diff --git a/.gitignore b/.gitignore
index bea76abc513db3..16eee4ceb22d00 100644
--- a/.gitignore
+++ b/.gitignore
@@ -44,3 +44,4 @@ test-timings.json
 
 # Cache
 *.tsbuildinfo
+.swc/
diff --git a/docs/advanced-features/compiler.md b/docs/advanced-features/compiler.md
index fbf7a34bc170d4..6b8643e18803c4 100644
--- a/docs/advanced-features/compiler.md
+++ b/docs/advanced-features/compiler.md
@@ -316,6 +316,42 @@ This transform uses [handlebars](https://docs.rs/handlebars) to template the rep
 2. `member`: Has type `string`. The name of the member import.
 3. `lowerCase`, `upperCase`, `camelCase`: Helper functions to convert a string to lower, upper or camel cases.
 
+### SWC Trace profiling
+
+You can generate SWC's internal transform traces as chromium's [trace event format](https://docs.google.com/document/d/1CvAClvFfyA5R-PhYUmn5OOQtYMH4h6I0nSsKchNAySU/preview?mode=html#%21=).
+
+```js
+// next.config.js
+
+module.exports = {
+  experimental: {
+    swcTraceProfiling: true,
+  },
+}
+```
+
+Once enabled, swc will generate trace named as `swc-trace-profile-${timestamp}.json` under `.next/`. Chromium's trace viewer (chrome://tracing/, https://ui.perfetto.dev/), or compatible flamegraph viewer (https://www.speedscope.app/) can load & visualize generated traces.
+
+### Experimental SWC plugin support
+
+You can configure swc's transform to use SWC's experimental plugin support written in wasm to customize transformation behavior.
+
+```js
+// next.config.js
+
+module.exports = {
+  experimental: {
+    swcPlugins: [
+      ['plugin', {
+        ..pluginOptions
+      }]
+    ]
+  }
+}
+```
+
+`swcPlugins` accepts an array of tuples for configuring plugins. A tuple for the plugin contains the path to the plugin and an object for plugin configuration. The path to the plugin can be an npm module package name or an absolute path to the `.wasm` binary itself.
+
 ## Unsupported Features
 
 When your application has a `.babelrc` file, Next.js will automatically fall back to using Babel for transforming individual files. This ensures backwards compatibility with existing applications that leverage custom Babel plugins.
diff --git a/packages/next-swc/Cargo.lock b/packages/next-swc/Cargo.lock
index 6044184b557478..aa2ef0e4046791 100644
--- a/packages/next-swc/Cargo.lock
+++ b/packages/next-swc/Cargo.lock
@@ -18,7 +18,7 @@ version = "0.17.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "b9ecd88a8c8378ca913a680cd98f0f13ac67383d35993f86c90a70e3f137816b"
 dependencies = [
- "gimli",
+ "gimli 0.26.1",
 ]
 
 [[package]]
@@ -63,6 +63,12 @@ version = "1.0.56"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "4361135be9122e0870de935d7c439aef945b9f9ddd4199a553b5270b49c82a27"
 
+[[package]]
+name = "arrayref"
+version = "0.3.6"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "a4c527152e37cf757a3f78aae5a06fbeefdb07ccc535c980a3208ee3060dd544"
+
 [[package]]
 name = "arrayvec"
 version = "0.7.2"
@@ -75,7 +81,7 @@ version = "0.7.7"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "bc4c00309ed1c8104732df4a5fa9acc3b796b6f8531dfbd5ce0078c86f997244"
 dependencies = [
- "darling",
+ "darling 0.10.2",
  "pmutil",
  "proc-macro2",
  "quote",
@@ -123,10 +129,16 @@ dependencies = [
  "cfg-if 1.0.0",
  "libc",
  "miniz_oxide",
- "object",
+ "object 0.27.1",
  "rustc-demangle",
 ]
 
+[[package]]
+name = "base-x"
+version = "0.2.10"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "dc19a4937b4fbd3fe3379793130e42060d10627a360f2127802b10b87e7baf74"
+
 [[package]]
 name = "base64"
 version = "0.11.0"
@@ -154,6 +166,20 @@ version = "1.3.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "bef38d45163c2f1dde094a7dfd33ccf595c92905c8f8f4fdc18d06fb1037718a"
 
+[[package]]
+name = "blake3"
+version = "1.3.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "a08e53fc5a564bb15bfe6fae56bd71522205f1f91893f9c0116edad6496c183f"
+dependencies = [
+ "arrayref",
+ "arrayvec",
+ "cc",
+ "cfg-if 1.0.0",
+ "constant_time_eq",
+ "digest 0.10.3",
+]
+
 [[package]]
 name = "block-buffer"
 version = "0.7.3"
@@ -220,6 +246,27 @@ version = "0.3.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "e3b5ca7a04898ad4bcd41c90c5285445ff5b791899bb1b0abdd2a2aa791211d7"
 
+[[package]]
+name = "bytecheck"
+version = "0.6.8"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "3a31f923c2db9513e4298b72df143e6e655a759b3d6a0966df18f81223fff54f"
+dependencies = [
+ "bytecheck_derive",
+ "ptr_meta",
+]
+
+[[package]]
+name = "bytecheck_derive"
+version = "0.6.8"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "edb17c862a905d912174daa27ae002326fff56dc8b8ada50a0a5f0976cb174f0"
+dependencies = [
+ "proc-macro2",
+ "quote",
+ "syn",
+]
+
 [[package]]
 name = "byteorder"
 version = "1.4.3"
@@ -254,7 +301,7 @@ dependencies = [
  "libc",
  "num-integer",
  "num-traits",
- "time",
+ "time 0.1.43",
  "wasm-bindgen",
  "winapi",
 ]
@@ -278,6 +325,18 @@ dependencies = [
  "wasm-bindgen",
 ]
 
+[[package]]
+name = "const_fn"
+version = "0.4.9"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "fbdcdcb6d86f71c5e97409ad45898af11cbc995b4ee8112d59095a28d376c935"
+
+[[package]]
+name = "constant_time_eq"
+version = "0.1.5"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "245097e9a4535ee1e3e3931fcfcd55a796a44c643e8596ff6566d68f09b87bbc"
+
 [[package]]
 name = "cpufeatures"
 version = "0.2.1"
@@ -287,6 +346,66 @@ dependencies = [
  "libc",
 ]
 
