I am a huge proponent of zstd after I learned about it on HN. I've recently had to compress a 12 Gb csv file. zstd took ~3 sec for compression and ~11 sec for decompression and got the file to ~1.1 Gb. Xz took ~3.5 min for compression(!) and the resulting file was ~740 Mb(I didn't measure the decompression time). I just realized that in most cases it's more efficient to use zstd, especially for file transfer.

The majority of OS that people use either have it installed or can be trivially downloaded to, so I see no point in using gzip nowadays, unless it is mandated by API