zstd-fast is almost as fast as LZ4 and gets a tiny bit better compression, though not a lot of software supports that mode. ZFS does, hence I have some numbers to back that up.
The decompression load is an eye catching feature of lz4, but its compression ratio is not just marginally compromised, it is a much less powerful compressor in that prime characteristic than zstds weakest non-fast setting. I can appreciate why Btrfs is in no hurry to include lz4 while it supports zstd:1 to 15. Although it would be interesting to test if lz4 could have a niche on fast storage combined with slow cpus.
Of course zstd somewhat of a portfolio project of facebook developers, and they seem to have integrated it quite nicely into Btrfs to atone for their debt to society - I'll take that :D
[1] https://lore.kernel.org/lkml/1588791882.08g1378g67.none@loca...