diff --git a/.changeset/spicy-hotels-applaud.md b/.changeset/spicy-hotels-applaud.md
new file mode 100644
index 0000000000..343a8baf4e
--- /dev/null
+++ b/.changeset/spicy-hotels-applaud.md
@@ -0,0 +1,5 @@
+---
+'svelte': minor
+---
+
+feat: parallelize more async work
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/transform-client.js b/packages/svelte/src/compiler/phases/3-transform/client/transform-client.js
index 706d2b4e10..35f54a57cb 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/transform-client.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/transform-client.js
@@ -176,7 +176,9 @@ export function client_component(analysis, options) {
 		update: /** @type {any} */ (null),
 		after_update: /** @type {any} */ (null),
 		template: /** @type {any} */ (null),
-		memoizer: /** @type {any} */ (null)
+		memoizer: /** @type {any} */ (null),
+		parallelized_chunks: [],
+		current_parallelized_chunk: null
 	};
 
 	const module = /** @type {ESTree.Program} */ (
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/types.d.ts b/packages/svelte/src/compiler/phases/3-transform/client/types.d.ts
index 59c024dfb7..46c922aa33 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/types.d.ts
+++ b/packages/svelte/src/compiler/phases/3-transform/client/types.d.ts
@@ -7,9 +7,9 @@ import type {
 	AssignmentExpression,
 	UpdateExpression,
 	VariableDeclaration,
-	Declaration
+	Pattern
 } from 'estree';
-import type { AST, Namespace, ValidatedCompileOptions } from '#compiler';
+import type { AST, Binding, Namespace, ValidatedCompileOptions } from '#compiler';
 import type { TransformState } from '../types.js';
 import type { ComponentAnalysis } from '../../types.js';
 import type { Template } from './transform-template/template.js';
@@ -83,6 +83,20 @@ export interface ComponentClientTransformState extends ClientTransformState {
 	readonly instance_level_snippets: VariableDeclaration[];
 	/** Snippets hoisted to the module */
 	readonly module_level_snippets: VariableDeclaration[];
+	/** async deriveds and certain awaited variables are chunked so they can be parallelized via `Promise.all` */
+	readonly parallelized_chunks: ParallelizedChunk[];
+	current_parallelized_chunk: ParallelizedChunk | null;
+}
+
+export interface ParallelizedChunk {
+	declarators: Array<{
+		id: Pattern | null;
+		init: Expression;
+	}>;
+	kind: VariableDeclaration['kind'] | null;
+	/** index in instance body */
+	position: number;
+	bindings: Binding[];
 }
 
 export type Context = import('zimmerframe').Context<AST.SvelteNode, ClientTransformState>;
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/utils.js b/packages/svelte/src/compiler/phases/3-transform/client/utils.js
index 19a4342b5e..aae95add35 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/utils.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/utils.js
@@ -1,7 +1,7 @@
-/** @import { ArrowFunctionExpression, AssignmentExpression, BlockStatement, Expression, FunctionDeclaration, FunctionExpression, Identifier, Node, Pattern, UpdateExpression } from 'estree' */
+/** @import { ArrowFunctionExpression, AssignmentExpression, BlockStatement, CallExpression, Expression, FunctionDeclaration, FunctionExpression, Identifier, Node, Pattern, UpdateExpression } from 'estree' */
 /** @import { Binding } from '#compiler' */
 /** @import { ClientTransformState, ComponentClientTransformState, ComponentContext } from './types.js' */
-/** @import { Analysis } from '../../types.js' */
+/** @import { Analysis, ComponentAnalysis } from '../../types.js' */
 /** @import { Scope } from '../../scope.js' */
 import * as b from '#compiler/builders';
 import { is_simple_expression } from '../../../utils/ast.js';
@@ -15,6 +15,7 @@ import {
 import { dev } from '../../../state.js';
 import { walk } from 'zimmerframe';
 import { validate_mutation } from './visitors/shared/utils.js';
+import is_reference from 'is-reference';
 
 /**
  * @param {Binding} binding
@@ -28,6 +29,79 @@ export function is_state_source(binding, analysis) {
 	);
 }
 
