I identify FUSE as the cause, any deeper dive within FUSE is above my knowledge, I'm more of a hardware guy.
This should be easy to reproduce in any server if you do a transfer with small files, it's where the issue is more noticeable, e.g., map another Unraid server (or any other SMB client) to a user share and do a timed cp, I use a folder with several subfolders with about 10.000 files totaling about 10GB, I always do 3 runs and calculate the average speed, with Unraid v6.10.3 on my test server I'm getting 52.98MiB/s for this transfer, now map to the same server/device but using a disk share instead and repeat the same transfer, now I get 255.43MiB/s.