Assume that means 5_000_000/hour. 5M/hr => 83k/min => 1400/s. That is impressive for late 90s. I was generous on what "millions per hour" meant, but even if its 2.5M/hr that would be 700/s, which is still quite good.
MySQL's big breakthrough(not specifically talking about perf) was innodb in 2010.
Just 15+ years ago Postgres had major issues with concurrency as we think about it today.
And just 10+ years ago a LOT of DB drivers weren't thread safe and had their own issues dealing with concurrency.
So nearly 30 years ago? Fuhgeddaboudit.