The thing zstd got really right is fast decompression. For write-once read-never data like backups lzma (aka xz/7zip/lzip) is great. But it takes forever to decompress. On zstd I can get good compression while decompressing the file only marginally slower than reading the uncompressed file from SSD

Writing your files directly into a compressed stream and decompressing on the fly has become almost a standard workflow for any files I'm going to read and write sequentially anyways. No need for the data to ever exist uncompressed on the file system. Previous formats never did that for me because they either had too much overhead or too little gain, often both

How did I miss zstd?

Here are my benchmarks for 2.3 GB of jsonl, on a laptop. Compressed size, compress time, decompress time; using defaults.

    gzip  7.3%  21s  9s
    bzip2 4.6% 251s 50s
    bzip3 3.3%  82s 69s
    zstd  6.9%   2s  3s
    lzma  4.7%  51s  3s

all hail zstd, the one format to rule them all

Not really, it's a popular dictionary-based compression format.