The Rollup How Sui Plans to Beat Hyperliquid with Evan Cheng
Mar 22, 2026
Evan Cheng, CEO and co-founder of Mysten Labs and architect of the Sui blockchain, discusses tokenization beyond finance and Suiโs vertical build strategy. He talks about integrating AI with blockchain, competing with Hyperliquid through a long-term platform approach, and alternative revenue models beyond base-layer fees. Regulatory clarity and institutional interest also come up.
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Blockchain Is More Than Just Finance
- Blockchain is a generalized coordination layer not only for finance.
- Evan Cheng explains tokenization applies to many types of data and assets beyond traditional finance, which is why finance currently concentrates energy but isn't the sole use case.
Sui Is Building Up The Stack With Reusable Primitives
- Sui is moving up the stack by building core infrastructure and product building blocks.
- Cheng says Sui built DeepBook and other primitives, then plans launch-pad products that integrate into third-party surfaces to reduce developer complexity.
Top Down Product Leads Platform Adoption
- Top-down product-led platform growth complements developer ecosystems.
- Cheng compares Sui to iOS/Windows/Roblox, saying successful platforms often launch flagship products first then attract third-party builders.