Not easilly reproducible for others but one of our dotnet application uses 
openSSL to compute some cryptographic hash and here's the ratio of performances:
Ubuntu 20.04 + openSSL 1.1 : 100 % 
Ubuntu 22.04 + openSSL 3.0 : 5.1%
Ubuntu 22.04 + openSSL 3.2 (custom compilation not at all realistic) : 50%
Those were run with latest available version availalble the 22 of march 2024 in 
official repo.
Those performance number are quite concerning I hope future release of openSSL 
3.0 will address those performance issue which makes Ubuntu 22.04 (potentialy 
24.04 as well) not usable for any openSSL heavy reliant workload.

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https://bugs.launchpad.net/bugs/2009544

Title:
  OpenSSL 3 performance regression

Status in openssl package in Ubuntu:
  Confirmed

Bug description:
  Hello, it sounds like there's some significant performance regressions
  in OpenSSL 3:

  https://github.com/openssl/openssl/issues/20286#issuecomment-1438826816

  Some we might be able to address with:
  https://github.com/openssl/openssl/pull/18151

  Some of the performance differences may be subject to ongoing work.

  Thanks

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