I don't know if the splat is exactly the same, but the playcanvas engine has no false transparency on this one: https://superspl.at/scene/7e4e9bcb that splat is actually of fairly high quality, so unless this is a materially different splat (with some of the gaussians dropped out maybe?) I'm inclined to blame the engine.
If you turn off performance mode this is way higher quality than either of the other two versions of this model linked by bhouston in this thread, although with a much lower frame rate on my phone of course:
https://threejs.org/examples/?q=gau#webgpu_gaussian_splat