The ability to see all the communities if you search them up without having to find it via lemmyverse.net and inserting the specific fedi url to the search bar. It's a crucial thing for an average Joe, no matter it's due to how the fedi protocol works.
That 'all' is all of the communities and posts your server knows about. You are on a pretty big (I think?) server, so it's probably pretty good. For people on smaller servers like the one I'm on, it won't have a lot of the smaller niche communities on there as no one from my server has ever visited them.
If I made a new community on my instance and posted stuff there, you wouldn't see it in your 'all' feed unless someone from lemme.ee visited the new community first.