As explained in The SSD Endurance Experiment: They’re all dead that is NOT what the percentage means. All the percentage is supposed to show is how much the amount drive is warranted for has been used up. Now 1229 TBW is a little high for a 256 to be warranted for but the fact of the matter is things generally go way beyond their warranted period.This is a serious problem. My M1 MBP 8/256 using fairly standard business apps has used 21% of SSD life in 5 months writing 258TB to disk. This means the SSD will die at just under 2 years which is unacceptable. Apple is going to have huge warranty problems.
I agree that 258TB being written to the drive over only 5 months is way excessive but it is likely an issue with the programs you are using...which is totally out of Apple's control.