Minecraft was just running fine, no lag spikes, nothing. It suddenly started to cap at 10 FPS now. I tried reinstalling, not worked.
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Its happening to me too. I make a world with nothing and its laggy. Even my realms which used to hold strong with many add-ons suddenly can't handle a single one. And anytime I leave, my game almost crashes and loses all texture. It was after trying out the new experimentals and turning off Actions and Stuff when everything went wrong. I made a new world, no experimentals, still broken. This update opened a floodgate of bugs.
From what I've seen this is happening for many people on xbox series s. Does not occur on flat worlds or when looking down.