+/**
+ * @param {Expression} expression
+ * @param {Scope} scope
+ * @param {Analysis | ComponentAnalysis} analysis
+ * @param {Binding[]} bindings bindings currently being parallelized (and cannot be accessed)
+ * @returns {boolean}
+ */
+export function can_be_parallelized(expression, scope, analysis, bindings) {
+	let has_closures = false;
+	let should_stop = false;
+	/** @type {Set<string>} */
+	const references = new Set();
+	walk(/** @type {Node} */ (expression), null, {
+		ArrowFunctionExpression(_, { stop }) {
+			has_closures = true;
+			stop();
+		},
+		FunctionExpression(_, { stop }) {
+			has_closures = true;
+			stop();
+		},
+		Identifier(node, { path }) {
+			if (is_reference(node, /** @type {Node} */ (path.at(-1)))) {
+				references.add(node.name);
+			}
+		},
+		MemberExpression(node, { stop }) {
+			should_stop = true;
+			stop();
+		},
+		CallExpression(node, { stop }) {
+			should_stop = true;
+			stop();
+		},
+		NewExpression(node, { stop }) {
+			should_stop = true;
+			stop();
+		},
+		StaticBlock(node, { stop }) {
+			has_closures = true;
+			stop();
+		}
+	});
+	if (has_closures || should_stop) {
+		return false;
+	}
+	for (const reference of references) {
+		const binding = scope.get(reference);
+		if (!binding || binding.declaration_kind === 'import') {
+			return false;
+		}
+		if ('template' in analysis) {
+			if (binding.scope !== analysis.instance.scope) {
+				return false;
+			}
+		} else if (binding.scope !== analysis.module.scope) {
+			return false;
+		}
+
+		if (bindings.includes(binding)) {
+			return false;
+		}
+
+		if (binding.kind === 'derived') {
+			const init = /** @type {CallExpression} */ (binding.initial);
+			if (analysis.async_deriveds.has(init)) {
+				return false;
+			}
+		}
+	}
+	return true;
+}
+
 /**
  * @param {Identifier} node
  * @param {ClientTransformState} state
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/visitors/ExpressionStatement.js b/packages/svelte/src/compiler/phases/3-transform/client/visitors/ExpressionStatement.js
index 859842ebc3..90e40f7277 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/visitors/ExpressionStatement.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/visitors/ExpressionStatement.js
@@ -1,13 +1,17 @@
-/** @import { Expression, ExpressionStatement } from 'estree' */
-/** @import { ComponentContext } from '../types' */
+/** @import { Expression, ExpressionStatement, Node, Program } from 'estree' */
+/** @import { ComponentContext, ParallelizedChunk } from '../types' */
 import * as b from '#compiler/builders';
+import { is_expression_async } from '../../../../utils/ast.js';
 import { get_rune } from '../../../scope.js';
+import { can_be_parallelized } from '../utils.js';
 
 /**
  * @param {ExpressionStatement} node
  * @param {ComponentContext} context
  */
 export function ExpressionStatement(node, context) {
+	const parent = /** @type {Node} */ (context.path.at(-1));
+	const position = /** @type {Program} */ (parent).body?.indexOf?.(node);
 	if (node.expression.type === 'CallExpression') {
 		const rune = get_rune(node.expression, context.state.scope);
 
@@ -25,6 +29,40 @@ export function ExpressionStatement(node, context) {
 			return b.empty;
 		}
 	}
+	if (
+		node.expression.type === 'AwaitExpression' &&
+		!is_expression_async(node.expression.argument) &&
+		context.state.analysis.instance?.scope === context.state.scope
+	) {
+		const current_chunk = context.state.current_parallelized_chunk;
+		const parallelize = can_be_parallelized(
+			node.expression.argument,
+			context.state.scope,
+			context.state.analysis,
+			current_chunk?.bindings ?? []
+		);
+		if (parallelize) {
+			const declarator = {
+				id: null,
+				init: /** @type {Expression} */ (context.visit(node.expression.argument))
+			};
+			if (current_chunk) {
+				current_chunk.declarators.push(declarator);
+				current_chunk.position = position;
+			} else {
+				/** @type {ParallelizedChunk} */
+				const chunk = {
+					kind: null,
+					declarators: [declarator],
+					position,
+					bindings: []
+				};
+				context.state.current_parallelized_chunk = chunk;
+				context.state.parallelized_chunks.push(chunk);
+			}
+			return b.empty;
+		}
+	}
 
 	context.next();
 }
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/visitors/Identifier.js b/packages/svelte/src/compiler/phases/3-transform/client/visitors/Identifier.js
index b01ed01bd7..3df8d24cba 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/visitors/Identifier.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/visitors/Identifier.js
@@ -1,12 +1,12 @@
 /** @import { Identifier, Node } from 'estree' */
-/** @import { Context } from '../types' */
+/** @import { ComponentContext } from '../types' */
 import is_reference from 'is-reference';
 import * as b from '#compiler/builders';
 import { build_getter } from '../utils.js';
 
