Mysten Labs

Mysten Labs

Decentralized blockchain infrastructure and Move language

Overview

Mysten Labs builds the infrastructure for a decentralized internet. It develops Sui, a blockchain that uses proof of stake for security and consensus, designed to handle many users and large amounts of data with scalable throughput and storage. It also maintains Move, an open-source programming language for writing smart contracts on blockchains. Together, these tools let developers create and manage digital assets and applications that are owned directly by users rather than controlled by a single company. Mysten Labs differentiates itself by offering a broad set of products and services that help people access and use digital assets, plus ongoing updates and opportunities to engage with the ecosystem. The company’s goal is to enable true digital asset ownership for billions of people and advance the decentralized future.

About Mysten Labs

Simplify's Rating
Why Mysten Labs is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Enterprise Software

Crypto & Web3

Company Size

201-500

Company Stage

Series B

Total Funding

$336M

Headquarters

San Francisco, California

Founded

2021

People at Mysten Labs

People at Mysten Labs who can refer or advise you

Simplify Jobs

Simplify's Take

What believers are saying

  • Zero-fee stablecoin transfers drove $65B volume since June 10, accelerating Sui’s adoption as a global payments rail for enterprises and gamers.
  • Hashi’s July 2026 Bitcoin DeFi testnet with native BTC collateral and top-tier backers like BitGo and SwissBorg could ignite massive Sui DeFi liquidity.
  • Confidential Transfers launched in public beta on June 9, 2026, enabling compliant privacy that attracts institutional partners like Merkle Science and TRM Labs.

What critics are saying

  • Solana’s 90% dominance in AI DeFi GPU compute and agentic trading protocols will erode Sui’s AI agent adoption within 6–12 months with high impact.
  • EU MiCA 2026 may classify range-proof privacy as non-compliant, forcing Mysten Labs to disable Confidential Transfers or face $50M+ penalties in Europe.
  • Hashi’s BTC integration narrative could collapse if BitGo and Cumberland pivot to Ethereum wrappers, leaving Hashi’s TVL below $10M by Q3 2026.

What makes Mysten Labs unique

  • Mysten Labs uniquely combines ultra-high throughput Sui with native BTC collateral via Hashi and AI agent security via Seal MPC.
  • Its object-based Move language enables parallel transaction processing, achieving 6M TPS and zero-fee stablecoin transfers that replace SWIFT for B2B payments.
  • Mysten Labs delivers integrated AI infrastructure—Walrus Memory for portable agentic context and Seal MPC for key-free transactions—unmatched by other Layer-1s.

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Funding

Total Funding

$336M

Above

Industry Average

Funded Over

2 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$65M
Substack
$100M
ClickUp
$300M
Mysten Labs

Benefits

Remote Work Options

Growth & Insights and Company News

Headcount

6 month growth

3%

1 year growth

4%

2 year growth

3%
CryptoSurges
Jun 27th, 2026
Mysten Labs launches Sui Seal MPC to let AI agents transact without holding keys.

Mysten Labs launches Sui Seal MPC to let AI agents transact without holding keys. * June 27, 2026 * Posted by: admin * Category: BitCoin, Blockchain, Cryptocurrency, Investments Mysten Labs has launched Sui Seal MPC on the Sui mainnet, according to the validated writing pack, introducing infrastructure designed to let autonomous AI agents execute on-chain transactions without directly holding or controlling private keys. The system uses multi-party computation, distributed key shares and Move smart-contract policies to reduce one of the biggest risks in agentic crypto applications: giving software agents spending power without handing them a single exposed key. Tl;dr. * Mysten Labs launched Sui Seal MPC on the Sui mainnet in June 2026. * The system is designed to let AI agents transact on-chain without holding private keys. * Key shares are distributed across independent nodes to reduce single points of failure. * Move smart contracts can enforce rules such as spending caps and allowed counterparties. * The system also supports hidden bids for AI-driven trading use cases. Solving the agent key problem. AI agents can only become useful in on-chain markets if they can take actions. But giving an autonomous system full access to a private key is risky. If the agent is compromised, misconfigured or manipulated, funds can move instantly and irreversibly. Sui Seal MPC is positioned as an answer to that problem. Rather than letting an agent hold a complete private key, the MPC system distributes key shares across independent nodes. No single node controls the full signing authority. Transactions can be executed only when the required computation and policy conditions are met, reducing the danger of a single exposed credential. Move policies add guardrails. The validation pack states that Move smart contracts can enforce customizable spending and compliance policies. Examples include daily caps, allowed counterparties and other rule-based constraints. That part is important because secure signing alone does not solve the entire problem. Agents also need boundaries around what they are allowed to do. For enterprise or trading use cases, those guardrails could matter as much as the cryptography. A company may want an AI agent to pay approved vendors, rebalance a narrow set of assets or participate in a marketplace, but not drain a treasury or interact with unknown contracts. Policy enforcement gives developers a way to define those limits. Hidden bids and on-chain markets. Sui Seal MPC also supports "hidden bids" for AI-driven trading, according to the validated pack. In that model, bids can remain encrypted until a synchronized reveal. That could be useful in markets where early exposure of bids creates front-running or coordination risks. The feature is still technical and should not be overhyped. It does not mean AI agents are suddenly ready to dominate decentralized markets. But it does show how cryptographic infrastructure is being built around the assumption that autonomous software will eventually need to participate in on-chain commerce. Why it matters for Sui. For Sui, Seal MPC gives the network a clearer position in the emerging "agentic web" narrative. Many chains are talking about AI agents, but the practical question is how those agents safely hold authority, sign transactions and follow rules. Sui's pitch is that Move-based policy controls and MPC signing can provide that foundation. The next test will be adoption. Developers will need to build real applications around Sui Seal MPC, and users will need to trust that agent permissions are understandable and enforceable. For now, the launch gives the Sui ecosystem a concrete infrastructure milestone at the intersection of AI, cryptography and on-chain markets.

