Reflecting more on this. AFAIR Hotspot does have a hard limit on the amount of machine code it will generate. V8 has a hard limit on the heap size, and code pages are part of that. But both of those are pretty big numbers, so if you are hitting that you are probably huge already. But generally there are counters in the metadata for functions or classes, depending on the system, that limit how many times a given unit might be recompiled, typically to limit the damage deopt loops can do. So programs end up gradually leveling off as they hit those limits.

I haven't really paid attention to V8's policies for years, but generally speaking, it still does this to some extent.

I think of SIPS as basically the resident set size for code. Depending on how the system ages your code, you might be stuck with unused JIT code until it can be recycled, if at all. V8 used to have code aging and the implementation was a huge bug farm. I am not sure if that survived the switch to TurboFan/Ignition. Of course, V8 GC's code about as aggressively as it compacts the old generation.