evan.sui

Time flies. Happy birthday Sui. Here is to ♾️ more 3 years.

AI has gone too far

Today Aftermath Finance sustained an exploit of its perpetuals protocol on Sui which was subsequently paused. The Sui Foundation, in partnership with Mysten Labs, has committed to working with Aftermath Finance to both ensure fund recovery to users and continuity of the Aftermath protocol. Aftermath will provide further updates on fund recovery shortly.

Sui is the only chain that makes sense. - no block space - parallelized sequencing of all independent market transactions - 400ms finality, no reorgs - extremely cheap, especially since RGP was reduced by 80% - battle tested fully onchain CLOB as living proof Josh, let’s chat cc @aslan_web3

This is my 3rd week as VP of Engineering DeFi at @Polymarket , and I'm going to be straight: the traction @Polymarket has seen has massively outpaced our infrastructure, and we haven't done nearly enough to scale to keep up. I hear you, and fixing this is our entire focus. We're a major company now, and we need to engineer like one. Here's exactly what we're doing: - Onchain data latency. We're working on making this near-instant so the experience is incredible. - Chain migration. We need more block space, cheaper gas and much smaller block times so settlement is instant. - Transactions are getting cancelled. We understand this is one of the most frustrating issues right now, and we have a complete fix coming very soon. - Massive focus on the website to make it faster, more responsive, and with better UX. - We added observability everywhere. Proper alerting so we catch issues ourselves, market makers should not be the ones telling us something is down. That's been unacceptable, and we know it. - E2e tests throughout, starting with the CLOB, so issues get caught in CI before anything ships. - CLOBv2 is not a rewrite. It won't improve performance or stability on its own; it's an upgrade that unlocks us to move fast right after. We'll do better with communication next time. - We are rebuilding the CLOB from the ground up. Most important thing we're doing. Without it, we can't be the best DeFi exchange in the world. We know it, we're on it, it's mission critical. - Unified TypeScript SDK for all APIs, which is shipping soon. - Unified API. One WS connection for everything, with a schema that's actually readable. - New Polymarket contract in the works that unlocks things that are simply impossible on the current protocol. - New hires: Head of QA Automation, Head of Dev Tooling, Head of Internal Tooling, Head of Data Engineering. - Smaller, dedicated teams. Fewer focus points per person, clearer ownership. People do what they're good at and are accountable for it. - Working closely with customer support to give them real debugging tools so any user issue gets properly diagnosed, not lost. - Proper communication with marketing and market makers so everyone knows what's coming and when, and MM can submit feature requests with a clear path to get them into engineering and shipped. - Working with 4 security teams daily to ensure we're super secure and that funds are always safe. - Perps incoming. Brand new contracts and a backend built from scratch in Rust. We're proud of this one. - A lot of other fixes are running in parallel right now. Starting next Friday, I will be posting weekly engineering updates. I joined because I genuinely believe in what @Polymarket is trying to do. @shayne_coplan built this so the world has somewhere to go to find out what's actually going to happen, not what the media thinks, not what a pundit says, but what thousands of people are willing to put money on. But right now, our engineering isn't living up to that. We've let people down, and I'm not going to dress that up. I came here to fix it, and that's exactly what we're going to do. The next few months are going to speak for themselves. Stay with us.

@aniketpkate @Mysten_Labs @GDanezis @kostascrypto @0x4252 Welcome to the team!

Exciting news! I have joined the world-leading team at @Mysten_Labs. I am working on distributed systems & crypto projects led by @GDanezis, @kostascrypto, n @0x4252. It is great to be part of this highly-productive team with academic thinking & startup-level execution speed...

@BardBard @Mysten_Labs Why is there a (?) after "leader"?

After much research, it’s clear… The fate of $SUI isn’t in charts. Not in volume. Not even in liquidity flows 💧 It rests in the hands of five beautiful men. No one knows why. No one questions it. Just nod, and smile. And may @Mysten_Labs have mercy on your soul 🫵

Looks like the decentralized business model might survive the Anthropic onslaught better than centralized SW companies