Live Bitcoin News
Feb 5th, 2026
SUI Takes First Step Toward Gasless Payments With Mysten Labs' Tidehunter

SUI takes first step toward gasless payments with mysten Labs' Tidehunter. Mysten Labs launched Tidehunter on Sui, introducing a new database designed to improve SSD performance and support future gasless transfers. Mysten Labs has announced the launch of Tidehunter for the Sui network, marking an early move toward gasless and stable transfers. The update introduces a new database system aimed at improving performance, reliability, and transaction handling across the network. SUI takes first step toward gasless payments with Tidehunter. Mysten Labs confirmed the release of Tidehunter as a core infrastructure upgrade for Sui. The database is designed to support high transaction throughput while reducing operational friction. The launch focuses on backend efficiency rather than user-facing features. Gasless payments require stable execution systems, and Tidehunter addresses this requirement at the storage level. According to Noodles Finance, Tidehunter marks the first step, and the team will introduce additional components before enabling full gasless transfers on Sui. Database design optimized for modern hardware. Tidehunter is built to optimize modern solid-state drive performance. The system reduces competition in the write path, which is critical during heavy network activity. All write operations are processed through a high-speed, lock-free write-ahead log. This structure can handle millions of operations per second under sustained workloads. Instead of using system calls for each write, Tidehunter relies on writable memory-mapped files. This approach lowers overhead and improves write efficiency. Asynchronous persistence and read performance. Data persistence in Tidehunter is managed asynchronously by background service threads. These threads handle file growth and scheduled synchronization tasks. This design allows write operations to continue without delays. It also ensures that storage tasks do not interrupt transaction processing. Tidehunter also uses a dedicated uniform lookup index. This index reduces read latency on critical execution paths across the network. Infrastructure direction for the Sui network. Sui continues to focus on infrastructure upgrades as network usage grows. Database performance plays a key role in transaction stability and cost control. Gasless payment systems require predictable backend operations. Tidehunter supports this goal by improving storage consistency and execution flow. Mysten Labs has described Tidehunter as a foundation layer. Additional upgrades are expected as Sui advances toward stable and gasless transfers. Follow Livebitcoinnews.

CoinTrust
Nov 10th, 2025
Mysten Labs Boosts Sui Blockchain with Mysticeti v2 Upgrade