 /**
  * @param {Identifier} node
- * @param {Context} context
+ * @param {ComponentContext} context
  */
 export function Identifier(node, context) {
 	const parent = /** @type {Node} */ (context.path.at(-1));
@@ -35,6 +35,9 @@ export function Identifier(node, context) {
 				return b.id('$$props');
 			}
 		}
+		if (binding && context.state.current_parallelized_chunk?.bindings?.includes(binding)) {
+			context.state.current_parallelized_chunk = null;
+		}
 
 		return build_getter(node, context.state);
 	}
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/visitors/Program.js b/packages/svelte/src/compiler/phases/3-transform/client/visitors/Program.js
index 07342da314..cee3a7aaf1 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/visitors/Program.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/visitors/Program.js
@@ -5,10 +5,10 @@ import * as b from '#compiler/builders';
 import { add_state_transformers } from './shared/declarations.js';
 
 /**
- * @param {Program} _
+ * @param {Program} node
  * @param {ComponentContext} context
  */
-export function Program(_, context) {
+export function Program(node, context) {
 	if (!context.state.analysis.runes) {
 		context.state.transform['$$props'] = {
 			read: (node) => ({ ...node, name: '$$sanitized_props' })
@@ -137,5 +137,52 @@ export function Program(_, context) {
 
 	add_state_transformers(context);
 
-	context.next();
+	/** @type {Program['body']} */
+	const body = [];
+	for (let i = 0; i < node.body.length; i++) {
+		const transformed = /** @type {Program['body'][number]} */ (context.visit(node.body[i]));
+		body.push(transformed);
+	}
+	if (context.state.parallelized_chunks) {
+		let offset = 0;
+		for (const chunk of context.state.parallelized_chunks) {
+			if (chunk.declarators.length === 1) {
+				const declarator = chunk.declarators[0];
+				if (declarator.id === null || chunk.kind === null) {
+					body.splice(
+						chunk.position + offset,
+						0,
+						b.stmt(b.call(b.await(b.call('$.save', declarator.init))))
+					);
+				} else {
+					body.splice(
+						chunk.position + offset,
+						0,
+						b.declaration(chunk.kind, [
+							b.declarator(declarator.id, b.call(b.await(b.call('$.save', declarator.init))))
+						])
+					);
+				}
+			} else {
+				const pattern = b.array_pattern(chunk.declarators.map(({ id }) => id));
+				const init = b.call(
+					b.await(b.call('$.save', b.call('$.all', ...chunk.declarators.map(({ init }) => init))))
+				);
+				if (pattern.elements.every((element) => element === null)) {
+					body.splice(chunk.position + offset, 0, b.stmt(init));
+				} else {
+					body.splice(
+						chunk.position + offset,
+						0,
+						b.declaration(chunk.kind ?? 'const', [b.declarator(pattern, init)])
+					);
+				}
+			}
+			offset++;
+		}
+	}
+	return {
+		...node,
+		body
+	};
 }
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/visitors/VariableDeclaration.js b/packages/svelte/src/compiler/phases/3-transform/client/visitors/VariableDeclaration.js
index 0998dc4778..92120b01bb 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/visitors/VariableDeclaration.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/visitors/VariableDeclaration.js
@@ -1,12 +1,18 @@
-/** @import { CallExpression, Expression, Identifier, Literal, VariableDeclaration, VariableDeclarator } from 'estree' */
+/** @import { AwaitExpression, CallExpression, Expression, Identifier, Literal, Node, Program, VariableDeclaration, VariableDeclarator } from 'estree' */
 /** @import { Binding } from '#compiler' */
-/** @import { ComponentContext } from '../types' */
+/** @import { ComponentContext, ParallelizedChunk } from '../types' */
 import { dev, is_ignored, locate_node } from '../../../../state.js';
-import { extract_paths } from '../../../../utils/ast.js';
+import { extract_paths, is_expression_async } from '../../../../utils/ast.js';
 import * as b from '#compiler/builders';
 import * as assert from '../../../../utils/assert.js';
 import { get_rune } from '../../../scope.js';
-import { get_prop_source, is_prop_source, is_state_source, should_proxy } from '../utils.js';
+import {
+	can_be_parallelized,
+	get_prop_source,
+	is_prop_source,
+	is_state_source,
+	should_proxy
+} from '../utils.js';
 import { is_hoisted_function } from '../../utils.js';
 import { get_value } from './shared/declarations.js';
 
