Rust is statically compiled but it runs under WASM. If I'm not mistaken, WASM is also typically interpreted & then JIT'ed to native code (at least it is on V8 IIRC). My guess would be that Fastly lowers it to native code AOT (or at least does a fair bit of optimization) but I'm not 100% sure.
The question is whether Rust WASM will beat CF JS and that part is less clear because the workloads you'd choose for JS vs Rust are so different. Also, these platforms aren't static so it'll be interesting to watch the competition play out as we both push the boundaries of Edge compute.
Disclaimer: I work at Cloudflare on R2. I think both teams do great technical work but I'm more excited about CF. I think our suite of Edge compute products built on top of Workers is stronger (cron triggers, unbound, durable objects & many other interesting things coming).
Startup time might be a factor. But the measurements of the same language running on the same provider's infrastructure go from around 10 to 50ms (on one provider) and 10 to 100ms (on the other). Those huge differences don't look like CPU latencies (the machines aren't 5x or 10x faster in different locations) - they are likely network latencies. So programming language is probably a very minor factor here (at least in the non-beta services, which is what was measured here - maybe it was an issue in the older measurements).
They can't have it both ways... Fastly was the one that complained that their JS engine still wasn't up to par (being in beta), so clearly the language of choice (or interpreter/compiler/whatever) DOES matter.
Either the language doesn't matter (in which case, replicate the JS test) or it does, in which case this isn't even a useful comparison.
But it's very possible the old data may have been influenced by the language. That's not very interesting, though: as Fastly said, it's just beta performance. And anyhow this is a benchmark with almost no CPU work anyhow.