Absolutely. The 3080 is so powerful that at lower resolutions software can’t keep up.
Game engines don’t scale infinitely, GTA V for instance starts becoming more inconsistent the faster you push it and above 120 becomes wholly unreliable for benching. Most games and their engines are not meant to run 150+ FPS, and something like AI code or asset loading will get in the way.
Next gen games will take better advantage, but this gen has seen demands on hardware slow down. It’s getting prohibitively expensive to push graphics further. Look how well the 290x has held on over 7 years already.