+[[package]]
+name = "cranelift-bforest"
+version = "0.76.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "7e6bea67967505247f54fa2c85cf4f6e0e31c4e5692c9b70e4ae58e339067333"
+dependencies = [
+ "cranelift-entity",
+]
+
+[[package]]
+name = "cranelift-codegen"
+version = "0.76.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "48194035d2752bdd5bdae429e3ab88676e95f52a2b1355a5d4e809f9e39b1d74"
+dependencies = [
+ "cranelift-bforest",
+ "cranelift-codegen-meta",
+ "cranelift-codegen-shared",
+ "cranelift-entity",
+ "gimli 0.25.0",
+ "log",
+ "regalloc",
+ "smallvec",
+ "target-lexicon",
+]
+
+[[package]]
+name = "cranelift-codegen-meta"
+version = "0.76.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "976efb22fcab4f2cd6bd4e9913764616a54d895c1a23530128d04e03633c555f"
+dependencies = [
+ "cranelift-codegen-shared",
+ "cranelift-entity",
+]
+
+[[package]]
+name = "cranelift-codegen-shared"
+version = "0.76.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "9dabb5fe66e04d4652e434195b45ae65b5c8172d520247b8f66d8df42b2b45dc"
+
+[[package]]
+name = "cranelift-entity"
+version = "0.76.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "3329733e4d4b8e91c809efcaa4faee80bf66f20164e3dd16d707346bd3494799"
+
+[[package]]
+name = "cranelift-frontend"
+version = "0.76.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "279afcc0d3e651b773f94837c3d581177b348c8d69e928104b2e9fccb226f921"
+dependencies = [
+ "cranelift-codegen",
+ "log",
+ "smallvec",
+ "target-lexicon",
+]
+
 [[package]]
 name = "crc"
 version = "2.1.0"
@@ -302,6 +421,15 @@ version = "1.1.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "ccaeedb56da03b09f598226e25e80088cb4cd25f316e6e4df7d695f0feeb1403"
 
+[[package]]
+name = "crc32fast"
+version = "1.3.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "b540bd8bc810d3885c6ea91e2018302f68baba2129ab3e88f32389ee9370880d"
+dependencies = [
+ "cfg-if 1.0.0",
+]
+
 [[package]]
 name = "crossbeam-channel"
 version = "0.5.2"
@@ -378,8 +506,18 @@ version = "0.10.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "0d706e75d87e35569db781a9b5e2416cff1236a47ed380831f959382ccd5f858"
 dependencies = [
- "darling_core",
- "darling_macro",
+ "darling_core 0.10.2",
+ "darling_macro 0.10.2",
+]
+
+[[package]]
+name = "darling"
+version = "0.13.4"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "a01d95850c592940db9b8194bc39f4bc0e89dee5c4265e4b1807c34a9aba453c"
+dependencies = [
+ "darling_core 0.13.4",
+ "darling_macro 0.13.4",
 ]
 
 [[package]]
@@ -396,13 +534,37 @@ dependencies = [
  "syn",
 ]
 
+[[package]]
+name = "darling_core"
+version = "0.13.4"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "859d65a907b6852c9361e3185c862aae7fafd2887876799fa55f5f99dc40d610"
+dependencies = [
+ "fnv",
+ "ident_case",
+ "proc-macro2",
+ "quote",
+ "syn",
+]
+
 [[package]]
 name = "darling_macro"
 version = "0.10.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "d9b5a2f4ac4969822c62224815d069952656cadc7084fdca9751e6d959189b72"
 dependencies = [
- "darling_core",
+ "darling_core 0.10.2",
+ "quote",
+ "syn",
+]
+
+[[package]]
+name = "darling_macro"
+version = "0.13.4"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "9c972679f83bdf9c42bd905396b6c3588a843a17f0f16dfcfa3e2c5d57441835"
+dependencies = [
+ "darling_core 0.13.4",
  "quote",
  "syn",
 ]
@@ -456,8 +618,15 @@ checksum = "f2fb860ca6fafa5552fb6d0e816a69c8e49f0908bf524e30a90d97c85892d506"
 dependencies = [
  "block-buffer 0.10.2",
  "crypto-common",
+ "subtle",
 ]
 
+[[package]]
+name = "discard"
+version = "1.0.4"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "212d0f5754cb6769937f4501cc0e67f4f4483c8d2c3e1e922ee9edbe4ab4c7c0"
+
 [[package]]
 name = "easy-error"
 version = "1.0.0"
@@ -470,6 +639,26 @@ version = "1.6.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "e78d4f1cc4ae33bbfc157ed5d5a5ef3bc29227303d595861deb238fcec4e9457"
 
+[[package]]
+name = "enum-iterator"
+version = "0.7.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "4eeac5c5edb79e4e39fe8439ef35207780a11f69c52cbe424ce3dfad4cb78de6"
+dependencies = [
+ "enum-iterator-derive",
+]
+
+[[package]]
+name = "enum-iterator-derive"
+version = "0.7.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "c134c37760b27a871ba422106eedbb8247da973a09e82558bf26d619c882b159"
+dependencies = [
+ "proc-macro2",
+ "quote",
+ "syn",
+]
+
 [[package]]
 name = "enum_kind"
 version = "0.2.1"
@@ -482,12 +671,39 @@ dependencies = [
  "syn",
 ]
 
+[[package]]
+name = "enumset"
+version = "1.0.11"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "4799cdb24d48f1f8a7a98d06b7fde65a85a2d1e42b25a889f5406aa1fbefe074"
+dependencies = [
+ "enumset_derive",
+]
+
+[[package]]
+name = "enumset_derive"
+version = "0.6.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "ea83a3fbdc1d999ccfbcbee717eab36f8edf2d71693a23ce0d7cca19e085304c"
+dependencies = [
+ "darling 0.13.4",
+ "proc-macro2",
+ "quote",
+ "syn",
+]
+
 [[package]]
 name = "fake-simd"
 version = "0.1.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "e88a8acf291dafb59c2d96e8f59828f3838bb1a70398823ade51a84de6a6deed"
 
