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Seed phrases are randomly generated and the words come from the BIP-39 word list. Each of the words in a seed phrase represents a number between 0 and 2047. So a seed phrase is essentially just a really big number and the purpose of using words is so that it's easy to write down and possibly remember. That long number is used as the seed integer to your hierarchical deterministic wallet that generates as many private keys as you need.
Some differences between Bitcoin wallets are discussed here https://walletsrecovery.org/
NOTE:
The number of mentions on this list indicates mentions on common posts plus user suggested alternatives.
Hence, a higher number means a more popular project.