SEI (Token of the Sei Network)

Here’s a breakdown of SEI (the native token of the Sei Network) — what it is, how it works, its uses, and what to watch out for.

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✅ What is it?

SEI is the native cryptocurrency of the Sei Network.

The Sei Network is a Layer-1 blockchain designed specifically for high-performance trading use-cases (especially decentralized exchanges “DEXes”), with EVM compatibility (so it supports Ethereum-style smart contracts) and optimizations for speed and scalability.

For example, Sei claims sub-400 ms finality and high throughput by using parallelized execution and optimized consensus.

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🎯 What are the key uses of SEI?

Transaction fees / gas: Like other blockchain native tokens, SEI is used to pay for operations on the network (transactions, smart contracts etc).

Staking / network security: SEI token holders/stakers help secure the network (PoS / delegated PoS model) and may earn rewards.

Governance: Token holders often have governance rights (voting on upgrades, parameters).

Ecosystem / infrastructure support: Because the network is tailored for high-frequency trading, SEI underpins a broader ecosystem of DEXes, asset tokenization, gaming, etc.

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📊 Current metrics & status

According to CoinMarketCap: SEI live price around US$0.1377 (note: crypto prices change fast).

Circulating supply: ~6.37 billion SEI.

Total supply / max supply: Some sources say total supply ≈10 billion SEI.

The network is increasing adoption: metrics like TVL (Total Value Locked), active addresses, and ecosystem growth are cited.