My MacBook Air (M1, 2020):

    === START OF SMART DATA SECTION ===
    SMART overall-health self-assessment test result: PASSED

    SMART/Health Information (NVMe Log 0x02)
    Critical Warning:                   0x00
    Temperature:                        32 Celsius
    Available Spare:                    100%
    Available Spare Threshold:          99%
    Percentage Used:                    1%
    Data Units Read:                    8,843,213 [4.52 TB]
    Data Units Written:                 12,256,532 [6.27 TB]
    Host Read Commands:                 229,897,011
    Host Write Commands:                452,963,852
    Controller Busy Time:               0
    Power Cycles:                       208
    Power On Hours:                     258
    Unsafe Shutdowns:                   3
    Media and Data Integrity Errors:    0
    Error Information Log Entries:      0

Seems fine to me!