Mysten Labs boosts Sui blockchain with Mysticeti v2 upgrade. New consensus protocol delivers faster, leaner, and more scalable performance. Mysten Labs has unveiled Mysticeti v2, a significant update to its consensus protocol that substantially enhances the performance and scalability of the Sui blockchain. The upgrade introduces faster transaction processing, reduced resource usage, and improved network resilience, further strengthening Sui's standing as one of the most efficient and scalable Layer-1 blockchains in operation. Streamlined consensus for higher efficiency. Mysticeti v2 refines the underlying consensus architecture by embedding transaction validation directly within the consensus process. This integration eliminates redundant validation steps that previously took place after consensus, reducing computational overhead and speeding up execution. As a result, transactions can now be confirmed faster with lower latency, significantly boosting network efficiency. Mysten Labs reported that the upgraded protocol shows notable improvements in throughput and scalability, marking a key milestone in Sui's ongoing technical evolution. The most impactful innovation lies in its validation-integrated consensus model, which allows each transaction to be verified and finalized in a single streamlined process rather than in separate stages. Introducing the Transaction Driver for smarter processing. Another critical enhancement introduced in Mysticeti v2 is the new Transaction Driver - a lightweight system designed to optimize transaction submission and confirmation. This component simplifies communication between validators and minimizes message traffic, resulting in higher performance while consuming fewer network and CPU resources. Mysticeti v2 also improves transaction concurrency, enabling multiple operations to be processed and finalized simultaneously. This capability is particularly beneficial for decentralized finance (DeFi) platforms, real-time gaming, and other high-volume applications built on Sui. Leveraging DAG architecture for parallel performance. The upgraded protocol continues to rely on Directed Acyclic Graph (DAG) architecture - a modern approach that enables multiple transactions to be processed in parallel rather than sequentially. Unlike conventional blockchain structures that depend on serialized blocks, DAGs organize transactions as interconnected nodes, dramatically increasing throughput and scalability. Mysticeti v2 transitions from certified DAGs to uncertified DAGs, removing the need for transaction certifications that previously added computational complexity. This change aligns with a growing industry shift toward simplified, high-speed consensus mechanisms that balance performance with security. Mysten Labs indicated that despite the streamlined approach, the system maintains the same level of fault tolerance and security guarantees as before. Enhanced leader commit rule and dynamic validator selection. A core architectural improvement in Mysticeti v2 lies in the extension of the leader commit rule, which now applies concurrently to all transactions. This modification allows transactions to be finalized or rejected without requiring individual validator votes, reducing latency and network load. Additionally, the Transaction Driver replaces the older Quorum Driver, cutting down validator signature requirements and dynamically routing transactions to validators based on latency. This feature ensures faster and more reliable confirmations, even across geographically distributed networks. Performance gains across global nodes. Mysten Labs has begun deploying Mysticeti v2 across its global node infrastructure, reporting substantial early performance gains. Nodes operating in Asia have seen latency reductions of around 35%, while those in Europe have experienced improvements of approximately 25%. Beginning with Sui node version 1.60, Mysticeti v2 will serve as the default transaction protocol for all new network participants. Developers running Sui full nodes have already observed smoother transaction processing and more consistent block finalization, particularly during periods of heavy demand. Future development and broader impact. Mysten Labs stated that upcoming versions of Mysticeti will continue to prioritize throughput, responsiveness, and deadlock prevention. Planned enhancements include reducing message rounds for transaction commitment, eliminating owned-object deadlocks that affect smart contract execution, and optimizing DAG algorithms for even greater parallelism. These improvements aim to establish Sui as a high-performance, developer-friendly blockchain capable of supporting next-generation use cases such as DeFi, NFT ecosystems, AI-integrated applications, and real-time gaming environments. With Mysticeti v2, Mysten Labs has set a new benchmark for blockchain consensus design by combining validation-integrated consensus with latency-aware transaction routing. The upgrade simplifies validator coordination, removes redundant computational layers, and enhances overall efficiency without compromising decentralization or security. As Sui continues to attract AI-driven and agentic finance platforms, the enhanced transaction capacity and responsiveness enabled by Mysticeti v2 are expected to play a pivotal role in maintaining its competitive edge.

CoinDesk
Nov 7th, 2025
SUI Surges 7% to Break Key Resistance as Broader Market Slips

