Yes this is a real thing and it seems to effect the rate you perceive the passing of time. From a BBC program https://www.bbc.co.uk/programmes/articles/2xFf4fxJmxzyV9XWjf1J886/does-time-move-faster-as-we-get-older
The flicker fusion rate for the average human is around 50 to 60 flashes per second. But for insects, it’s considerably faster – as high as 240 flashes per second for some kinds of fly. Flies experience a world that’s fast and rapid; with a sense of lots of information happening in a short space of time. They can probably see a fly swat coming a mile off, he says, and that’s why they’re able to react and move out of the way. “For them, it feels like time is moving slower than it would be for us,” says the zoologist.
Another oddity of the brain I have not seen documented anywhere is that if I blink rapidly as I can, things seem to be in slow motion. I discovered this watching cricket as the bowler makes his run up.