Sei Research Hub | SEI information, history and analysis
Sei Network is the first Layer -1 Blockchain dedicated to the development of the Orderbook, which was born specifically for DeFi with the goal of building the best infrastructure for this nascent DeFi sector.
Set Network is built based on Cosmos SDK and uses the Limit Order Book (CLOB). Sei Network will be operated as an infrastructure for DeFi on top of Cosmos’ ecosystem.
SEI is a utility and governance coin, officially operating within the Sei ecosystem, operates on the Cosmos platform, is compatible with the ERC20 standard and can be used for the following purposes:
- Network Fees: Pay for transaction fees on the Sei blockchain.
- DPoS Validator Staking: SEI holders have the option to delegate their holdings with validators or stake SEI to run their own validator to secure the network.
- Governance: SEI holders can engage in future governance of the protocol.
- Native Collateral: SEI can be used as native asset liquidity or collateral to applications built on the Sei blockchain.
- Trading Fees: SEI can be used as fees for exchanges built on Sei blockchain.
The Sei Foundation is exploring the acquisition of genetic testing company 23andMe following its bankruptcy filing. They aim to transition the sensitive genetic data of millions to blockchain for better ownership and privacy.
The bankruptcy raised significant privacy concerns, prompting state attorneys to urge users to delete their data. The Sei network emphasized the importance of data sovereignty and national security.
Currently, SEI crypto is in a consolidation phase that fosters strong market momentum. The low transaction fees are attracting more traders and investors, thus enhancing user activity and driving broader adoption.
Magic Eden is adding support for the Sei Network, so users will soon be able to buy, sell, and trade all their favorite Sei NFTs in one place.
This expansion means you’ll soon be able to trade Sei NFTs on Magic Eden’s platform without jumping between different sites or wallets. Sei Network brings speed and low costs, while Magic Eden brings the convenience of a top NFT marketplace.
According to Odaily, Sei Network has attracted nearly 808,000 new users in the past 30 days, marking a 34% increase in new user numbers.
Additionally, since the launch of Sei EVM, a total of 1.7 million unique addresses have conducted at least one transaction. This significant user engagement highlights the growing interest and adoption of Sei Network’s EVM capabilities.
Covalent, the leading modular data infrastructure layer dedicated to solving Long-Term Data Availability and verifiable, structured data for AI, has announced a new collaboration with Sei, the first Parallelized EVM blockchain.
This collaboration will focus on providing developers with enhanced access to Sei’s unique onchain data, facilitating the creation of innovative applications with faster execution and greater efficiency.
The cross-chain application building platform, Hyperlane, has announced its connection with the Sei Network.
The collaboration between Hyperlane and Sei Network is a significant step towards seamless cross-chain operations, enhancing the overall efficiency and functionality of both networks.
According to PANews, OpenSea, a marketplace for non-fungible tokens (NFTs), has announced its support for NFTs on the Sei network.
Users can now buy, sell, or bid on NFTs on the Sei network. This development expands the options for users to engage in NFT transactions.
Sei’s (SEI) price has experienced a bullish rally after the Sei Foundation announced a proposed upgrade. The news of transitioning to Sei blockchain version 2 has seen the cryptocurrency’s value increase by 10%.
This update will introduce a high-performance, parallelized Ethereum Virtual Machine (EVM), allowing the network to work much faster and be compatible with Ethereum-based contracts.
SEI briefly breaks through 0.75 USDT, reaching a historic high
SEI, the native token of SEI Network, has set a new ATH of 0.7947 USDT.
SEI’s current price is 0.76 USDT, with a 24-hour increase of 30.39%.
Sei v2 to include EVM compatibility
Sei Labs introduced version 2 upgrades for its Sei L1 network which includes support for Ethereum Virtual Machine (EVM) by adding Geth, a popular Ethereum programming language.
Sei Labs said the upgrade code has been audited and will be released in Q1 2024.