If you have an application that renders more items than Svelte can handle (not many, we're in the web, you have 15ms max per frame, on a single thread), it will simply keel over and die. Scheduling is natural in native systems, you have occlusion, prioritization and threading of course. Svelte has no means whatsoever to counter load.
With what React is attempting currently your app will render as much as it possibly can while maintaining stable 60fps, the rest gets deferred while it can differ between lesser and higher-priority updates. If you doubt how important scheduling is, look at practically any feasible list component, they're all virtualized. With React every aspect and corner of the application is like that. In theory it could outperform native apps.
Btw, there are countless of robust desktop apps being made with HTML: VSC, Whatsapp, Skype, Spotify, Notion, Hyper, Discord, Slack, ... thought most of them will still feel sluggish compared to a native counterpart. React will change that.