Anyway, two big projects in a similar space to QEMU are Firecracker (the underlying virtualization tech for AWS Lambda + Fargate), and Crostini (the underlying virtualization tech for ChromeOS). Firecracker started life as a fork of Crostini and now there's a rich ecosystem going on in this space.
Don't forget the Rust code from Servo that lives in Firefox, too.
Yeah, it's tough to get the combo of all of those things, for other reasons too. I would probably want to first reach for VS: Code, which uses ripgrep for search. But that's a "important component written in Rust", rather than a whole-Rust project. There's tons of tools like ripgrep, which is the most well-known, but it's hard to say how popular they are. And there are things like 1password, which do run on people's machines, but aren't open source.
I actually have recently seen a bug report that implies something really, really huge in this space, but I don't want to jinx it, so I'm not gonna link just yet. We'll see :)