@LoganJastremski Thanks for having me! @LoganJastremski

My conversation with @EvanWeb3 As the CEO of Mysten Labs, Evan is relentlessly focused on building the unified abstraction layers necessary to bring blockchain technology to the masses. The team is doing the hard architectural work with Sui to move beyond traditional digital ledgers, utilizing a complex object model to enable true parallelization and seamless developer experiences We spend a lot of time unpacking the limitations of EVM L2s, why top-down application design matters, and the massive opportunities at the intersection of verifiable automation and AI At the center of this conversation is the verticalization of the Sui stack from Deepbook to Walrus and the belief that the next generation of global adoption requires platforms to look more like cohesive operating systems rather than fragmented networks. We discuss: - Why the industry needs to raise the abstraction layer for global adoption - The architectural limitations of EVM chains and the failure of L2 scalability - Walrus, Deepbook, and the verticalization of the Sui platform - Why Sui's object model fundamentally differs from traditional digital ledgers - The intersection of AI and blockchain: persistent memory and verifiable trust - Unlocking Bitcoin's stagnant capital - The upcoming EVE Online partnership and the future of web3 gaming - Why blockchains must operate with sustainable business models Enjoy! Timestamps: 0:00 - Introduction: The Need for Unified Abstraction Layers 1:54 - The Scalability Maze: Why L2s Failed to Deliver 8:43 - Custom Databases: Scaling Reads and State Access 11:44 - Walrus & Deepbook: Verticalizing the Web3 Stack 1 6:16 - Beyond Digital Ledgers: Sui's Object Model Explained 22:38 - AI, Automation, and Providing Trust for LLMs 31:04 - Lessons from Libra: Permissionless vs. Corporate Chains 35:49 - Sustainable Economics: Business Models for Blockchains 41:13 - Unlocking Stagnant Capital: Bringing Yield to Bitcoin 51:46 - The 2026 Roadmap: EVE Online, Privacy Guardrails, and Product Infra

@Mysten_Labs's research track record is second to none. This is just another validation of our foundational work. I'm super proud of our team's work.

.@funkii put $100K of his own money in, shipped 5 protocols solo, and hit 8 figures in revenue. with no team, no grants, just conviction. The full conversation on why he's building on @SuiNetwork 👇 Timestamps: 0:00 — Intro 0:55 — Funkii's background & going all-in on Sui 3:00 — How he discovered Sui 6:30 — Why Move is safer than Solidity 9:00 — Sui developer experience vs other chains 12:00 — Is Sui still early? 14:30 — Mission 69B: the company behind it all 17:00 — What’s Faith 20:00 — Tide: revenue-backed fundraising 25:00 — Why crypto is here to stay 27:30 — AI agents & crypto payments 33:00 — Walrus, Deep Book & the full Sui stack 36:00 — Cannibal: a permissionless Polymarket on Sui 40:30 — Distribution & growth strategy 42:00 — Sui's breakout moment 44:00 — Funkii's favorite Sui project

Evidently, moving from shoes to AI makes the tech 6 times better. #part2 #allbirds

We are Moving into shoes #contrarian_thinking

On May 3rd 2026, #Sui monthly emissions drop by over 50%. 🔥 We will be celebrating the 3rd yr anniversary of Sui. Lots to share in Miami. See you there.

Never really appreciated how much cleaner Move is than Solidity until I started comparing code for smart contracts on Sui vs. EVM chains. Feels like everything takes 70% less code to write and is a fraction of the cost for any txs.

🚨NEW: We sat down with @EvanWeb3, Co-Founder and CEO of @Mysten_Labs, the team behind the @SuiNetwork, to discuss the evolution of the network and what institutions are building next. We cover Evan’s journey from Diem to Sui, how shifting U.S. regulation has shaped development, and the latest updates from Washington on stablecoin yield under the Clarity Act. Evan also shares insights on AI and agentic payments, institutional design priorities for L1s, and the most underrated use cases emerging across crypto today.

Unpopular opinion: Google’s recent optimized circuit for breaking Bitcoin in ~9 minutes managed to reduce the required qubits by roughly ~2×, from 2000+ down to ~1200. Ofc, they also reduced Toffoli gate counts (runtime), improved parallelism, and reduced circuit depth. But technically, one could offset part of this advantage by simply increasing the elliptic curve modulus size, e.g., moving from ECDSA 256-bit to 512+ bits. Asymptotically, this line of thinking reminds me of Bernstein’s @hashbreaker paper on huge-key post-quantum RSA: eprint.iacr.org/2017/351.pdf I’m not proposing that we shouldn’t properly transition to post-quantum schemes like Falcon, CRYSTALS-Dilithium, or SPHINCS+ (I’ll personally do that for Sui). Just sharing a few temp appetizers on the table, for other chains which, due to increased transaction sizes and verification costs, might benefit from an intermediate solution until we better battle test the newer lattice based algorithms and their system can tolerate more complex txns

Our Crypto product suite is growing with new Avalanche and Sui futures. 🚀 Available in both larger and Micro sizes, these contracts will offer the capital efficiency and versatility to expand your strategy. spr.ly/6018B6QMua

@psycipher Sonnet output limit is double that of Opus. That's important for a part of what I'm doing

@EvanWeb3 Wait, you are using sonnet 4.6 for coding?

Thanks to Claude, I'm back to coding at my early 30s productivity level at roughly 50% time spent. April is off to a strong start.