In a lot of ways it is better, supports hashtags, has full activitypub support (not just the group support) which allows following users, and allows boosting.

Though it also has severe drawbacks like a lack of MD support (glitch-soc has it but normal Mastodon doesn’t), doesn’t allow arbitrary link attachments like lemmy, and does not have good community/group view or threaded comments, though these last two are mainly front-end issues.