Does anyone know why RAR is better compression-wise than the two more modern standards? It doesn't seem like it's been updated in a long time, and I would have expected modern software from two of the best houses in the world to handily beat it. Is it that good, or is it a matter of priorities, or something else?
It is actively maintained. https://www.rarlab.com/rarnew.htm A view years ago, with rar5, it got a modernised file-format.