@@ -17,12 +23,14 @@ import { get_value } from './shared/declarations.js';
 export function VariableDeclaration(node, context) {
 	/** @type {VariableDeclarator[]} */
 	const declarations = [];
+	const parent = /** @type {Node} */ (context.path.at(-1));
+	const position = /** @type {Program} */ (parent).body?.indexOf?.(node);
 
 	if (context.state.analysis.runes) {
 		for (const declarator of node.declarations) {
 			const init = /** @type {Expression} */ (declarator.init);
 			const rune = get_rune(init, context.state.scope);
-
+			const bindings = context.state.scope.get_bindings(declarator);
 			if (
 				!rune ||
 				rune === '$effect.tracking' ||
@@ -39,6 +47,51 @@ export function VariableDeclaration(node, context) {
 
 					continue;
 				}
+				if (
+					init?.type === 'AwaitExpression' &&
+					context.state.analysis.instance?.scope === context.state.scope &&
+					!is_expression_async(init.argument)
+				) {
+					const current_chunk = context.state.current_parallelized_chunk;
+					const parallelize = can_be_parallelized(
+						init.argument,
+						context.state.scope,
+						context.state.analysis,
+						[...(current_chunk?.bindings ?? []), ...bindings]
+					);
+					if (parallelize) {
+						const { id, init: visited_init } = /** @type {VariableDeclarator} */ (
+							context.visit({
+								...declarator,
+								init: init.argument
+							})
+						);
+						const _declarator = {
+							id,
+							init: /** @type {Expression} */ (visited_init)
+						};
+						if (
+							current_chunk &&
+							(current_chunk.kind === node.kind || current_chunk.kind === null)
+						) {
+							current_chunk.declarators.push(_declarator);
+							current_chunk.bindings.push(...bindings);
+							current_chunk.position = /** @type {Program} */ (parent).body.indexOf(node);
+							current_chunk.kind = node.kind;
+						} else {
+							/** @type {ParallelizedChunk} */
+							const chunk = {
+								kind: node.kind,
+								declarators: [_declarator],
+								position,
+								bindings
+							};
+							context.state.current_parallelized_chunk = chunk;
+							context.state.parallelized_chunks.push(chunk);
+						}
+						continue;
+					}
+				}
 				declarations.push(/** @type {VariableDeclarator} */ (context.visit(declarator)));
 				continue;
 			}
@@ -124,47 +177,85 @@ export function VariableDeclaration(node, context) {
 			const value = /** @type {Expression} */ (args[0]) ?? b.void0; // TODO do we need the void 0? can we just omit it altogether?
 
 			if (rune === '$state' || rune === '$state.raw') {
+				const state_declarators = [];
+				const current_chunk = context.state.current_parallelized_chunk;
+				const parallelize =
+					declarator.id.type === 'Identifier' &&
+					context.state.analysis.instance?.scope === context.state.scope &&
+					value.type === 'AwaitExpression' &&
+					!is_expression_async(value.argument) &&
+					can_be_parallelized(value.argument, context.state.scope, context.state.analysis, [
+						...(current_chunk?.bindings ?? []),
+						...bindings
+					]);
 				/**
 				 * @param {Identifier} id
+				 * @param {Expression} visited
 				 * @param {Expression} value
 				 */
-				const create_state_declarator = (id, value) => {
-					const binding = /** @type {import('#compiler').Binding} */ (
-						context.state.scope.get(id.name)
-					);
+				const create_state_declarator = (id, visited, value) => {
+					const binding = /** @type {Binding} */ (context.state.scope.get(id.name));
 					const is_state = is_state_source(binding, context.state.analysis);
-					const is_proxy = should_proxy(value, context.state.scope);
+					const is_proxy = should_proxy(visited, context.state.scope);
+					const compose = [];
+					if (parallelize) {
+						if (rune === '$state' && is_proxy) {
+							compose.push(b.id('$.proxy'));
+
+							if (dev && !is_state) {
+								compose.push(
+									b.arrow([b.id('proxy')], b.call('$.tag_proxy', b.id('proxy'), b.literal(id.name)))
+								);
+							}
+						}
 