+[[package]]
+name = "fallible-iterator"
+version = "0.2.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "4443176a9f2c162692bd3d352d745ef9413eec5782a80d8fd6f8a1ac692a07f7"
+
 [[package]]
 name = "fastrand"
 version = "1.7.0"
@@ -546,6 +762,15 @@ dependencies = [
  "byteorder",
 ]
 
+[[package]]
+name = "generational-arena"
+version = "0.2.8"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "8e1d3b771574f62d0548cee0ad9057857e9fc25d7a3335f140c84f6acd0bf601"
+dependencies = [
+ "cfg-if 0.1.10",
+]
+
 [[package]]
 name = "generic-array"
 version = "0.12.4"
@@ -572,8 +797,21 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "d39cd93900197114fa1fcb7ae84ca742095eed9442088988ae74fa744e930e77"
 dependencies = [
  "cfg-if 1.0.0",
+ "js-sys",
  "libc",
  "wasi",
+ "wasm-bindgen",
+]
+
+[[package]]
+name = "gimli"
+version = "0.25.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "f0a01e0497841a3b2db4f8afa483cce65f7e96a3498bd6c541734792aeac8fe7"
+dependencies = [
+ "fallible-iterator",
+ "indexmap",
+ "stable_deref_trait",
 ]
 
 [[package]]
@@ -611,6 +849,15 @@ dependencies = [
  "ahash",
 ]
 
+[[package]]
+name = "hashbrown"
+version = "0.12.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "db0d4cf898abf0081f964436dc980e96670a0f36863e4b83aaacdb65c9d7ccc3"
+dependencies = [
+ "ahash",
+]
+
 [[package]]
 name = "hermit-abi"
 version = "0.1.19"
@@ -656,7 +903,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "282a6247722caba404c065016bbfa522806e51714c34f5dfc3e4a3a46fcb4223"
 dependencies = [
  "autocfg",
- "hashbrown",
+ "hashbrown 0.11.2",
  "rayon",
  "serde",
 ]
@@ -706,9 +953,9 @@ checksum = "1aab8fc367588b89dcee83ab0fd66b72b50b72fa1904d7095045ace2b0c81c35"
 
 [[package]]
 name = "js-sys"
-version = "0.3.49"
+version = "0.3.57"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "dc15e39392125075f60c95ba416f5381ff6c3a948ff02ab12464715adf56c821"
+checksum = "671a26f820db17c2a2750743f1dd03bafd15b98c9f30c7c2628c024c05d73397"
 dependencies = [
  "wasm-bindgen",
 ]
@@ -731,6 +978,12 @@ version = "1.4.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "e2abad23fbc42b3700f2f279844dc832adb2b2eb069b2df918f455c4e18cc646"
 
+[[package]]
+name = "leb128"
+version = "0.2.5"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "884e2677b40cc8c339eaefcb701c32ef1fd2493d71118dc0ca4b6a736c93bd67"
+
 [[package]]
 name = "lexical"
 version = "6.1.0"
@@ -810,6 +1063,16 @@ version = "0.2.119"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "1bf2e165bb3457c8e098ea76f3e3bc9db55f87aa90d52d0e6be741470916aaa4"
 
+[[package]]
+name = "libloading"
+version = "0.7.3"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "efbc0f03f9a775e9f6aed295c6a1ba2253c5757a9e03d55c6caa46a681abcddd"
+dependencies = [
+ "cfg-if 1.0.0",
+ "winapi",
+]
+
 [[package]]
 name = "lock_api"
 version = "0.4.6"
@@ -828,13 +1091,43 @@ dependencies = [
  "cfg-if 1.0.0",
 ]
 
+[[package]]
+name = "loupe"
+version = "0.1.3"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "9b6a72dfa44fe15b5e76b94307eeb2ff995a8c5b283b55008940c02e0c5b634d"
+dependencies = [
+ "indexmap",
+ "loupe-derive",
+ "rustversion",
+]
+
+[[package]]
+name = "loupe-derive"
+version = "0.1.3"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "c0fbfc88337168279f2e9ae06e157cfed4efd3316e14dc96ed074d4f2e6c5952"
+dependencies = [
+ "quote",
+ "syn",
+]
+
 [[package]]
 name = "lru"
 version = "0.7.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "fcb87f3080f6d1d69e8c564c0fcfde1d7aa8cc451ce40cae89479111f03bc0eb"
 dependencies = [
- "hashbrown",
+ "hashbrown 0.11.2",
+]
+
+[[package]]
+name = "mach"
+version = "0.3.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "b823e83b2affd8f40a9ee8c29dbc56404c1e34cd2710921f2801e2cf29527afa"
+dependencies = [
+ "libc",
 ]
 
 [[package]]
@@ -864,6 +1157,15 @@ version = "2.4.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "308cc39be01b73d0d18f82a0e7b2a3df85245f84af96fdddc5d202d27e47b86a"
 
+[[package]]
+name = "memmap2"
+version = "0.5.3"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "057a3db23999c867821a7a59feb06a578fcb03685e983dff90daf9e7d24ac08f"
+dependencies = [
+ "libc",
+]
+
 [[package]]
 name = "memoffset"
 version = "0.6.5"
@@ -954,6 +1256,12 @@ dependencies = [
  "testing",
 ]
 
+[[package]]
+name = "more-asserts"
+version = "0.2.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "7843ec2de400bcbc6a6328c958dc38e5359da6e93e72e37bc5246bf1ae776389"
+
 [[package]]
 name = "napi"
 version = "1.8.0"
@@ -1019,9 +1327,12 @@ dependencies = [
  "swc_ecma_transforms_testing",
  "swc_ecmascript",
  "swc_emotion",
+ "swc_plugin_runner",
  "testing",
  "tracing",
  "walkdir",
+ "wasmer",
+ "wasmer-wasi",
 ]
 
 [[package]]
@@ -1045,10 +1356,13 @@ dependencies = [
  "swc_ecma_loader",
  "swc_ecmascript",
  "swc_node_base",
+ "swc_plugin_runner",
  "tracing",
  "tracing-chrome",
  "tracing-futures",
  "tracing-subscriber",
+ "wasmer",
+ "wasmer-wasi",
 ]
 
 [[package]]
@@ -1120,6 +1434,18 @@ dependencies = [
  "memchr",
 ]
 
