One thing worth noting: beyond raw parse speed, oxc's AST is designed to be allocation-friendly with arena allocation. SWC uses a more traditional approach. In practice this means oxc scales better when you're doing multiple passes (lint + transform + codegen) on the same file because you avoid a ton of intermediate allocations.
We switched a CI pipeline from babel to SWC last year and got roughly 8x improvement. Tried oxc's transformer more recently on the same codebase and it shaved off another 30-40% on top of SWC. The wins compound when you have thousands of files and the GC pressure from all those AST nodes starts to matter.
