Yup was just typing a comment to basically this effect. Federation adds a ton of overhead – you can still do things fairly efficiently, but every interaction having to fan out to (and fan in from!) many servers instead of like a single RDBMS is gonna cost you.
In all likelihood the code is not as efficient as it could be, but usually you get time to work those out gradually. A giant influx of users quickly turns “TODO: fix in the next six months” into “Oh god the servers are melting fuck fuck.”
That said, assuming the devs can get over this hump, I suspect using a compiled language will pay off long-term. Sure things will still be primarily IO-bound, but making things less CPU-bound is usually a good thing.
For some illustrative examples: Mastodon is in Ruby and hits dumb scaling limitations far more often than other fedi microblogs. Pleroma/Akkoma are Elixir (and BEAM is super well optimized for fast message passing/scaling/IO), Calckey (primarily Typescript) is moving some code to Rust, GoToSocial (Golang) is able to run in a fraction of the resources of Mastodon. The admins of one of the bigger tech instances recently announced they’re basically giving up on administrating Mastodon and are instead going to write a new server from scratch in a compiled language because it’s easier for them than scaling a Rails monolith.
TL;DR everything is IO-bound til it’s not.
The OP is a popular shitposting account, doing what we in the biz refer to as “a bit.”