Those specs should be sufficient - does it indicate that it’s doing any sort of analysis on a local music library? Or are you streaming only (Tidal or Qobuz)?
That’s weird. I have a 2017 MacBook Air with an 1,8 GHz i5 dual core CPU, 8 gb of RAM and onboard graphics. And it runs nice and pretty quick here. Same speed as the other programs on my Mac.