Realm Bad Server-sided Lag

Minecraft Bedrock Realms has been lagging with a lot of rubberbanding and server-side lag. The issue is not due to the world file or add-ons but to the connection. Everyone in the realm has good internet, and the performance of the realm starts to decrease. This poor performance has started to occur recently, this past month, so most likely it has something to do with a recent update.

I have seen many people complain about server-side lag, and the server connection makes the game unplayable.