Evaluate useTranslation performance

[ErikMichelson]

Which part of the project should be enhanced? translation system

Describe the solution you'd like The useTranslation hook is used in many components. It's returned t function uses an internal state but we're not sure how performant the underlaying i18next function is. We should evaluate this and eventually wrap all translations in useMemo hooks to avoid recalculation.

Additional context none

[DerMolly]

Additional context

https://react.i18next.com/latest/usetranslation-hook