A somehow old (2021) but interesting article about why the community is moving from wpa-supplicant to iwd: https://www.linux-magazine.com/Issues/2021/243/iNet-Wireless-Daemon
Here is an excerpt of interest: "The description of the iwd project on www.kernel.org highlights simplicity as an important factor behind iwd's recent rise: "The core goal of the project is to optimize resource utilization: storage, runtime memory, and link-time costs. This is accomplished by not depending on any external libraries and utilizing features provided by the Linux Kernel to the maximum extent possible. The result is a self-contained environment that only depends on the Linux Kernel and the runtime C library.""
ArchLinux and Ubuntu respectively tested iwd on July 2020 and in Ubuntu 20.10.