I must say that LZ4 definitely stands out for both compression and uncompression speed, while still being able to cut the data size in half, making it probably quite suitable for life filesystems and network protocols. Particularly interesting was also comparing Zstd and LZ4[3], the former being substantially slower, but at the same time achieving a compression ratio somewhere between zlib and xz, while beating both in time (in my benchmark at least).
[1] https://github.com/AgentD/squashfs-tools-ng/blob/master/doc/...
[2] https://github.com/AgentD/squashfs-tools-ng/blob/master/doc/...
[3] https://github.com/AgentD/squashfs-tools-ng/blob/master/doc/...