For the best experience today, it is recommended to bypass the server list entirely and rely on KAD.
How to switch to KAD:
The classic eMule network (ED2K) relies on centralized servers. These servers act as directories. When you search for a file, your client asks a server: "Who has this file?" The server looks through its list of connected users and returns the results. kad emule server list
In modern eMule usage, the "Server List" feature has largely been replaced by Kad due to the proliferation of fake/spyware servers. For the best experience today, it is recommended