Today, we are excited to share a new article about Sei, our new upcoming listing! Check it out here to get more info about the listing. Be sure to follow Bitrue's Official Twitter and Telegram to stay updated!
The Sei Network is revolutionizing the decentralized exchange (DEX) space with its specialized Layer 1 blockchain tailored for trading apps. Boasting impressive transaction speeds, scalability, and innovative consensus mechanisms, Sei stands out as the fastest blockchain on the market. This highlight article explores how Sei works and what makes it unique, highlighting its key features, advantages, and funding achievements.
Unparalleled Speed and Efficiency
Sei stands out for its incredible transaction speeds, which are faster than other Layer 1 networks. It achieves this with Twin Turbo consensus, a smart combination of block propagation and optimistic block processing. This innovation significantly reduces the time it takes to reach agreement on transactions, making Sei the fastest blockchain out there.
Tailored for Trading Apps
Sei's infrastructure optimization focuses on delivering the best trading experience for various trading apps, including DeFi DEXes, NFT marketplaces, and gaming DEXes. The platform achieves this through its native order-matching engine, allowing exchange apps built on top to scale effectively, unlike other Layer 1 networks.
Solving the Exchange Trilemma
Sei addresses the Exchange Trilemma faced by most DEXs, offering a solution to balance decentralization, scalability, and capital efficiency. By optimizing every layer of the stack, Sei becomes a cost-effective, transparent, and efficient solution for traders and market makers alike.
Sei integrates market-based parallelization to increase throughput, single-block order execution for faster transactions, order bundling for cost-effectiveness, and frequent batch auctioning to prevent frontrunning. The inclusion of a native price oracle at Layer 1 ensures reliable price feeds for users and developers.
Impressive Funding Rounds
Sei's success is backed by notable funding rounds, including a $5 million funding round led by Multicoin Capital and a $30 million investment from renowned investors. This capital has further accelerated Sei's growth and expanded its presence in the Asia-Pacific region, contributing to a current valuation of $800 million.
Sei (SEI) tokenomics demonstrate a well-thought-out distribution approach as it prepares for listing. With a total supply of 10,000,000,000 SEI tokens, as of August 1, 2023, the allocation strategy is designed to promote growth and sustainability. Private investors and the team will each receive 20%, while 9% will be reserved for the foundation. Significantly, 48% will be dedicated to ecological reserve funds, ensuring long-term viability and development. Additionally, 3% will be utilized as rewards for participants in the Launchpool, encouraging user engagement. Once listed, 1,800,000,000 tokens (18.00% of the total supply) will be in circulation, facilitating liquidity and fostering a vibrant ecosystem. Sei's meticulous tokenomics lay a solid foundation for a promising future.
Sei Network emerges as a groundbreaking Layer 1 blockchain designed explicitly for decentralized exchanges. Its unrivaled transaction speed, scalability, and focus on trading apps make it a prime choice for traders, market makers, and developers. By providing an optimized infrastructure for exchanges, Sei is transforming the DEX landscape, solidifying its position as a leading solution for the future of decentralized trading.
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