+[[package]]
+name = "object"
+version = "0.28.4"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "e42c982f2d955fac81dd7e1d0e1426a7d702acd9c98d19ab01083a6a0328c424"
+dependencies = [
+ "crc32fast",
+ "hashbrown 0.11.2",
+ "indexmap",
+ "memchr",
+]
+
 [[package]]
 name = "once_cell"
 version = "1.10.0"
@@ -1426,6 +1752,26 @@ dependencies = [
  "unicode-xid",
 ]
 
+[[package]]
+name = "ptr_meta"
+version = "0.1.4"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "0738ccf7ea06b608c10564b31debd4f5bc5e197fc8bfe088f68ae5ce81e7a4f1"
+dependencies = [
+ "ptr_meta_derive",
+]
+
+[[package]]
+name = "ptr_meta_derive"
+version = "0.1.4"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "16b845dbfca988fa33db069c0e230574d15a3088f147a87b64c7589eb662c9ac"
+dependencies = [
+ "proc-macro2",
+ "quote",
+ "syn",
+]
+
 [[package]]
 name = "quick-error"
 version = "2.0.1"
@@ -1517,6 +1863,17 @@ dependencies = [
  "bitflags",
 ]
 
+[[package]]
+name = "regalloc"
+version = "0.0.31"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "571f7f397d61c4755285cd37853fe8e03271c243424a907415909379659381c5"
+dependencies = [
+ "log",
+ "rustc-hash",
+ "smallvec",
+]
+
 [[package]]
 name = "regex"
 version = "1.5.5"
@@ -1543,6 +1900,18 @@ version = "0.6.25"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "f497285884f3fcff424ffc933e56d7cbca511def0c9831a7f9b5f6153e3cc89b"
 
+[[package]]
+name = "region"
+version = "3.0.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "76e189c2369884dce920945e2ddf79b3dff49e071a167dd1817fa9c4c00d512e"
+dependencies = [
+ "bitflags",
+ "libc",
+ "mach",
+ "winapi",
+]
+
 [[package]]
 name = "relative-path"
 version = "1.6.1"
@@ -1558,6 +1927,15 @@ dependencies = [
  "winapi",
 ]
 
+[[package]]
+name = "rend"
+version = "0.3.6"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "79af64b4b6362ffba04eef3a4e10829718a4896dac19daa741851c86781edf95"
+dependencies = [
+ "bytecheck",
+]
+
 [[package]]
 name = "retain_mut"
 version = "0.1.7"
@@ -1565,17 +1943,42 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "8c31b5c4033f8fdde8700e4657be2c497e7288f01515be52168c631e2e4d4086"
 
 [[package]]
-name = "rustc-demangle"
-version = "0.1.21"
+name = "rkyv"
+version = "0.7.38"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "7ef03e0a2b150c7a90d01faf6254c9c48a41e95fb2a8c2ac1c6f0d2b9aefc342"
+checksum = "517a3034eb2b1499714e9d1e49b2367ad567e07639b69776d35e259d9c27cca6"
+dependencies = [
+ "bytecheck",
+ "hashbrown 0.12.1",
+ "ptr_meta",
+ "rend",
+ "rkyv_derive",
+ "seahash",
+]
 
 [[package]]
-name = "rustc-hash"
-version = "1.1.0"
+name = "rkyv_derive"
+version = "0.7.38"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "08d43f7aa6b08d49f382cde6a7982047c3426db949b1424bc4b7ec9ae12c6ce2"
-
+checksum = "505c209ee04111a006431abf39696e640838364d67a107c559ababaf6fd8c9dd"
+dependencies = [
+ "proc-macro2",
+ "quote",
+ "syn",
+]
+
+[[package]]
+name = "rustc-demangle"
+version = "0.1.21"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "7ef03e0a2b150c7a90d01faf6254c9c48a41e95fb2a8c2ac1c6f0d2b9aefc342"
+
+[[package]]
+name = "rustc-hash"
+version = "1.1.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "08d43f7aa6b08d49f382cde6a7982047c3426db949b1424bc4b7ec9ae12c6ce2"
+
 [[package]]
 name = "rustc_version"
 version = "0.2.3"
@@ -1585,6 +1988,12 @@ dependencies = [
  "semver 0.9.0",
 ]
 
+[[package]]
+name = "rustversion"
+version = "1.0.6"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "f2cc38e8fa666e2de3c4aba7edeb5ffc5246c1c2ed0e3d17e560aeeba736b23f"
+
 [[package]]
 name = "ryu"
 version = "1.0.9"
@@ -1612,6 +2021,12 @@ version = "1.1.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "d29ab0c6d3fc0ee92fe66e2d99f700eab17a8d57d1c1d3b748380fb20baa78cd"
 
+[[package]]
+name = "seahash"
+version = "4.1.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "1c107b6f4780854c8b126e228ea8869f4d7b71260f962fefb57b996b8959ba6b"
+
 [[package]]
 name = "semver"
 version = "0.9.0"
@@ -1657,6 +2072,15 @@ dependencies = [
  "wasm-bindgen",
 ]
 
+[[package]]
+name = "serde_bytes"
+version = "0.11.6"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "212e73464ebcde48d723aa02eb270ba62eff38a9b732df31f33f1b4e145f3a54"
+dependencies = [
+ "serde",
+]
+
 [[package]]
 name = "serde_derive"
 version = "1.0.136"
@@ -1702,6 +2126,21 @@ dependencies = [
  "digest 0.10.3",
 ]
 
+[[package]]
+name = "sha1"
+version = "0.6.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "c1da05c97445caa12d05e848c4a4fcbbea29e748ac28f7e80e9b010392063770"
+dependencies = [
+ "sha1_smol",
+]
+
+[[package]]
+name = "sha1_smol"
+version = "1.0.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "ae1a47186c03a32177042e55dbc5fd5aee900b8e0069a8d70fba96a9375cd012"
+
 [[package]]
 name = "sharded-slab"
 version = "0.1.4"
@@ -1717,6 +2156,12 @@ version = "0.3.10"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "7bd3e3206899af3f8b12af284fafc038cc1dc2b41d1b89dd17297221c5d225de"
 
