After starting new world, if you walk to the front for a bit until you see the gold coin, you will notice the FPS drops to 2 then continue normal, and keeps this sudden drop in FPS.
Looking at the profiler, the CPU (host) is not running at that time, meaning that there is some IO we are waiting for, either in the GPU or somewhere else.
Not sure what's in that area, but I suspect the GPU, maybe something to do with transparency for example.