-					if (rune === '$state' && is_proxy) {
-						value = b.call('$.proxy', value);
+						if (is_state) {
+							compose.push(b.id('$.state'));
+							if (dev) {
+								compose.push(
+									b.arrow([b.id('source')], b.call('$.tag', b.id('source'), b.literal(id.name)))
+								);
+							}
+						}
+						return b.call(
+							'$.async_compose',
+							/** @type {Expression} */ (
+								context.visit(/** @type {AwaitExpression} */ (value).argument)
+							),
+							...compose
+						);
+					} else {
+						let value = visited;
+						if (rune === '$state' && is_proxy) {
+							value = b.call('$.proxy', value);
 
-						if (dev && !is_state) {
-							value = b.call('$.tag_proxy', value, b.literal(id.name));
+							if (dev && !is_state) {
+								value = b.call('$.tag_proxy', value, b.literal(id.name));
+							}
 						}
-					}
 
-					if (is_state) {
-						value = b.call('$.state', value);
+						if (is_state) {
+							value = b.call('$.state', value);
 
-						if (dev) {
-							value = b.call('$.tag', value, b.literal(id.name));
+							if (dev) {
+								value = b.call('$.tag', value, b.literal(id.name));
+							}
 						}
+						return value;
 					}
-
-					return value;
 				};
 
 				if (declarator.id.type === 'Identifier') {
 					const expression = /** @type {Expression} */ (context.visit(value));
 
-					declarations.push(
-						b.declarator(declarator.id, create_state_declarator(declarator.id, expression))
+					state_declarators.push(
+						b.declarator(declarator.id, create_state_declarator(declarator.id, expression, value))
 					);
 				} else {
 					const tmp = b.id(context.state.scope.generate('tmp'));
 					const { inserts, paths } = extract_paths(declarator.id, tmp);
 
-					declarations.push(
+					state_declarators.push(
 						b.declarator(tmp, /** @type {Expression} */ (context.visit(value))),
 						...inserts.map(({ id, value }) => {
 							id.name = context.state.scope.generate('$$array');
@@ -186,12 +277,36 @@ export function VariableDeclaration(node, context) {
 							return b.declarator(
 								path.node,
 								binding?.kind === 'state' || binding?.kind === 'raw_state'
-									? create_state_declarator(binding.node, value)
+									? create_state_declarator(binding.node, value, path.expression)
 									: value
 							);
 						})
 					);
 				}
+				if (!parallelize) {
+					declarations.push(...state_declarators);
+				} else {
+					const declarators = state_declarators.map(({ id, init }) => ({
+						id,
+						init: /** @type {Expression} */ (init)
+					}));
+					if (current_chunk && (current_chunk.kind === node.kind || current_chunk.kind === null)) {
+						current_chunk.declarators.push(...declarators);
+						current_chunk.bindings.push(...bindings);
+						current_chunk.position = position;
+						current_chunk.kind = node.kind;
+					} else {
+						/** @type {ParallelizedChunk} */
+						const chunk = {
+							kind: node.kind,
+							declarators,
+							position,
+							bindings
+						};
+						context.state.current_parallelized_chunk = chunk;
+						context.state.parallelized_chunks.push(chunk);
+					}
+				}
 
 				continue;
 			}
@@ -200,6 +315,25 @@ export function VariableDeclaration(node, context) {
 				const is_async = context.state.analysis.async_deriveds.has(
 					/** @type {CallExpression} */ (init)
 				);
+				let parallelize = false;
+				const current_chunk = context.state.current_parallelized_chunk;
+				if (
+					is_async &&
+					context.state.analysis.instance &&
+					context.state.scope === context.state.analysis.instance.scope &&
+					// TODO make it work without this
+					declarator.id.type === 'Identifier'
+				) {
+					parallelize = can_be_parallelized(value, context.state.scope, context.state.analysis, [
+						...(current_chunk?.bindings ?? []),
+						...context.state.scope.get_bindings(declarator)
+					]);
+				}
+
+				/** @type {VariableDeclarator[]} */
+				const derived_declarators = [];
+				/** @type {Binding[]} */
+				const bindings = [];
 
 				if (declarator.id.type === 'Identifier') {
 					let expression = /** @type {Expression} */ (
@@ -217,17 +351,22 @@ export function VariableDeclaration(node, context) {
 							location ? b.literal(location) : undefined
 						);
 