+[[package]]
+name = "slab"
+version = "0.4.6"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "eb703cfe953bccee95685111adeedb76fabe4e97549a58d16f03ea7b9367bb32"
+
 [[package]]
 name = "smallvec"
 version = "1.8.0"
@@ -1755,6 +2200,21 @@ dependencies = [
  "static-map-macro",
 ]
 
+[[package]]
+name = "stable_deref_trait"
+version = "1.2.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "a8f112729512f8e442d81f95a8a7ddf2b7c6b8a1a6f509a95864142b30cab2d3"
+
+[[package]]
+name = "standback"
+version = "0.2.17"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "e113fb6f3de07a243d434a56ec6f186dfd51cb08448239fe7bcae73f87ff28ff"
+dependencies = [
+ "version_check",
+]
+
 [[package]]
 name = "static-map-macro"
 version = "0.2.3"
@@ -1773,6 +2233,55 @@ version = "1.1.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "a2eb9349b6444b326872e140eb1cf5e7c522154d69e7a0ffb0fb81c06b37543f"
 
+[[package]]
+name = "stdweb"
+version = "0.4.20"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "d022496b16281348b52d0e30ae99e01a73d737b2f45d38fed4edf79f9325a1d5"
+dependencies = [
+ "discard",
+ "rustc_version",
+ "stdweb-derive",
+ "stdweb-internal-macros",
+ "stdweb-internal-runtime",
+ "wasm-bindgen",
+]
+
+[[package]]
+name = "stdweb-derive"
+version = "0.5.3"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "c87a60a40fccc84bef0652345bbbbbe20a605bf5d0ce81719fc476f5c03b50ef"
+dependencies = [
+ "proc-macro2",
+ "quote",
+ "serde",
+ "serde_derive",
+ "syn",
+]
+
+[[package]]
+name = "stdweb-internal-macros"
+version = "0.2.9"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "58fa5ff6ad0d98d1ffa8cb115892b6e69d67799f6763e162a1c9db421dc22e11"
+dependencies = [
+ "base-x",
+ "proc-macro2",
+ "quote",
+ "serde",
+ "serde_derive",
+ "serde_json",
+ "sha1",
+ "syn",
+]
+
+[[package]]
+name = "stdweb-internal-runtime"
+version = "0.1.5"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "213701ba3370744dcd1a12960caa4843b3d68b4d1c0a5d575e0d65b2ee9d16c0"
+
 [[package]]
 name = "string_cache"
 version = "0.8.4"
@@ -1849,6 +2358,12 @@ dependencies = [
  "tracing",
 ]
 
+[[package]]
+name = "subtle"
+version = "2.4.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "6bdef32e8150c2a081110b42772ffe7d7c9032b606bc226c8260fd97e0976601"
+
 [[package]]
 name = "supports-color"
 version = "1.3.0"
@@ -1920,6 +2435,8 @@ dependencies = [
  "swc_ecmascript",
  "swc_error_reporters",
  "swc_node_comments",
+ "swc_plugin_proxy",
+ "swc_plugin_runner",
  "swc_timer",
  "swc_visit",
  "tracing",
@@ -1991,6 +2508,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "e4516bf4969a924bfd1801aed5c4b214687665898c14b7584d227827faff9d6c"
 dependencies = [
  "ahash",
+ "anyhow",
  "ast_node",
  "atty",
  "better_scoped_tls",
@@ -2001,6 +2519,7 @@ dependencies = [
  "num-bigint",
  "once_cell",
  "parking_lot",
+ "rkyv",
  "rustc-hash",
  "serde",
  "siphasher",
@@ -2154,7 +2673,6 @@ checksum = "21f40169fe465e9a93cda5fe397c3afcb69be5ba2f76c4ab22137af6effaebcc"
 dependencies = [
  "is-macro",
  "num-bigint",
- "scoped-tls",
  "serde",
  "string_enum",
  "swc_atoms",
@@ -2702,6 +3220,37 @@ dependencies = [
  "swc_common",
 ]
 
+[[package]]
+name = "swc_plugin_proxy"
+version = "0.3.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "b0dd13c8e1a546e057cbaca1d1e8631669ef8eaebf86f81f920eff685a18ca67"
+dependencies = [
+ "better_scoped_tls",
+ "rkyv",
+ "swc_common",
+]
+
+[[package]]
+name = "swc_plugin_runner"
+version = "0.55.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "ce4e6f44447fc350c14503d2758379c7bf255696db0b1450af65bb6c6a81d231"
+dependencies = [
+ "anyhow",
+ "once_cell",
+ "parking_lot",
+ "serde",
+ "serde_json",
+ "swc_common",
+ "swc_ecma_ast",
+ "swc_plugin_proxy",
+ "tracing",
+ "wasmer",
+ "wasmer-cache",
+ "wasmer-wasi",
+]
+
 [[package]]
 name = "swc_timer"
 version = "0.6.0"
@@ -2748,15 +3297,21 @@ dependencies = [
 
 [[package]]
 name = "syn"
-version = "1.0.65"
+version = "1.0.92"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "f3a1d708c221c5a612956ef9f75b37e454e88d1f7b899fbd3a18d4252012d663"
+checksum = "7ff7c592601f11445996a06f8ad0c27f094a58857c2f89e97974ab9235b92c52"
 dependencies = [
  "proc-macro2",
  "quote",
  "unicode-xid",
 ]
 
+[[package]]
+name = "target-lexicon"
+version = "0.12.3"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "d7fa7e55043acb85fca6b3c01485a2eeb6b69c5d21002e273c79e465f43b7ac1"
+
 [[package]]
 name = "tempfile"
 version = "3.3.0"
@@ -2896,6 +3451,44 @@ dependencies = [
  "winapi",
 ]
 