SUI surges 7% to break key resistance as broader market slips. Low trading volume suggests 'targeted accumulation' by whales or institutional players as SUI defies the CD5 index. What to know: * SUI gained 7.33% to close at $2.08, significantly outperforming the broader crypto market. * The rally happened on below-average volume, suggesting that the buying was likely driven by a small number of large traders. * The token broke through the psychological $2.00 resistance level while most major tokens traded sideways or declined. SUI surged 7.33% to $2.08 over the past 24 hours, breaking through a key resistance level while most of the crypto market traded flat or slipped. The move put the token nearly 7% ahead of the CoinDesk 5 benchmark index, marking a strong divergence that points to token-specific demand. Despite the price jump, SUI's trading volume came in below its 7-day average - an unusual pairing that hints at targeted accumulation, likely by institutional buyers or whales. During the breakout, volume briefly spiked to 44 million tokens traded, a 168% jump over its daily average, suggesting coordinated activity at key price levels. SUI, which powers the layer-1 blockchain developed by Mysten Labs, has drawn attention for its parallel transaction processing - a technical feature that enables faster performance at scale. While no major catalyst was publicly disclosed Friday, analysts have recently cited SUI's architecture and expanding ecosystem as potential drivers for long-term growth. Some have floated a $5 price target by 2025. Technically, the token has built a series of higher lows - $1.93, $1.95 and $1.98 - culminating in the break above the psychological $2.00 mark. Resistance now sits in the $2.07 to $2.08 zone, with the next upside target around $2.34. A stop-loss just below $1.96 could offer a favorable risk/reward for traders betting on continuation. Meanwhile, the broader CD5 index fell slightly, dipping from $1,731.12 to $1,729.63. A sharp drop earlier in the day briefly pushed the index to a session low of $1,700.39 before recovering. The contrast underscores SUI's outsized strength in an otherwise cautious market. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by its editorial team to ensure accuracy and adherence to its standards. For more information, see CoinDesk's full AI Policy. A deep dive into Zcash's zero-knowledge architecture, shielded transaction growth, and its path to becoming encrypted Bitcoin at scale. In 2025, Zcash evolved from niche privacy tech into a functioning encrypted-money network: * Shielded adoption surged, with 20 - 25% of circulating ZEC now held in encrypted addresses and 30% of transactions involving the shielded pool. * The Zashi wallet made shielded transfers the default, pushing privacy from optional to standard practice. * Project Tachyon, led by Sean Bowe, aims to boost throughput to thousands of private transactions per second. * Zcash surpassed Monero in market share, becoming the largest privacy-focused cryptocurrency by capitalization. * JPMorgan Chase & Co increased its stake in the iShares Bitcoin Trust ETF (IBIT) to 5.28 million shares worth $343.47 million, up 64.26% from the previous quarter. * The move follows the bank's research suggesting Bitcoin's fair value could reach $170,000, reflecting growing institutional confidence in digital assets.

Raptor Group
Oct 15th, 2025
EVE Frontier partners with Mysten Labs to use its Layer-1 blockchain Sui platform