-						call = b.call(b.await(b.call('$.save', call)));
-						if (dev) call = b.call('$.tag', call, b.literal(declarator.id.name));
-
-						declarations.push(b.declarator(declarator.id, call));
+						if (!parallelize) call = b.call(b.await(b.call('$.save', call)));
+						if (dev) {
+							call = b.call(
+								'$.tag' + (parallelize ? '_async' : ''),
+								call,
+								b.literal(declarator.id.name)
+							);
+						}
+						bindings.push(/** @type {Binding} */ (context.state.scope.get(declarator.id.name)));
+						derived_declarators.push(b.declarator(declarator.id, call));
 					} else {
 						if (rune === '$derived') expression = b.thunk(expression);
 
 						let call = b.call('$.derived', expression);
 						if (dev) call = b.call('$.tag', call, b.literal(declarator.id.name));
-
-						declarations.push(b.declarator(declarator.id, call));
+						derived_declarators.push(b.declarator(declarator.id, call));
 					}
 				} else {
 					const init = /** @type {CallExpression} */ (declarator.init);
@@ -260,8 +399,7 @@ export function VariableDeclaration(node, context) {
 							const label = `[$derived ${declarator.id.type === 'ArrayPattern' ? 'iterable' : 'object'}]`;
 							call = b.call('$.tag', call, b.literal(label));
 						}
-
-						declarations.push(b.declarator(id, call));
+						derived_declarators.push(b.declarator(id, call));
 					}
 
 					const { inserts, paths } = extract_paths(declarator.id, rhs);
@@ -277,14 +415,13 @@ export function VariableDeclaration(node, context) {
 							const label = `[$derived ${declarator.id.type === 'ArrayPattern' ? 'iterable' : 'object'}]`;
 							call = b.call('$.tag', call, b.literal(label));
 						}
-
-						declarations.push(b.declarator(id, call));
+						derived_declarators.push(b.declarator(id, call));
 					}
 
 					for (const path of paths) {
 						const expression = /** @type {Expression} */ (context.visit(path.expression));
 						const call = b.call('$.derived', b.thunk(expression));
-						declarations.push(
+						derived_declarators.push(
 							b.declarator(
 								path.node,
 								dev
@@ -295,12 +432,37 @@ export function VariableDeclaration(node, context) {
 					}
 				}
 
+				if (!parallelize) {
+					declarations.push(...derived_declarators);
+				} else if (derived_declarators.length > 0) {
+					const declarators = derived_declarators.map(({ id, init }) => ({
+						id,
+						init: /** @type {Expression} */ (init)
+					}));
+					if (current_chunk && (current_chunk.kind === node.kind || current_chunk.kind === null)) {
+						current_chunk.declarators.push(...declarators);
+						current_chunk.bindings.push(...bindings);
+						current_chunk.position = position;
+						current_chunk.kind = node.kind;
+					} else {
+						/** @type {ParallelizedChunk} */
+						const chunk = {
+							kind: node.kind,
+							declarators,
+							position,
+							bindings
+						};
+						context.state.current_parallelized_chunk = chunk;
+						context.state.parallelized_chunks.push(chunk);
+					}
+				}
+
 				continue;
 			}
 		}
 	} else {
 		for (const declarator of node.declarations) {
-			const bindings = /** @type {Binding[]} */ (context.state.scope.get_bindings(declarator));
+			const bindings = context.state.scope.get_bindings(declarator);
 			const has_state = bindings.some((binding) => binding.kind === 'state');
 			const has_props = bindings.some((binding) => binding.kind === 'bindable_prop');
 
