This demo produces only a handful of draw calls to the GPU, and even though those draw calls can have hundreds of thousands of triangles, that's still as efficient as it gets.

I guess that egui works similar to Dear ImGui: only (font) texture changes and clip regions (e.g. scroll areas) require a new draw call, and that's typically just a handful to a few dozen draw calls even for complex UIs.

For long lists, Dear ImGui has a special 'ListClipper' class which allows to iterate over the visible 'slots' of a list, so that the code which describes the list UI can skip clipped items early. Not sure if egui has something similar.