E161: Sui Founder Explains Why Ethereum & Solana Will Be Left Behind

Evan Cheng co-founded SUI after leading Facebook's Libra project -  then threw away everything they built because it wasn't good enough. THE SHIFT NEWSLETTER💡Go beyond the mic - subscribe to The Shift, my new weekly newsletter where I share the uncut stories, raw takes, and behind-the-scenes notes from When Shift Happens: https://www.kevinfollonier.com/crypto-web3-newsletter___________PARTNERS🚀 Jupiter is the most used Decentralized Exchange in Crypto and the largest DEX by volume on Solana: https://jup.ag/🅿️ Paradex is building the future of open finance - an intuitive, permissionless trading platform giving users full control, ultra-low costs, fast execution, and access to global markets in one place.  https://app.paradex.trade/wl/resilien...💳 KAST lets you manage and spend stablecoins or crypto with a Visa Card or Apple Pay. Live in 100+ countries: https://go.kast.xyz/VqVO/SHIFT🔓 Trezor offers the safest cold-storage wallets for crypto and true financial independence. Buy with 10% off (promo code in video): https://trezor.io/?transaction_id=102...💰 Zashi is the easiest self-custody wallet for private transactions - send, receive, and spend Zcash (ZEC) without middlemen or surveillance, built by the team that launched Zcash in 2016.https://z.cash/ecosystem/zashi-wallet/🌱 Bitwise Asset Management manages $15B+ across 30+ crypto investment products — ETFs, index funds, alpha, staking, and more. https://bitwiseinvestments.com/🔒Sumsub is the leading full-cycle verification platform for the crypto industry, chosen by 8 out of 10 of the world’s largest exchanges. From instant KYC and KYB to automated crypto transaction monitoring, they help VASPs, exchanges, and DeFi platforms prevent fraud, stay compliant, and scale globally. https://sumsub.com/💧 Sui is a next-gen Layer 1 making digital asset ownership fast, private, and secure. https://sui.io/♾️ Coinsilium provides vital funding and expert advice to Web3 and AI-powered early-stage technology companies. https://www.coinsilium.com___________FOLLOW EVAN CHENG• Twitter: https://x.com/EvanWeb3• Twitter: https://x.com/SuiNetwork• LinkedIn: https://www.linkedin.com/in/chengevan/• Website: https://t.co/S0laxwqTPPFOLLOW WHEN SHIFT HAPPENSTwitter (X): https://x.com/KevinWSHPod  Instagram:  https://www.instagram.com/kevinfollonier_ Linkedin: https://www.linkedin.com/in/kevinfollonier/Website: https://kevinfollonier.com/DISCLAIMERThe info contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speakers who are not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speakers do not guarantee any particular outcome.Timestamps:0:00 Introduction1:36 Please Subscribe2:02 Evan’s Move To New York Explained3:20 So Much Has Shifted In The Last Year5:03 How Do You Deal With Unpredictability8:59 How Evan Feels About These Changes10:59 Partnerships: @JupiterExchange @KASTxyz18:11 Has SUI Officially Proven This Way To Be Correct19:22 Considering Tokens Dropping In Value - What Has SUI Proven Despite This23:10 How Do You Define “Product Market Fit”24:53 Partnerships: @paradex @zashi_wallet @sumsub26:05 What Does A Much Bigger Adoption Look Like30:29 The Dynamic Between Institutions & The Chains They Build On32:06 How Different Is It To Build For An Institutional User vs A Retail User34:23 Building The “Better” Technology Is Never Enough37:05 Do All Major Chains Converge Or Specialize40:00 Partnerships: @Trezor @BitwiseInvest @SuiNetwork40:57 What Is SUI Doing Differently From Ethereum Or Solana Explained Simply43:10 An Example Of Assets That Are The Same vs Not The Same46:11 SUI Didn’t Build Something Limited Like Facebook Libra Or DM, They Built Something Better48:11 Closing Thoughts