Using AsyncStorage for key-value data storage in React Native apps affects performance mainly during read and write operations. AsyncStorage is asynchronous and runs off the main UI thread, so it generally does not block the UI, helping maintain smooth animations at 60fps. However, frequent or large data reads/writes can increase latency and battery usage, especially on slower devices.
Memory usage is minimal since AsyncStorage stores data persistently on device storage, not in RAM. But large stored data can slow app startup if loaded immediately.