Z-Wave has a much better range, and uses a less congested radio band. Matter and Thread can work with Z-Wave devices with the help of a bridge, so it's not as

Z-Wave has a much better range, and uses a less congested radio band. Matter and Thread can work with Z-Wave devices with the help of a bridge, so it's not as bad as you might think. But yes, this is an attempt to compete with Zigbee.