The megapopular free-to-play Genshin Impact and Honkai Star Rail (same devs) make full use of the Apple Silicon iPads. My M1 gets pretty hot when playing either at high settings. Not enough to make it worth upgrading to a M4, of course. Call of Duty: Warzone literally makes my fingertips hurt after one match and the graphics still aren't great.
Apple is pushing more for triple-A games being ported to the iPad (like Assassin's Creed they demoed), but it's a chicken-and-egg problem monetizationwise.