I'm not familiar with the term "context tracking", and management of the event loop is a bit lower level than I normally go, but I do know several runtimes use libuv (https://libuv.org) to handle asynchronous I/O, the same as Node.js (which it was created for).

I'm sure there will be JavaScript runtimes out there using some of Rust's asynchronous schedulers like tokio (https://docs.rs/tokio/latest/tokio/), too, but I wouldn't be surprised if a large number of them just do things bespoke.