Blockchain infrastructure, Web3, and crypto innovation by Evan Cheng

Evan Cheng is co-founder and Chief Executive Officer of Mysten Labs, the company behind the Sui blockchain. Under his leadership, Mysten Labs secured USD 336 million in two rounds of funding, including a Series B led by Andreessen Horowitz that brought the firm’s valuation above USD 2 billion. The Sui ecosystem includes a high-throughput blockchain, developer SDKs, Sui Wallet, Sui Name Service, and NFT services through SuiFrens. Cheng previously led engineering teams at Meta and Apple, with deep technical specialization in systems programming, compilers, and blockchain architecture. His work on the Move language underpins Sui’s object-based execution model, which now serves as a foundation for smart contract modularity and scalable data structures.

Cheng is regarded as a leading technical mind in crypto infrastructure, and was named among “Top 25 Web3 Builders” by CoinDesk in 2023. The Sui blockchain achieves transaction finality in under 500 ms and can process up to 120,000 transactions per second in testing. Cheng focuses on user-centric design, composable contracts, and gas-efficient execution. Mysten Labs has expanded into the Asia-Pacific region and is rolling out cross-chain interoperability with Ethereum-based dApps. Cheng’s public speaking appearances include the World Blockchain Summit and Token2049.

  • Eugene Komchuk
  • 2 hours ago
Evan Cheng: Mysten Labs launches new quarterly update series on trusted agents and Sui
Mysten Labs has launched a new quarterly update series focused on advancing trust between agents and humans, as well as among agents themselves. Evan Cheng, co-founder and CEO of Mysten Labs, ...
  • Ashutosh Sureka
  • 22.05.2026
Corporate spend is much larger than payroll, Evan Cheng notes
Evan Cheng, co-founder and CEO of Mysten Labs at Sui, compares corporate spend to payroll, noting the total addressable market for corporate spend significantly exceeds that of payroll. Cheng ...
  • Elena Nikulina
  • 05.05.2026
Evan Cheng: Proposes acquiring a Fortune 500 company with mix of stock and cash
Evan Cheng, co-founder and CEO at Mysten Labs, the company that developed the Sui blockchain, raises the idea of acquiring a Fortune 500 company. Cheng notes that his acquaintance at a ...