Requirements for 10M daily tracking pings? Is performance better in 3.x?

I’d like help in determining what would be the hardware and b/w requirements to self-host Matomo to track a site with 10M daily tracking pings. i am trying to compare costs of self-shoting vs. using the cloud service.

Has this changed significantly since version 2.1x ? I didn’t find any mention of performance updates or improvements in the releases notes. Any help would be appreciated.