Magic Trackpad 2 lags consistently every time I click the volume icon

I'm running Sonoma 14.0 on a 2020 M1 mac mini and have my trackpad connected via bluetooth. The battery is fully charged. It works perfectly fine until I click on the volume icon in the menu bar, at which point it lags to the point of almost becoming unusable until I click away (which sometimes doesn't work because the lag is so bad).

Any ideas?