Slow download speed from object storage

I have a setup where a 8 core droplet (hosted on DO, managed by cloudways) is pulling data from DO’s object storage (object storage is in singapore). The data being pulled is images, most of which are 1mb in size. The download speed that I’m getting is barely 3 MBps. When I ran the DO speedtest, the download speed test showed 7 MBps.

I was under the impression that even the lowest tier of storage and droplets will get speeds of around 100 MBps. Am i missing something? What can be a solution?

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