That is a really nice bike - you probably have the Giant Contend 3. Frame geometry pretty much spot on the same as the much more expensive models in the Giant line. The compact drivetrain also the same gear wise (11 x34 cassette, 34/50), great for climbing and pushing the bike downhill with speed. The aluminum alloys that are used now even in entry level bikes of leading brands like Giant are way ahead in terms of comfort and performance than what it used to be even 5 or 6 years ago, given the current price range for these.
As long as the bike is well sized/fitted to you, knocking off distances like 30-40 miles will become a joy, should you ever decide to extend your riding range. I have an aluminum frame (with a carbon fork so it's not exactly an entry level bike) bike and a full carbon Giant Defy Advanced and truth be told, up to about 30-35 miles it really doesn't matter which bike I'm on. On rides longer than 35 miles, yeah, the carbon one does provide more comfort and i do move faster. But you won't know what you don't have. What you do have is a really nice bike. Wishing you a great riding season!