Is Uniswap V3 better?

I'm curious, what sets Uniswap V3 apart from its predecessors? Have there been significant improvements in terms of transaction fees, slippage, or user experience? How does it compare to other decentralized exchanges in the market? Additionally, are there any potential drawbacks or limitations that investors should be aware of when considering Uniswap V3? Ultimately, is it worth making the switch to Uniswap V3 or is it simply a matter of personal preference?