Sei is a Layer 1 blockchain designed for trading activities such as derivatives trading, spot trading. Therefore, they chose to build on Cosmos SDK to take advantage of technology from Tendermint protocol, IBC... to create a complete and scalable decentralized transaction ecosystem.
Currently, Sei is in the development phase and doesn't have a big ecosystem yet. However, Sei has attracted some major partners to join this network, especially in the field of DEX (Decentralized Exchange), here are some typical projects on Sei:
Dagora: NFT Marketplace is built by Coin98, besides supporting Sei Network, Dagora is also present on many other chains such as Polygon, BNB Chain and Solana,... SushiSwap: A decentralized exchange with TVL that has reached 9 billion USD. Pyth: Oracle solution and cooperation with many big partners like Amber, Wintermute,...
Highlights:
- Sei has over 3 million testnet users.
- Improve transaction speed and user experience by integrating MEV and anti-front-running.
- The transaction speed is fast when reaching the threshold of 500 ms, a relatively high number.. However, Sei still shows that although the speed is fast, there is still a relatively high latency. Show Less
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