Yeah it uses a lot of advanced UE5 features and Lumen ray tracing is turned on by default so switching that off at least can help a lot! Also image scaling is off so you get your monitor's full resolution. Turning on TSR, DLSS or FSR and adjusting the resolution percentage will have a huge impact.
I've been trying to stay on top of optimisation for the game, but I'll be spending more dedicated time on it before the full game comes out.