I cannot replicate the issue you are reporting on a Dell Latitude 7280 running Solus Budgie. I checked with a friends (one using Solus Budgie, one using Ubuntu 20.04 and the other using Ubuntu 20.10, and none have the issue.
I also spent about an hour on the internet searching "wifi" "laptop" and "suspend" in various ways and cannot find any discussion of the issue.
However, I did find numerous discussions of wifi failing to resume after suspend on the Ubuntu forums, dating back a few years to the Linux 4.x era. Apparently the that issue was related to Linux kernel Bug 201469 (a PCI bus issue), which was resolved in later Linux kernel builds. If the issue you are having is recent (that is, first appeared after Solus moved to kernel 5.10), it is possible that your problem is related to a kernel bug in 5.10, but one that is not yet common enough to have been widely reported.
I don't know what brand/model laptop you are using, but the problem you are experiencing might be specific to a particular PCI bus or to a specific wifi adapter, so you might try searching for wifi/suspend issues relating to your particular hardware.
The only suggestion I have at this point is that you might consider changing your power management options, so that closing the lid puts the laptop into "hibernate" mode rather than "suspend" mode.
"Suspend" mode does not turn off your laptop, but instead puts the laptop all peripherals on a low power consumption mode; that would be consistent with throttled-down wifi performance upon resume if either the PCI bus or the wifi adapter was not restored to full power consumption on resume. "Hibernate" mode, in contrast, saves the state of the laptop to the hard disk and completely powers off; when resuming, the laptop powers on (and the saved state is restored to RAM), which should trigger full power consumption throughout the laptop.
Assuming that the change from "suspend" to "hibernate" resolves the slow-down issue, that's a workaround rather than a solution, but it might be less aggravating than restarting the laptop manually every time you open the lid.