In addition to EVM, what other catalysts worthy of attention are driving Sei's rapid rise?

Recently, Sei’s gains have been considerable. On January 6, SEI hit an all-time high, with the price reaching $0.88. Although the Bitcoin ETF "sell the news" incident later caused the market to fall, SEI's currency price still performed well. Even if a dip occurs, the SEI is able to recover lost ground quickly. As of press time, Sei's quotation was $0.80, with a 24-hour increase of 9.35%.

Crypto researcher Jake Pahor conducted a detailed study of Sei, delving into multiple perspectives including use cases, adoption, project revenue, and token economics. The full text was compiled by Shenchao.

Overview

Sei is a layer 1 blockchain designed for trading digital assets, including gaming, social, NFT and DeFi.

It claims to be the fastest blockchain in the industry, with transaction settlement time of 380 milliseconds, and is built using the Cosmos SDK.

Use Case

The current problem faced by exchanges based on L1 is scalability. They cannot achieve decentralization, scalability and capital at the same time. efficiency.

And Sei solves the exchange scalability problem through dedicated transaction L1.

By optimizing every layer, Sei provides superior infrastructure for digital asset exchange. Sei provides:

• The fastest chain to achieve the ultimate goal

• Twin Turbo Consensus

• Market-based parallelization

• Native matching engine

• Front-running protection

adopt

Sei’s TVL currently stands at $11.4 million, which is relatively low considering the project’s market capitalization. However, Sei is a relatively new project/chain, with its mainnet launched in August 2023.

As the ecosystem continues to grow, I expect there will be significant inflows of funds into TVL.

Revenue

SEI token captures revenue/fees in multiple ways:

• Sei Blockchain Transaction fees on

• Tips for validators to prioritize transactions

• Transaction fees on Sei blockchain-based exchanges

Investors who stake SEI to one of the validators can earn an annual interest rate of approximately 4.59%.

Token Economics

Sei operates as a decentralized Proof-of-Stake (PoS) blockchain, consisting of SEI tokens with multiple functions Support provided:

• Network Fees

• DPoS Validator Staking

• Governance

• Native Collateral

• Fees Market

• Transaction Fees

## The total supply of #SEI is capped at 10 billion tokens.

Approximately 3% of SEI tokens are airdropped from Solana, Ethereum, Arbitrum, Polygon, Binance Smart Chain, and Osmosis to early adopters of the chain.

The following are some current statistics:

• Circulating supply: 242.5 million

• Maximum supply: 100 100 million

• Market value: 1.9 billion US dollars

• FDV: 7.8 billion US dollars

##Market value/ FDV: 0.24

Treasury

According to the token allocation, 9% of the tokens (900 million Sei) are allocated Gave it to the Sei Foundation vault. In today’s terms, that’s equivalent to $700 million. This provides sufficient funds for the development of the project.

Governance

The SEI network is secured by over 39 active validators, ensuring accuracy through Sei’s Twin Turbo consensus mechanism.

Token holders can participate in governance by submitting on-chain transactions. However, formal governance processes have not yet been fully detailed.

Team and Investors

Sei was founded in 2022 by Jay Jog (ex-Robinhood staff) and Jeff Feng (ex-Goldman staff).

In 2 years, it has raised more than $85 million across multiple rounds of funding.

Investors include Multicoin Capital, Coinbase Ventures, Jump Crypto and Delphi Digital.

Competitors

Multiple projects are competing with Sei in hopes of building the best deal Layer 1. These projects include Aptos, Injective, Kujira, Sei, Sui, and Solana.

However, Sei stands out as a formidable competitor with incredibly fast transaction speeds and a rapidly growing ecosystem.

Risk

Sei was audited by CertiK in July 2023. 1 critical risk was identified and addressed and 4 major risks were acknowledged.

CertiK gave Sei a security score of 90.39, placing it in the top 10% of the protocols they surveyed.

Summary

Sei attracts a lot of attention and has some impressive technology. This project has huge potential.

The following Sei upcoming catalysts:

• Sei v2 - Parallelizing the EVM Blockchain

• $120M SEI Ecosystem Fund

• Sei Launchpad Program

• Tokenized RWA

Comprehensive Review Come down, if the full score is 10 points, I would give Sei a score of 7.7.

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