+[[package]]
+name = "time"
+version = "0.2.27"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "4752a97f8eebd6854ff91f1c1824cd6160626ac4bd44287f7f4ea2035a02a242"
+dependencies = [
+ "const_fn",
+ "libc",
+ "standback",
+ "stdweb",
+ "time-macros",
+ "version_check",
+ "winapi",
+]
+
+[[package]]
+name = "time-macros"
+version = "0.1.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "957e9c6e26f12cb6d0dd7fc776bb67a706312e7299aed74c8dd5b17ebb27e2f1"
+dependencies = [
+ "proc-macro-hack",
+ "time-macros-impl",
+]
+
+[[package]]
+name = "time-macros-impl"
+version = "0.1.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "fd3c141a1b43194f3f56a1411225df8646c55781d5f26db825b3d98507eb482f"
+dependencies = [
+ "proc-macro-hack",
+ "proc-macro2",
+ "quote",
+ "standback",
+ "syn",
+]
+
 [[package]]
 name = "tinyvec"
 version = "1.5.1"
@@ -2918,6 +3511,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "5d0ecdcb44a79f0fe9844f0c4f33a342cbcbb5117de8001e6ba0dc2351327d09"
 dependencies = [
  "cfg-if 1.0.0",
+ "log",
  "pin-project-lite",
  "tracing-attributes",
  "tracing-core",
@@ -3116,6 +3710,7 @@ version = "0.0.0"
 dependencies = [
  "anyhow",
  "console_error_panic_hook",
+ "getrandom",
  "next-swc",
  "once_cell",
  "parking_lot_core 0.8.0",
@@ -3125,16 +3720,19 @@ dependencies = [
  "swc",
  "swc_common",
  "swc_ecmascript",
+ "swc_plugin_runner",
  "tracing",
  "wasm-bindgen",
  "wasm-bindgen-futures",
+ "wasmer",
+ "wasmer-wasi",
 ]
 
 [[package]]
 name = "wasm-bindgen"
-version = "0.2.72"
+version = "0.2.80"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "8fe8f61dba8e5d645a4d8132dc7a0a66861ed5e1045d2c0ed940fab33bac0fbe"
+checksum = "27370197c907c55e3f1a9fbe26f44e937fe6451368324e009cba39e139dc08ad"
 dependencies = [
  "cfg-if 1.0.0",
  "serde",
@@ -3144,9 +3742,9 @@ dependencies = [
 
 [[package]]
 name = "wasm-bindgen-backend"
-version = "0.2.72"
+version = "0.2.80"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "046ceba58ff062da072c7cb4ba5b22a37f00a302483f7e2a6cdc18fedbdc1fd3"
+checksum = "53e04185bfa3a779273da532f5025e33398409573f348985af9a1cbf3774d3f4"
 dependencies = [
  "bumpalo",
  "lazy_static",
@@ -3171,9 +3769,9 @@ dependencies = [
 
 [[package]]
 name = "wasm-bindgen-macro"
-version = "0.2.72"
+version = "0.2.80"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "0ef9aa01d36cda046f797c57959ff5f3c615c9cc63997a8d545831ec7976819b"
+checksum = "17cae7ff784d7e83a2fe7611cfe766ecf034111b49deb850a3dc7699c08251f5"
 dependencies = [
  "quote",
  "wasm-bindgen-macro-support",
@@ -3181,9 +3779,9 @@ dependencies = [
 
 [[package]]
 name = "wasm-bindgen-macro-support"
-version = "0.2.72"
+version = "0.2.80"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "96eb45c1b2ee33545a813a92dbb53856418bf7eb54ab34f7f7ff1448a5b3735d"
+checksum = "99ec0dc7a4756fffc231aab1b9f2f578d23cd391390ab27f952ae0c9b3ece20b"
 dependencies = [
  "proc-macro2",
  "quote",
@@ -3194,9 +3792,283 @@ dependencies = [
 
