> 2–3x cheaper for the same specs compared to DO/AWS

    specs != performance
When I was looking for a hobby cloud provider, I did some benchmarking of similarly spec'd instances. Note that the degree of overcommitting CPU/RAM varies by cloud provider and instance type. I found Vultr to be the most consistently faster than DO. I had used OVH in the past and wasn't interested. I also didn't consider Hetzner because it seemed unlikely they could match performance at their prices. I later saw other benchmarking that showed Vultr as being one of the fastest. That was quite some time ago and I haven't checked lately, but also have no reason to switch.

The reason hetzner is cheaper is because they're using consumer hardware.

The last time I compared several vps with similar pricing, hetzner was by far the fastest - but I did not try vultr back then.