LWR is Salesforce's next-generation technology for Experience Cloud Sites that focuses on performance and flexibility. It uses more web standards and does not add abstraction layers. LWR caches components during publication for sub-second loading, unlike Aura which dynamically loads components. While LWR has fewer out-of-the-box templates initially, its static architecture ensures rapid page loads and geographic caching of content in the CDN. It is well-suited for high-volume sites but lacks some standard Aura pages, components, and features initially.