The first hit any user from your country/city navigating the URL will be slow aka normal URL Shortener speed. There after it is cached in that region/city/CDN POP. That is why the second curl was so fast. If you ask a friend living in close proximity to you (same region or city) to also navigate it, they should see the fast time.
I wrote more about the logic behind it in this blog post: https://link.warpurl.com/x4BSyC I also delve into the architecture a bit. Spoiler alert, it is 100% serverless!