Yes, but newer versions of Android let you block categories of notifications for apps. Things like story post notifications are blocked for my apps while DMs aren't.
Notification channels were introduced in Android 8.0 over five years ago. You don't need a newer version of Android, any supported version should do!
For a long time after their introduction, apps were still written for the old notification system, so many users probably missed the fact they could theoretically mute or block certain categories. When apps started targeting Android 8, developers had to use the appropriate channels, but I'm pretty sure it took months for most common apps to support this feature properly: many apps had a single category for all notifications even when they used the new notifications API.
For a long time after their introduction, apps were still written for the old notification system, so many users probably missed the fact they could theoretically mute or block certain categories. When apps started targeting Android 8, developers had to use the appropriate channels, but I'm pretty sure it took months for most common apps to support this feature properly: many apps had a single category for all notifications even when they used the new notifications API.