If I connect a Matter-compatible smart bulb to a HomePod mini, what level of functionality is available through the Apple Home app?

To those using Matter-compatible smart bulbs with Apple HomePod and the Home app:

If I connect a Matter-compatible smart bulb (e.g., Tapo L535 or IKEA KAJPLATS LED E27) to a HomePod mini, what level of functionality is available through the Apple Home app? Specifically, can I enable dynamic effects such as smooth, continuous color transitions (e.g., cycling through colors), or am I limited to basic features like adjusting brightness and static colors?

You don’t need to have experience with these specific models - I’m asking generally about the capabilities of Matter-compatible bulbs when connected to HomeKit in the Home app. How does the feature set compare to the manufacturer’s native app?

If you have experience with this kind of setup, I’d appreciate your insights. Thank you!