Technical Advantages of Sei Network
High Speed: Sei can achieve block finality in about 380 milliseconds, making it one of the fastest blockchains in the industry.
Parallel Execution: With a parallelized EVM architecture, Sei enables high throughput and quick finality, suitable for high-volume trading applications.
Twin-Turbo Consensus: Utilizing an advanced consensus mechanism that enhances transaction efficiency and speed.
Interoperability: Built on the Cosmos SDK and utilizing CosmWasm, Sei supports interoperability with other blockchains through IBC (Inter-Blockchain Communication).
SEI Token
SEI is the native token of the Sei Network that serves as:
Transaction Fee Payment: Used to pay transaction fees on the Sei network.
Staking and Network Security: SEI holders can stake to support network security and earn rewards.
Governance: SEI allows participation in decision-making regarding the development and direction of the network.
Liquidity and Collateral: Used as liquidity assets and collateral in DeFi applications built on Sei.
Price and Market Capitalization
As of May 14, 2025, the price of SEI is approximately $0.26 with a market capitalization of about $1.31 billion.
Founders and Support
Sei was founded by Dan Edlebeck and Jayendra Jog, with support from prominent investors such as Circle Ventures and Coinbase Ventures.
With a focus on speed, efficiency, and interoperability, Sei Network offers innovative solutions for developers and users seeking a blockchain platform optimized for trading and other DeFi applications.