Back when Node was the new kid on the block, the single-threaded async model was justified by pointing out that the major challenge with multithreading was shared memory. It's one of the strong points of the language / environment, because you never have to worry that some callback will run on another thread.
Javascript shines when it's handling multiple concurrent IO operations, and concurrent operations can become very thread-like with async/await syntax. Multithreaded code in this context only helps with CPU-bound operations; but if I was doing something CPU-bound, I'd probably choose a different language.
One thing I wonder, does Bun (or Node) have a way to call into native code on another thread, but still keep single-threaded once back in JavaScript?
yes, all of node.js is built on such operations. what do you think is happening when you `await fs.promises.readFile(name, 'utf8')`? it dispatches a libuv thread to read the file you want, and resolve the promise when the background thread has completed the operation.