No, in terms of performance, AMD Radeon RX 7700 XT is slower than Nvidia GeForce RTX 3080 Ti. Nvidia GeForce RTX 3080 Ti outperformes AMD Radeon RX 7700 XT by 13.6% in 3Dmark benchmark.
The RX 7700 XT is more energy-efficient considering its performance, having power consumption of 245 watts and a 3DMark score of 17245. By comparing its benchmark score to its power consumption, we get an efficiency score of 70. RTX 3080 Ti's efficiency score is 56 .So RX 7700 XT leads by 25.0%, making it the smarter choice in terms of power consumption.
When considering value for money, RX 7700 XT offers a better deal than, GeForce RTX 3080 Ti by 73.9%.