styled-components is a mature, high-performance CSS-in-JS library for React and React Native. It provides a tagged template literal API (`styled.div`, `css`, `keyframes`, `ThemeProvider`) that compiles CSS at runtime and injects it into the DOM or maps it to React Native style objects. The architecture includes a custom CSS parser with interpolation sentinels, a sheet abstraction for efficient CSSOM injection (with virtual tags for SSR and CSSOM tags for client), a plugin system for vendor prefixing and RTL, a theme system with CSS custom property support, and a comprehensive React Native transform pipeline that polyfills modern CSS features (grid, animations, scroll-driven timelines, container queries, color functions, etc.). It supports React Server Components (RSC) via inline style emission and deduplication. The codebase is heavily optimized for performance, using monomorphic caches, sentinel-based interpolation, and fast-path compilation. It includes extensive test suites, benchmarks, and a showcase app. External dependencies include React (19), stylis (CSS preprocessor), and optional react-native and react-native-reanimated.