A couple things: you don’t have to click volume and then move to the slider, you can just touch the volume button and begin sliding immediately and it will adjust relative to how you slide. Also, if you go into System Preferences—>Keyboard, you can customize the keys, including adding a dedicated mute button.
When users have to fiddle with settings to do the things they could do before without fiddling, what have you achieved? Apple used to be the UX good guys, now they are the devil in disguise.
Nevermind comment below showed where to find it, you have to change Touch Bar shows to expanded - which having had this computer for like a year I never found. I'm probably not the most advanced, especially compared to HN users who live in vim like many people here, but still I make a living on my computer and use it 12+ hours a day - feels kind of silly that I'm just now figuring that out (thanks to someone explaining it).