@@ -403,13 +565,9 @@ export function VariableDeclaration(node, context) {
  * @param {Expression} value
  */
 function create_state_declarators(declarator, context, value) {
+	const immutable = context.state.analysis.immutable ? b.true : undefined;
 	if (declarator.id.type === 'Identifier') {
-		return [
-			b.declarator(
-				declarator.id,
-				b.call('$.mutable_source', value, context.state.analysis.immutable ? b.true : undefined)
-			)
-		];
+		return [b.declarator(declarator.id, b.call('$.mutable_source', value, immutable))];
 	}
 
 	const tmp = b.id(context.state.scope.generate('tmp'));
@@ -424,15 +582,13 @@ function create_state_declarators(declarator, context, value) {
 			const expression = /** @type {Expression} */ (context.visit(b.thunk(value)));
 			return b.declarator(id, b.call('$.derived', expression));
 		}),
-		...paths.map((path) => {
-			const value = /** @type {Expression} */ (context.visit(path.expression));
-			const binding = context.state.scope.get(/** @type {Identifier} */ (path.node).name);
+		...paths.map(({ expression, node }) => {
+			const value = /** @type {Expression} */ (context.visit(expression));
+			const binding = context.state.scope.get(/** @type {Identifier} */ (node).name);
 
 			return b.declarator(
-				path.node,
-				binding?.kind === 'state'
-					? b.call('$.mutable_source', value, context.state.analysis.immutable ? b.true : undefined)
-					: value
+				node,
+				binding?.kind === 'state' ? b.call('$.mutable_source', value, immutable) : value
 			);
 		})
 	];
diff --git a/packages/svelte/src/internal/client/dev/tracing.js b/packages/svelte/src/internal/client/dev/tracing.js
index 673a710fac..f66e0a8106 100644
--- a/packages/svelte/src/internal/client/dev/tracing.js
+++ b/packages/svelte/src/internal/client/dev/tracing.js
@@ -184,6 +184,17 @@ export function tag(source, label) {
 	return source;
 }
 
+/**
+ * @template T
+ * @param {Promise<Value<T>>} promise
+ * @param {string} label
+ * @returns {Promise<Value<T>>}
+ */
+export async function tag_async(promise, label) {
+	const source = await promise;
+	return tag(source, label);
+}
+
 /**
  * @param {unknown} value
  * @param {string} label
diff --git a/packages/svelte/src/internal/client/index.js b/packages/svelte/src/internal/client/index.js
index c5b7bb845c..73628ef72f 100644
--- a/packages/svelte/src/internal/client/index.js
+++ b/packages/svelte/src/internal/client/index.js
@@ -7,7 +7,7 @@ export { add_locations } from './dev/elements.js';
 export { hmr } from './dev/hmr.js';
 export { create_ownership_validator } from './dev/ownership.js';
 export { check_target, legacy_api } from './dev/legacy.js';
-export { trace, tag, tag_proxy } from './dev/tracing.js';
+export { trace, tag, tag_async, tag_proxy } from './dev/tracing.js';
 export { inspect } from './dev/inspect.js';
 export { async } from './dom/blocks/async.js';
 export { validate_snippet_args } from './dev/validation.js';
@@ -99,7 +99,9 @@ export {
 	with_script
 } from './dom/template.js';
 export {
+	all,
 	async_body,
+	async_compose,
 	for_await_track_reactivity_loss,
 	save,
 	track_reactivity_loss
diff --git a/packages/svelte/src/internal/client/reactivity/async.js b/packages/svelte/src/internal/client/reactivity/async.js
index 65d004137f..6dc1dce543 100644
--- a/packages/svelte/src/internal/client/reactivity/async.js
+++ b/packages/svelte/src/internal/client/reactivity/async.js
@@ -191,3 +191,28 @@ export async function async_body(fn) {
 		unsuspend();
 	}
 }
+
+/**
+ * @template T
+ * @param {Array<Promise<T>>} promises
+ * @returns {Promise<Array<T>>}
+ */
+export function all(...promises) {
+	return Promise.all(
+		promises.map((promise) =>
+			promise instanceof Promise ? save(promise).then((restore) => restore()) : promise
+		)
+	);
+}
+
+/**
+ * @param {Promise<any>} promise
+ * @param {Array<(arg: any) => any>} fns
+ */
+export async function async_compose(promise, ...fns) {
+	let res = await promise;
+	for (const fn of fns) {
+		res = fn(res);
+	}
+	return res;
+}