A Microsoft file hosting and synchronization service.
Facing exactly the same since this week of my post. Up to 1 Million changes Onedrive thinks it needs to progress with a slow pace of a few changes per second. I even let my laptop run over 24h to see what happens. However it starts over and over again like an endless loop. It also makes Onedrive un-operatable. Microsoft, you screwed Onedrive up again.
I read from another post on the same subject.
The response from Microsoft is WAIT AND DO NOTHING for now.
In my case i.e. with the average rate of 1 file/sec to process and I have apparently over ~1M files to process this is going to take ages. More or less leaving my laptop running and connected to the internet for 14 days (24/7) in a row. Microsoft you must be kidding that this is the solution. WAIT VIRTUAL ENDLESSLY.