So what’s all the hype about Sei Network? Okay, fasten your seat belts. Because $Sei is not your grandmother’s blockchain! Picture this: Sei claims to be the Usain Bolt of layer 1 blockchains, scaling transactions at lightning speed. With a processing range of 300ms to 20,000 OPS, it is basically the flash of the cryptocurrency world.
Sei is like a cool kid who is a master of all trades but specializes in one thing: trading! This is an open source layer 1 blockchain designed to make trading apps work like Super Saiyans. Whether you are interested in DeFi, NFTs, or gaming, $SEI promises that your app will be the highest performing app on blockchain.
six scoops
Simply put, Sei is about optimizing every layer of the stack for trading apps. On top of that, they have a nice built-in order matching engine that allows the exchange app to scale like a skyscraper. Moreover, they claim to be the fastest chain thanks to Twin Turbo consensus. It’s like the espresso shot of blockchain, making things fast and reliable.
What is their secret sauce? Market-based parallelization! It’s like Solana and Aptos had a funky crypto baby and $Sei showed off some cool new dance moves. And guess what? Sei assists with order batching to thwart cunning frontrunners.
Sei burst onto the scene on August 16th and $SEI token trading volume soared past $1 billion. The Sei Labs team is like the mastermind behind building the open source version of $Sei and promoting the mantra that exchanges are at the core of the cryptocurrency world. The current market capitalization is $1.7 billion, hitting an all-time high of $0.77.
You can buy/sell/trade $SEI on Bybit or OKX.
Why DEXs Love $Sei The folks at Sei Labs think DEXs are MVPs, but they face the Exchange trilemma, a tricky dance between decentralization, scalability, and capital efficiency. Sei wants to be their dance partner and solve the problem by optimizing all layers for exchange. They are shouting from the rooftops that all trading apps, including DeFi, NFTs, and gaming DEXs, will get their time to shine with Sei.
How it works – unpackaged!
Now let’s take a look at the magic behind $SEI. It’s like a cool club with cool features like on-chain order matching module, twin turbo consensus, parallel order execution and base price oracle. They mix these together to create a blockchain that is not only fast, but tailored to transactions.
Sei’s Fundraising Roller Coaster Imagine Sei as a rockstar flush with cash! In 2022, they raised $5 million in their first funding round, and the party was hosted by Multicoin Capital, Coinbase Ventures and other big names. By 2023, it had raised $30 million in two funding rounds, pushing its valuation to $800 million. Foresight Ventures then invested a whopping $50 million, turning Sei Ecosystem Fund into a $120 million powerhouse.
Is there Sei-Memecoin?
You guessed it, yes!
Just as Injective has Ninja as its mascot, Sei Network has Super Saiyans. As you know, he is an overwhelming character from the classic DragonBall-Z series.
Naturally, the most powerful Sei memecoin is $SEIYAN. Its current market capitalization is over $20 million.
An overview of Sei-based altcoins and memecoins can be found at Coingecko, and can be traded at Coinhall.
SEI NFTs
Every chain needs its own set of JPEGs. Otherwise it’s not a real chain. Yes?
Of course, the Sei community wanted its own NFT to rock like PFP. One popular collection is Seiyans, which stays true to the chain’s mascot. Another one is The Colony, which currently holds a bottom of 980 $SEI and has received a couple of airdrops for holders.
These NFTs can be traded on Palette Exchange.
Will there be a Sei airdrop?
In our opinion, yes.
As mentioned above, we have already seen several airdrops to The Colony NFT holders. These were mostly memecoins trying to attract the attention of ecosystem enthusiasts. But going a little further we expect more Sei Airdrop Action. As this ecosystem grows, airdrops are expected to rise as well!
stay tuned ourBecause if that happens, we’ll be the first to post.
final thoughts
Simply put, Sei is like a disco ball for layer 1 blockchains. It’s shiny, fast, and the life of the party for app trading. So, if you want to make your DeFi DEX, NFT marketplace, or gaming DEX the belle of the cryptocurrency world, $SEI is the place! 🚀💃
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