The public chain $SEI is quite interesting, focusing on a trading-specific chain track, backed by the Cosmos ecosystem, specifically providing exchange services for game assets and NFTs.
It aims to create a faster and cheaper exchange-specific chain to solve the congestion issues currently faced by Ethereum.
The token SEI has recently seen significant gains, skyrocketing by 47% in a day, though it also has high volatility.
In the short term, the popularity looks good, as the Layer 1 track always has stories to tell, and with the current demand for high-frequency trading in games and NFTs, better infrastructure is indeed needed. However, in the long term, we need to see actual applications land—right now, the on-chain ecosystem hasn't exploded; relying solely on concepts to support market value will eventually lead to a decline. If the team can truly enhance the trading experience and attract a few leading exchanges or game projects, then there is a chance to compete with Solana and others for market share.
My view is: it's okay to speculate with a small position, but don't hold it as a faith coin. There are too many new public chains in this bull market, and in the end, only two or three may survive.
If you really want to invest, wait for it to pull back a bit deeper or for the ecosystem to produce a blockbuster application before considering a heavy position.
