Performance is tanking on the ps5, its been getting worse!!!
Happens mostly in these situations:
-Character select screen
-Intense team fights
-“Victory” or “Defeat” animation
The team fight situation is the worst because the game can become unplayable in the most important moment.
I am playing the game on the PS5 version with no HDR and 120fps in 1440p, i have also experienced the same performance issues on 1080p, plz fix!!!
3 Likes
I experienced the same thing. Turned off ALLM on my ps5, made sure the output was ok 4K 120hz, and it stopped lagging for me 
Hope it helps for you maybe
Happened to me too on ps5 version.