Actually, evolution seems to show the opposite: The rate of advancement has only sped up, with billions of years between significant changes going to millions, to thousands, to tens and arguably to mere years now.
Having said that, we're probably looking at an S-curve with the physical limits of reality getting in the way in the end.
You're ignoring a lot of important factors. I'll give you most obvious ones. We often do genetics testing on fruit flies because they reproduce quickly and the initial population is large.
Your claim ignores this fact. The base population and number of interactions has increased.