Earlier quoted context omitted.
It uses Clickhouse, though, which should be xtremelly fast for this.
Yes. But PHP still needs to process it before it goes to Clickhouse. PHP is the bottleneck.
The author writes that Clickhouse takes 0.1s for an example request: https://news.ycombinator.com/item?id=42666703
PHP would need to be adding 0.1s CPU time for processing the request for the PHP code to become the bottleneck. That seems unlikely.