There is some theory circulating that this is related to LLMs scraping reddit data. They say the absurd API pricing is B2B pricing targeting companies like Microsoft to use reddit as training data (not just threads but voting, voting habits, etc.)
Makes sense why so much stupidity and inability to get to a reasonable agreement with 3rd parties. Basically the logic is that if they left a lower pricing for 3rd parties, the big players would be much less eager to accept paying more.
Just curious, why you prefer Kbin over Lemmy? I also witnessed the upsurge of that r/KbinMigration but finally chose Lemmy because of two main reasons:
edit: sorry if this is post hijacking, didn't intend doing that. Answering your post, maybe you need to change sort options? If you put it as Hot or Top you'll see posts with lots of interaction. But I think it's set on "Active" as default, so any recent interaction will pop up, also new posts.