BLAKE 3 is faster only in wall clock time, on an otherwise idle computer, because it fully uses all CPU cores, but it does not do less work.
BLAKE 3 is preferable only when the computer does nothing else but hashing.
On a modern intel CPU, one core of SHA1 does about 500MB/s worth of hashing. Blake3 on the same core is 1.5GB/s or faster.
BLAKE 3 is faster only in wall clock time, on an otherwise idle computer, because it fully uses all CPU cores, but it does not do less work.
BLAKE 3 is preferable only when the computer does nothing else but hashing.