 [[package]]
 name = "wasm-bindgen-shared"
-version = "0.2.72"
+version = "0.2.80"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "b7148f4696fb4960a346eaa60bbfb42a1ac4ebba21f750f75fc1375b098d5ffa"
+checksum = "d554b7f530dee5964d9a9468d95c1f8b8acae4f282807e7d27d4b03099a46744"
+
+[[package]]
+name = "wasmer"
+version = "2.2.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "f727a39e7161f7438ddb8eafe571b67c576a8c2fb459f666d9053b5bba4afdea"
+dependencies = [
+ "cfg-if 1.0.0",
+ "indexmap",
+ "js-sys",
+ "loupe",
+ "more-asserts",
+ "target-lexicon",
+ "thiserror",
+ "wasm-bindgen",
+ "wasmer-compiler",
+ "wasmer-compiler-cranelift",
+ "wasmer-derive",
+ "wasmer-engine",
+ "wasmer-engine-dylib",
+ "wasmer-engine-universal",
+ "wasmer-types",
+ "wasmer-vm",
+ "wasmparser",
+ "wat",
+ "winapi",
+]
+
+[[package]]
+name = "wasmer-cache"
+version = "2.2.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "c692dabf8b2c55d7885f1b72b4f707876c24a89701a5530e50b16da17c9d3e02"
+dependencies = [
+ "blake3",
+ "hex",
+ "thiserror",
+ "wasmer",
+]
+
+[[package]]
+name = "wasmer-compiler"
+version = "2.2.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "4e9951599222eb12bd13d4d91bcded0a880e4c22c2dfdabdf5dc7e5e803b7bf3"
+dependencies = [
+ "enumset",
+ "loupe",
+ "rkyv",
+ "serde",
+ "serde_bytes",
+ "smallvec",
+ "target-lexicon",
+ "thiserror",
+ "wasmer-types",
+ "wasmer-vm",
+ "wasmparser",
+]
+
+[[package]]
+name = "wasmer-compiler-cranelift"
+version = "2.2.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "44c83273bce44e668f3a2b9ccb7f1193db918b1d6806f64acc5ff71f6ece5f20"
+dependencies = [
+ "cranelift-codegen",
+ "cranelift-entity",
+ "cranelift-frontend",
+ "gimli 0.25.0",
+ "loupe",
+ "more-asserts",
+ "rayon",
+ "smallvec",
+ "target-lexicon",
+ "tracing",
+ "wasmer-compiler",
+ "wasmer-types",
+ "wasmer-vm",
+]
+
+[[package]]
+name = "wasmer-derive"
+version = "2.2.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "458dbd9718a837e6dbc52003aef84487d79eedef5fa28c7d28b6784be98ac08e"
+dependencies = [
+ "proc-macro-error",
+ "proc-macro2",
+ "quote",
+ "syn",
+]
+
+[[package]]
+name = "wasmer-engine"
+version = "2.2.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "6ed603a6d037ebbb14014d7f739ae996a78455a4b86c41cfa4e81c590a1253b9"
+dependencies = [
+ "backtrace",
+ "enumset",
+ "lazy_static",
+ "loupe",
+ "memmap2",
+ "more-asserts",
+ "rustc-demangle",
+ "serde",
+ "serde_bytes",
+ "target-lexicon",
+ "thiserror",
+ "wasmer-compiler",
+ "wasmer-types",
+ "wasmer-vm",
+]
+
+[[package]]
+name = "wasmer-engine-dylib"
+version = "2.2.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "ccd7fdc60e252a795c849b3f78a81a134783051407e7e279c10b7019139ef8dc"
+dependencies = [
+ "cfg-if 1.0.0",
+ "enum-iterator",
+ "enumset",
+ "leb128",
+ "libloading",
+ "loupe",
+ "object 0.28.4",
+ "rkyv",
+ "serde",
+ "tempfile",
+ "tracing",
+ "wasmer-compiler",
+ "wasmer-engine",
+ "wasmer-object",
+ "wasmer-types",
+ "wasmer-vm",
+ "which",
+]
+
+[[package]]
+name = "wasmer-engine-universal"
+version = "2.2.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "dcff0cd2c01a8de6009fd863b14ea883132a468a24f2d2ee59dc34453d3a31b5"
+dependencies = [
+ "cfg-if 1.0.0",
+ "enum-iterator",
+ "enumset",
+ "leb128",
+ "loupe",
+ "region",
+ "rkyv",
+ "wasmer-compiler",
+ "wasmer-engine",
+ "wasmer-types",
+ "wasmer-vm",
+ "winapi",
+]
+
+[[package]]
+name = "wasmer-object"
+version = "2.2.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "24ce18ac2877050e59580d27ee1a88f3192d7a31e77fbba0852abc7888d6e0b5"
+dependencies = [
+ "object 0.28.4",
+ "thiserror",
+ "wasmer-compiler",
+ "wasmer-types",
+]
+
+[[package]]
+name = "wasmer-types"
+version = "2.2.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "659fa3dd6c76f62630deff4ac8c7657b07f0b1e4d7e0f8243a552b9d9b448e24"
+dependencies = [
+ "indexmap",
+ "loupe",
+ "rkyv",
+ "serde",
+ "thiserror",
+]
+
+[[package]]
+name = "wasmer-vfs"
+version = "2.2.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "f02fc47308cf5cf2cc039ec61c098773320b3d3c099434f20580bd143beee63b"
+dependencies = [
+ "libc",
+ "slab",
+ "thiserror",
+ "tracing",
+]
+
+[[package]]
+name = "wasmer-vm"
+version = "2.2.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "afdc46158517c2769f9938bc222a7d41b3bb330824196279d8aa2d667cd40641"
+dependencies = [
+ "backtrace",
+ "cc",
+ "cfg-if 1.0.0",
+ "enum-iterator",
+ "indexmap",
+ "libc",
+ "loupe",
+ "memoffset",
+ "more-asserts",
+ "region",
+ "rkyv",
+ "serde",
+ "thiserror",
+ "wasmer-types",
+ "winapi",
+]
+
+[[package]]
+name = "wasmer-wasi"
+version = "2.2.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "3087d48fe015928118ae23f66f05b533e75fbea5dfcd64c75a74b7b5f941cc65"
+dependencies = [
+ "cfg-if 1.0.0",
+ "generational-arena",
+ "getrandom",
+ "libc",
+ "thiserror",
+ "tracing",
+ "wasm-bindgen",
+ "wasmer",
+ "wasmer-vfs",
+ "wasmer-wasi-types",
+ "winapi",
+]
+
+[[package]]
+name = "wasmer-wasi-types"
+version = "2.2.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "69adbd8d0d89cd19fb8b1e0252c76e3f72dbc65c944f0db7a9c28c4157fbcd3a"
+dependencies = [
+ "byteorder",
+ "time 0.2.27",
+ "wasmer-types",
+]
+
+[[package]]
+name = "wasmparser"
+version = "0.78.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "52144d4c78e5cf8b055ceab8e5fa22814ce4315d6002ad32cfd914f37c12fd65"
+
+[[package]]
+name = "wast"
+version = "40.0.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "9bb4f48a8b083dbc50e291e430afb8f524092bb00428957bcc63f49f856c64ac"
+dependencies = [
+ "leb128",
+ "memchr",
+ "unicode-width",
+]
+
+[[package]]
+name = "wat"
+version = "1.0.42"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "0401b6395ce0db91629a75b29597ccb66ea29950af9fc859f1bb3a736609c76e"
+dependencies = [
+ "wast",
+]
 
 [[package]]
 name = "web-sys"
@@ -3208,6 +4080,17 @@ dependencies = [
  "wasm-bindgen",
 ]
 
+[[package]]
+name = "which"
+version = "4.2.4"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "2a5a7e487e921cf220206864a94a89b6c6905bfc19f1057fa26a4cb360e5c1d2"
+dependencies = [
+ "either",
+ "lazy_static",
+ "libc",
+]
+
 [[package]]
 name = "winapi"
 version = "0.3.9"
diff --git a/packages/next-swc/crates/core/Cargo.toml b/packages/next-swc/crates/core/Cargo.toml
index 421c5e9fc44bd6..47f8b0ca8e249e 100644
--- a/packages/next-swc/crates/core/Cargo.toml
+++ b/packages/next-swc/crates/core/Cargo.toml
@@ -7,6 +7,11 @@ publish = false
 [lib]
 crate-type = ["cdylib", "rlib"]
 
+[features]
+plugin = [
+  "swc/plugin"
+]
+
 [dependencies]
 chrono = "0.4"
 easy-error = "1.0.0"
@@ -21,13 +26,16 @@ swc_emotion = {path="../emotion"}
 styled_components = {path="../styled_components"}
 styled_jsx = {path="../styled_jsx"}
 modularize_imports = {path="../modularize_imports"}
-swc = "0.181.2"
+swc = { version = "0.181.2" }
 swc_atoms = "0.2.11"
 swc_common = { version = "0.18.7", features = ["concurrent", "sourcemap"] }
 swc_ecma_loader = { version = "0.30.2", features = ["node", "lru"] }
 swc_ecmascript = { version = "0.157.0", features = ["codegen", "minifier", "optimization", "parser", "react", "transforms", "typescript", "utils", "visit"] }
+swc_plugin_runner = { version = "0.55.0", optional = true, default-features = false }
 swc_cached = "0.1.1"
 tracing = { version = "0.1.32", features = ["release_max_level_info"] }
+wasmer = {version = "2.2.1", optional = true, default-features = false}
+wasmer-wasi = {version = "2.2.1", optional = true, default-features = false}
 
