focus on the microblog at the core of the social network. Course correction is imho needed here.