---
title: "SUI Generis : Office Hours with Evan Cheng of Mysten Labs"
description: "Join Mysten Labs CEO Evan Cheng to explore how DAG-based blockchain tech drove $16B market cap \u0026 3x ecosystem growth. Key insights on web3 performance \u0026 scaling."
categories: ["office hours","web3"]
keywords: ["SUI","Mysten Labs","Evan Cheng","DAG blockchain","web3 performance","smart contracts","Move language","blockchain technology","ecosystem growth"]
ai_summary: "Explore insights from Evan Cheng on DAG-based blockchain tech and its impact on web3 performance and ecosystem growth."
date: 2024-04-09
lastmod: 2026-07-28
canonical_url: https://www.tomtunguz.com/evan-cheng-office-hours/
author: "Tomasz Tunguz"
---

![image](https://res.cloudinary.com/dzawgnnlr/image/upload/n1comh08jkjl0qwpcvyw.png)

On April 18th at 9:30am Pacific time, Office Hours will host Evan Cheng, founder & CEO of Mysten Labs, creator of SUI. 

Evan & the Mysten team were instrumental in the creation of Meta's high-performance blockchain techology before leaving to start Mysten. 

There are few key ideas Mysten espouses about blockchains that have led to dramatic improvements in performance & usability. 

First, the [Move language](https://github.com/move-language/move) & virtual machine form the basis of the smart contract layer. 

Second, the use of DAGs (directed-acyclic graphs - a concept very common in the core data world) creates [tremendous efficiencies with parallelization of work](https://blog.sui.io/all-about-directed-acyclic-graphs/).

Mysten's token, SUI is worth $16b as of this writing & users have locked more than $600m of value within the ecosystem so far, [up 3x this year alone](https://defillama.com/chain/Sui).

During this Office Hours, Evan & I will talk about :
- the insights from Meta that led to the creation of Mysten Labs 
- the use of DAGs in blockchains & how they drive increased performance 
- the importance of performance to developers within web3 & how that ties to attracting web2 developers

If you’re interested to attend, [please register here](https://gatsby.events/rsvp/office-hours-with-evan-cheng/theory-ventures/register). As always, submit questions through the registration form & I’ll weave them into the conversation.

I look forward to welcoming Evan to Office Hours!