Looks like the page is spending an inordinate amount of time converting pixel data into a data URL. That's probably the favicon update then?
To find out, I took a process sample with OS X Activity Monitor. The main thread is spending most of its time in a requestAnimationFrame() callback, and about 77% of the work done there is inside toDataURL() calls.
I think the problem is you can't control which frame is displayed at a given moment to keep it in sync with the page animation. It seems like there is only a finite amount of possibilities for the icon, so perhaps they should just cache the data URLs each time around and load them directly from memory, instead of drawing them, getting data url info, then setting it.
This page (and worse, their home page) is unwatchable on my (not so new) phone as well, android 4.2.2 stock browser, probably still used by millions.
Dear hipsters, form over function is terrible ux, throwing computational resources at a design problem does not solve anything.
Unrelated, but some time ago somebody redesigned medium.com to be so bloated I can't scroll half a line without terrible artifacts drawing themselves all over the text, on a website supposedly designed around the reading experience.
Pretty cool effect, though as others have stated it looks very resource intensive. Reminds me of an old project from Hakim El Hattab http://hakim.se/projects/meru
So much of that guy's work is just great. I love the DOM Christmas tree especially (even if it's not the cleverest or prettiest thing of his): http://hakim.se/experiments/css/domtree/
"Lamda" is the modern pronunciation, while "lambda" is the ancient one, apparently. However, for the letters Μ and Ν they use the ancient Mu/Nu, instead of the modern Mi/Ni, so I fail to see the logic.
I also call them 'mew' and 'new' in English, but their modern names are 'mee' and 'nee'. I'm not sure what the ancient Greek pronunciation is, but I think that's where the 'ew' sound comes from.
The same goes for lambda. I use that in math & programming, but the letter Λ is actually called [lamða] in modern Greek ('ð' is the sound of 'th' in 'the'). That's apparently how 'lamda' is supposed to sound.
The resource / CPU requirements of this are not something to be proud of. If your logo means the rest of your site is going to take a serious performance hit, then your priorities are way off.