Without wishing to create a paradox, it absolutely does, yes. I've been a web dev since 1997 and I frequently have to remind myself that I don't always need to optimize things, memoize things, or throw features out based on browser performance any more. I constantly underestimate what browsers are capable of. There's a 'pandemic' of over-optimization that heaps complexity (aka bloat) into web apps unnecessarily based on the mostly wrong belief that browsers are slow.
Devs need to be careful, and they need to measure things. They shouldn't start with the assumption that something will be slow.
What's really interesting about this whole question is that HN's least favorite frontend library, React, suffers this problem. The virtual DOM implementation was necessary a decade ago when React started, but DOM manipulation has been optimized in browsers so now the vdom is actually a bit of a hinderance (React has advantages other than speed, so it's still a fine choice.) Libraries that HN likes, such as Svelte and Solid, rely on the browser to be fast, because the browser is fast.