Is Vite better than webpack?

As a professional in the realm of cryptocurrency and finance, I often encounter the need to evaluate various tools and technologies to streamline our operations. Recently, the question of whether Vite is superior to webpack has piqued my interest. Vite, a next-generation front-end build tool, promises faster cold starts and hot reloads compared to webpack. However, webpack, a well-established and widely used module bundler, offers a robust ecosystem and a wide range of plugins. This begs the question: does Vite's speed and simplicity outweigh webpack's maturity and versatility? It's a delicate balance to strike, especially when considering the specific needs of our cryptocurrency and finance applications. Therefore, I am keen to understand the community's perspectives and experiences on this matter.