Does the DLL Plugin do anything when using Webpack@5.x?

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The docs still mention the DLL Plugin, but in the many months since Webpack 5 has been released I haven't seen anyone who has a working DLL Plugin configuration whenever I look.

Is it no longer compatible? Just not beneficial anymore for performance? I can't figure out what the deal is with this plugin post-Webpack 4.

PS: Linked to Google cache for the docs because webpack.js.org seems to be down at the moment.

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