Sei Price (SEI)

Sei (SEI) Price Now

Sei price today is $0.5604 with a 24-hour trading volume of $131,490,742. SEI price is down -8.8% in the last 24 hours. It has a circulating supply of 1.8Bil SEI coins and a max supply of 10Bil.

What is Sei Network (SEI)?

Sei Network (SEI) is a layer 1 blockchain that is designed to scale with the industry and enable mass adoption of digital assets. Sei aims to provide a fast, secure, and user-centric environment for building and running decentralized financial applications (DeFi) .

What are the features and benefits of Sei Network?

Sei Network has several features and benefits that make it stand out from other blockchains, such as:

• Fast transaction finality: Sei claims to achieve transaction finality in 500 milliseconds, which is much faster than other blockchains like Bitcoin (60 minutes), Ethereum (6 minutes), or Solana (~2.5 seconds) . This means that transactions on Sei are confirmed and settled almost instantly, reducing the risk of double-spending or reversals.
• High throughput: Sei claims to support 20,000 orders per second, which is much higher than other blockchains like Bitcoin (10 transactions per second), Ethereum (20 transactions per second), or Solana (10,000 transactions per second) ¹³. This means that Sei can handle a large volume of transactions without compromising on speed or security.
• Frontrunning prevention: Sei implements a novel consensus mechanism called Twin-Turbo Consensus, which prevents frontrunning attacks by using a fair batch auction system and a fast binary agreement protocol. Frontrunning is a malicious practice where someone exploits the public nature of blockchain transactions to gain an unfair advantage over other users, such as by jumping ahead of their orders or manipulating prices. By preventing frontrunning, Sei ensures that users can trade with confidence and fairness.
• Trading-focused features: Sei supports various features that are tailored for trading applications, such as native limit orders, order cancellation, partial fills, fee rebates, and market data feeds.  These features allow users to execute complex trading strategies and access real-time market information on Sei.
• Hybrid chain design: Sei combines the advantages of both general-purpose chains and application-specific chains, by allowing developers to create custom sub-chains that run on top of the main chain. This way, developers can optimize their sub-chains for specific use cases and performance requirements, while still benefiting from the security and interoperability of the main chain.
• Cosmos SDK and IBC: Sei is built using the Cosmos SDK, which is a framework for building interoperable blockchains. Sei also supports the Inter-Blockchain Communication protocol (IBC), which is a standard for transferring tokens and data across different blockchains. By using the Cosmos SDK and IBC, Sei can connect with other blockchains in the Cosmos ecosystem and beyond, creating a network of networks for DeFi.

Who is behind Sei Network?

Sei Network is developed by a team of experienced engineers and entrepreneurs who have worked at companies like Airbnb, Goldman Sachs, Google, Microsoft, and Uber. The team is led by Jay Jogalekar, who is the co-founder and CEO of Sei. Jay has over 10 years of experience in software engineering and product management, and has previously worked at Airbnb and Microsoft.

How can I get involved with Sei Network?

There are several ways to get involved with Sei Network, depending on your interest and expertise. For example, you can:

• Join the community: You can join the Sei community on various platforms like Discord, Telegram, Twitter, Medium, or Reddit, where you can interact with other users, developers, and team members. You can also sign up for the newsletter to get the latest updates and announcements about Sei.
• Test the network: You can test the network by participating in the testnet or the incentivized testnet programs. You can also provide feedback and report bugs to help improve the network quality and performance.
• Build on the network: You can build on the network by developing your own sub-chains or applications using the Sei SDK. You can also access various resources and documentation to help you get started .
• Invest in the network: You can invest in the network by acquiring SEI tokens, which are the native tokens of Sei. SEI tokens are used for various purposes on the network, such as paying fees, staking, governance, rewards, and incentives . You can buy SEI tokens from various exchanges or platforms that support Sei.

Sei (SEI) Community

• Twitter: https://twitter.com/SeiNetwork
• Discord: https://discord.gg/sei
• Reddit: https://reddit.com/r/Sei_Network
• Medium: https://medium.com/@seinetwork
• Telegram: https://t.me/seinetwork