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You can always try tinkering with the Oculus diagnostics tools, too. You can precisely tweak stuff like the bitrate, how strong ASW is (TL;DR interpolating frames so it doesn't have to render as much), resolution... Much more than what you can do in the Oculus app itself. Hell, you can squeeze even MORE performance by downloading and using something like OculusKiller, which skips their own home environment by loading you directly into SteamVR.
Fourth, there's software you can use to get better performance out of VR. https://github.com/fholger/vrperfkit will run games at a lower resolution and upscale them using FSR1, should work for most games, but some like Half-Life: Alyx and VRChat (blame the EAC security update) won't work with it. Virtual Desktop can also use Synchronous Space Warp to run games at half framerate and reproject the missing frames, which will make head movement feel smooth (regular movement however won't feel smoother than that half framerate). There's also some optimizations you can make per game, like in VRChat using safety settings to not render poorly optimized avatars and turning down graphics settings, mirror resolutions and other things inside its Performance tab.
Anyway, if you don't want to spend $20, there's an open source alternative called ALVR you can try too. I don't really have any experience using it, but I've heard there are ways to force it to connect through a cable, so having a proper router setup isn't as vital. No idea on if it's as efficient or not, though.