It is hard to predict at present time. Steem has a bigger userbase and that creates a different ecosystem. All I can tell from my experience is that having a UBI (about $0,33 daily unless you don't spend it) and deciding by yourself how much you want to allocate to which creators adds an additional very engaging variable to the game. Newbies can just decide who they give their 100% vote in Steem and even doing so, results in a zero reward to the creators they vote (as they have very low power) giving them a small chance of engagement.

Spaces make much easier to create communities around specific areas of interest but there are other features Hyperspace has yet to implement as following profiles.

All in all, we will have to wait a few weeks/months to see how Hyperspace evolves and how Steem manages to "survive" from this bear market.