To be more clear, it uses a weird combination of your system libraries, installing its own libraries into your system on its own without informing your primary package manager, and using some specific library versions separate from your system libraries for some apps.
If you want to call that more "elegant" than other solutions... Well, I can't tell you how to feel about something. It still doesn't actually solve the problem that universal package formats are trying to solve unless the package dev explicitly requires so many specific library versions that the whole thing just ends up being an AppImage with extra steps though.