 [dev-dependencies]
 swc_ecma_transforms_testing = "0.87.0"
diff --git a/packages/next-swc/crates/napi/Cargo.toml b/packages/next-swc/crates/napi/Cargo.toml
index 1daa1cdddda00b..1f4c0873b89d2c 100644
--- a/packages/next-swc/crates/napi/Cargo.toml
+++ b/packages/next-swc/crates/napi/Cargo.toml
@@ -7,6 +7,19 @@ publish = false
 [lib]
 crate-type = ["cdylib", "rlib"]
 
+[features]
+# Instead of enabling all the plugin-related features by default, make it explicitly specified
+# when build (i.e napi --build --features plugin), same for the wasm as well.
+# this is due to some of transitive dependencies have features cannot be enabled at the same time
+# (i.e wasmer/default vs wasmer/js-default) while cargo merges all the features at once.
+plugin = [
+  "swc/plugin",
+  "swc_plugin_runner/default",
+  "wasmer/default",
+  "wasmer-wasi/default",
+  "next-swc/plugin"
+]
+
 [dependencies]
 anyhow = "1.0"
 backtrace = "0.3"
@@ -17,18 +30,20 @@ next-swc = {version = "0.0.0", path = "../core"}
 once_cell = "1.8.0"
 serde = "1"
 serde_json = "1"
-swc = "0.181.2"
+swc = { version = "0.181.2" }
 swc_atoms = "0.2.11"
 swc_bundler = { version = "0.147.0", features = ["concurrent"] }
 swc_common = { version = "0.18.7", features = ["concurrent", "sourcemap"] }
 swc_ecma_loader = { version = "0.30.2", features = ["node", "lru"] }
 swc_ecmascript = { version = "0.157.0", features = ["codegen", "minifier", "optimization", "parser", "react", "transforms", "typescript", "utils", "visit"] }
+swc_plugin_runner = { version = "0.55.0", optional = true, default-features = false }
 swc_node_base = "0.5.3"
 tracing = { version = "0.1.32", features = ["release_max_level_info"] }
 tracing-futures = "0.2.5"
 tracing-subscriber = "0.3.9"
-
 tracing-chrome = "0.5.0"
+wasmer = {version = "2.2.1", optional = true, default-features = false}
+wasmer-wasi = {version = "2.2.1", optional = true, default-features = false}
 
 [build-dependencies]
 napi-build = "1"
diff --git a/packages/next-swc/crates/wasm/Cargo.toml b/packages/next-swc/crates/wasm/Cargo.toml
index 924b06d53b142b..e374f3fa333ceb 100644
--- a/packages/next-swc/crates/wasm/Cargo.toml
+++ b/packages/next-swc/crates/wasm/Cargo.toml
@@ -7,6 +7,15 @@ version = "0.0.0"
 [lib]
 crate-type = ["cdylib"]
 
+[features]
+plugin = [
+  "swc/plugin",
+  "swc_plugin_runner/memory_cache",
+  "wasmer/js-default",
+  "wasmer-wasi/js-default",
+  "getrandom/js"
+]
+
 [dependencies]
 anyhow = "1.0.42"
 console_error_panic_hook = "0.1.6"
@@ -19,6 +28,10 @@ serde_json = "1"
 swc = "0.181.2"
 swc_common = { version = "0.18.7", features = ["concurrent", "sourcemap"] }
 swc_ecmascript = { version = "0.157.0", features = ["codegen", "minifier", "optimization", "parser", "react", "transforms", "typescript", "utils", "visit"] }
+swc_plugin_runner = { version = "0.55.0", default-features = false, optional = true }
 tracing = { version = "0.1.32", features = ["release_max_level_off"] }
 wasm-bindgen = {version = "0.2", features = ["serde-serialize"]}
 wasm-bindgen-futures = "0.4.8"
+wasmer = {version = "2.2.1", optional = true, default-features = false}
+wasmer-wasi = {version = "2.2.1", optional = true, default-features = false}
+getrandom = { version = "0.2.5", optional = true, default-features = false }
diff --git a/packages/next-swc/package.json b/packages/next-swc/package.json
index 3e2e0bf46f14b2..935803ec11e3f4 100644
--- a/packages/next-swc/package.json
+++ b/packages/next-swc/package.json
@@ -3,7 +3,7 @@
   "version": "12.1.7-canary.16",
   "private": true,
   "scripts": {
-    "build-native": "napi build --platform --cargo-name next_swc_napi native",
+    "build-native": "napi build --platform -p next-swc-napi --cargo-name next_swc_napi native --features plugin",
     "build-wasm": "wasm-pack build crates/wasm --scope=next"
   },
   "napi": {
diff --git a/packages/next/build/swc/options.js b/packages/next/build/swc/options.js
index ed7d1a6c07588e..54fc10e677ebb3 100644
--- a/packages/next/build/swc/options.js
+++ b/packages/next/build/swc/options.js
@@ -54,6 +54,7 @@ function getBaseSWCOptions({
       parser: parserConfig,
       experimental: {
         keepImportAssertions: true,
+        plugins: nextConfig?.experimental?.swcPlugins ?? undefined,
       },
       transform: {
         // Enables https://github.com/swc-project/swc/blob/0359deb4841be743d73db4536d4a22ac797d7f65/crates/swc_ecma_ext_transforms/src/jest.rs
diff --git a/packages/next/server/config-shared.ts b/packages/next/server/config-shared.ts
index 03d23c52c6755b..92ba9bdc972162 100644
--- a/packages/next/server/config-shared.ts
+++ b/packages/next/server/config-shared.ts
@@ -132,6 +132,7 @@ export interface ExperimentalConfig {
   >
   swcTraceProfiling?: boolean
   forceSwcTransforms?: boolean
+  swcPlugins?: Array<[string, Record<string, unknown>]>
 }
 
 /**