EVE Frontier partners with Mysten Labs to use its Layer-1 blockchain Sui platform. EVE Frontier is a single-shard survival experience set in the EVE Universe where you explore a hostile and dangerous environment as they fight to survive and rebuild a broken world. Built on the blockchain, EVE Frontier is a space survival game defined by freedom, challenge, and consequence. You awake from stasis as the last relic of humanity from a brighter age. Civilization has decayed in the ruin of its ambition; feral drone swarms scour its wastes, and survivors fight to gain control over its resources. In the shadow of the Trinary, who will you become? In EVE Frontier, CCP Games is creating a deep player-driven sandbox for a new era. Cast into a cruel and brutal cosmos, you have been lost to time and lost to light. To survive, you will need to explore, exploit and expand in the face of perpetual annihilation. The Frontier is a shattered region of space, warped by the presence of supermassive black holes gravitationally bound in a macabre dance. Rogue AI infests its depths; corrupting and consuming the remnants of what still stands. With all players on one single-shard server, death and opportunity lurk in equal measure. Awareness is power: your skill as a pilot and strategic choices determine the outcome of every encounter, whether you favor hit-and-run tactics, stealth, or all-out warfare. Exploit the Frontier's natural resources to upgrade your ship with vital technology and acquire new capabilities. Obtain fuel, the lifeblood of your journey, to power your travel as you overcome its dangers. A community-driven and dynamic economy allows you to create custom currencies, establish markets, and trade assets, services, and reputation in a truly open environment. Rebuild civilization from its ashes by using Smart Assemblies, an open-ended platform, to construct and program infrastructure within space. Expand your influence through defenses, trading posts and multiple types of functionality, each imbued with a programmable layer that links the world of the Frontier to the real world outside of it. Develop your own ideas or address the needs of others: from mission systems to private economies, Smart Assemblies unlocks third-party development with a toolkit for creators to build beyond a virtual world. CCP Games announced that EVE Frontier will be built on Sui, the Layer-1 blockchain originally developed by Mysten Labs. With more than tens of thousands of star systems and countless player-built ships, factories, and infrastructure set to populate EVE Frontier's cosmos, Sui's object-centric architecture offers a natural fit for modeling a virtual world of this scale and complexity. Additionally, Sui enables near-instant transaction finality, parallel execution of transactions, and more expressive smart contracts - all essential for bringing more aspects of EVE Frontier's gameplay on-chain. This announcement marks a significant step in CCP Games long-standing commitment to creating virtual worlds that are shaped entirely by its players. Building EVE Frontier on Sui represents the next evolution of that vision, marrying CCP Games expertise in large-scale sandbox design with a blockchain built for object ownership, composability, and scalability. This technical and ideological alignment ensures that as EVE Frontier grows, its universe can support deep economic interactions, sophisticated governance, and a truly persistent on-chain record of player history. "Since inception, our mission has been to create virtual worlds more meaningful than real life. With EVE Frontier, we are pushing that ambition further than ever before: building a player moddable universe, bound by its own digital physics, that can outlive us all," said Hilmar Veigar Pétursson, CEO of CCP Games. "As we dug into how Sui is architected, we came across so many familiar concepts, such as how their object-centric approach neatly matches our historic item-centric approach, enabling billions of objects/items, all placed by players, shaping a living universe. For us, Sui offered the unique alignment of architecture, security, and user experience. Together, we're building a world that can truly stand the test of time." CCP Games is designing EVE Frontier to be massively moddable, empowering players and third-party developers to create new objects, structures, and systems called "Smart Assemblies". This vision demands an environment where player-built content can be deployed safely at scale, without introducing vulnerabilities into the game world. Sui's robust security model is crucial in allowing the community to build and deploy via Sui tooling in such a way that the compiled code does not compromise the integrity of the universe. In addition to Sui's powerful combination of speed and scalability, CCP Games will also utilize Mysten Labs' full stack of decentralized technology solutions, including Walrus, the developer platform for trustworthy data, and Seal, which provides native data access controls. Together, these enable new opportunities for players to leverage information asymmetry and exploit intelligence in their pursuit to thrive in the Frontier. "Much of Sui's early design was shaped by the needs of high-performance games with full programmability for players," said Sam Blackshear, co-founder and CTO of Mysten Labs, the original contributors to Sui. "EVE Frontier is the first game to leverage all of the novel features that Sui, Walrus, and Seal offer. We're inspired by CCP Games vision to build a truly player-defined game that outlasts its creators. It's a perfect match for the technical ambition of Sui." EVE Frontier is in the process of porting the current Founder Access build of the game over to Sui. This initial port will also aim to implement many of Sui's features to enhance the user experience, such as zkLogin for native account abstraction, allowing users to sign in with their email addresses, and sponsored gas fees for users, enabling onboarding without barriers and seamlessly bringing billions of player-driven interactions on-chain. Players can construct infrastructure such as storage facilities, trading posts, defenses and more. Think of it as enhanced base-building. Through each structure having a programmable layer, EVE Frontier allows for greater moddability and player expression on top of each "base item". Constructing infrastructure and deploying it on the Frontier does not require it to be programmed. For example, a Smart Storage Unit (SSU) is a structure anchored in space, which acts as smart storage, holding and dispensing any form of inventory players choose to load it with (currencies, items etc.). With Smart Assemblies, this structure can be coded to serve as a marketplace, a quest giver, a bounty hunter system, an arcade machine etc. The programmable interface can be coded to be anything that results in an in-game output relevant to each piece of infrastructure. In EVE Frontier, you own your items and all transactions between players are permitted. CCP Games will not prohibit transactions outside of, and inside of the game. To support this, EVE Frontier will have a range of in-game currencies available, all of which are built on ERC-20 token standards. EVE Token: a utility token that can be exchanged as a means of external value. The EVE Token will exist in a test environment until it has undergone rigorous testing and meets CCP's standards for game & economy design, usage, performance, security and transaction speed. LUX: used only for in-game transactions. For example, LUX can be used to purchase items from in-game markets, to acquire station services, used for trades between players etc. * The ability to trade currency and therefore in-game value outside of EVE Frontier. * The de-incentivizing of secondary markets. * The ability for players to create, exchange and use their own currencies (for example alliance-specific currency) with the same utility. * A means to reward and support the builders of programmed infrastructure (Smart Assemblies) and the operation of its maintenance (e.g. maintaining external development environments). * Intense Survival: Explore, upgrade, and survive in the face of perpetual annihilation. The Frontier is danger incarnate, filled with feral swarms of AI and other players. * Open Economic Sandbox: A fully community-driven and open in-game economy. Create custom currencies, establish markets, and trade assets, services, and reputation in a truly open environment. * Strategic Gameplay Navigate your ship to dodge incoming fire, use celestial bodies as cover, or execute precision maneuvers to outflank your opponents. * Ship Upgrades: Upgrade your ship with vital technology to access new capabilities and skills that open up new playstyles. * Player Agency: Harness Smart Assemblies to configure and add additional functionality. A programmable layer enables limitless creativity for builders and mastery over the game world.

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