Did you find a solution?
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Did you ever find a solution to this?
Xcode 13.1 was unusable and crashed my machine repeatedly throughout the day yesterday.
Downgrading to 12.5.1 as suggested by @motw enabled me to get back to work. Thank you for sharing this workaround!
Should you need Xcode 13, ymmv but I'm not seeing any memory consumption issues on Xcode 13.0 (13A233), from an M1 Max MBP running Monterey 12.0.1 (21A559).