I was skeptical of the claim that it's faster than traditional SSH, but the README specifies that it is faster at establishing a connection, and that active connections are the same speed. That makes a lot of sense and seems like a reasonable claim to make.
It is not faster in this sense. However, an SSH connection can have multiple substreams, especially for port forwarding. Over a single classical connection, this can lead to head-of-line blocking, where an issue in one stream slows everything down. QUIC/HTTP3 protocol can solve this.
Fun fact: SSH also supports multiple streams. It's called multiplexing.