{...} Wine is not a virtualized or even a paravirtualizer. The apps run right next to native apps?
Strictly speaking Wine is a compatibility layer, translating Windows API calls into POSIX API calls (as well as recreating the standard Windows directory structure, providing alternate FOSS versions of the standard Windows libraries, etc.). This theoretically combines the performances advantages of native execution (or, at least, running without virtualisation) with the ease-of-use advantages of working with existing binaries (vitally important given the closed-source nature of a lot of Windows-targeted software), but at the cost of your-mileage-may-
greatly-vary real-word functionality (i.e. some Windows software—particularly simpler or older titles—will run perfectly under Wine, while some won't even start; there's even some
very old Windows software that actually runs
better under Wine than on Windows 10 or 11).
It's not something I'd use in mission-critical (or audience-facing) applications, but when it works it can work very well (and the community has done a pretty good job maintaining a database of what software works and to what extent).
-Russ