Sei’s (SEI) price surged 10% following the Sei Foundation’s proposal for a V2 upgrade aimed at improving Ethereum compatibility and performance. The announcement of transitioning to Sei blockchain version 2 sparked a bullish rally in the cryptocurrency’s value.
This upgrade will introduce a faster, parallelized Ethereum Virtual Machine (EVM), enabling quicker processing and compatibility with Ethereum-based contracts.
Sei Blockchain V2 Upgrade Boosts Performance and Compatibility
The Sei Foundation’s proposal to upgrade to version 2 of its blockchain software marks a significant advancement in its development. According to Sei Labs, this new version will incorporate a parallelized Ethereum Virtual Machine (EVM), promising sub-second transaction finality and a superior user experience.
Pending approval through governance, the upgrade is scheduled to go live in one week, starting May 27. The primary objective of this upgrade is to enhance blockchain performance and expand compatibility with Ethereum-based applications. Notably, applications such as Uniswap, Frax, and The Graph are expected to operate seamlessly on the improved network.
Additionally, the Sei team highlights that this enhancement positions their blockchain as a robust competitor in the high-performance network sector, alongside other platforms utilizing parallelized EVMs like Monad and Neon. This move underscores Sei’s commitment to innovation and scalability within the blockchain ecosystem.
Sei Blockchain V2 Upgrade Enhances Interoperability and Performance
In November 2023, Sei Labs unveiled plans to integrate EVM support into the upcoming Sei V2 upgrade, aiming to seamlessly incorporate Ethereum-based contracts onto the Sei network. This initiative is set to significantly enhance blockchain interoperability and functionality.

The V2 upgrade will utilize Geth, an Ethereum Virtual Machine implemented in Go, to enhance integration between Sei’s current smart contract framework, based on CosmWasm technology, and new EVM functionalities.
Moreover, Sei V2 will introduce SeiDB, a new data structure tailored for the platform’s storage layer. This innovation is designed to minimize state bloat and streamline state synchronization for new nodes joining the network. These technological advancements are expected to substantially improve Sei’s performance and scalability capabilities.
Sei V2 Upgrade Boosts Market Sentiment and Performance
The announcement of the V2 upgrade has significantly boosted Sei’s market performance, with its price surging by 10% following the news. This positive market response underscores optimism about the upgrade’s potential to enhance the network’s functionalities.

Simultaneously, SEI’s market capitalization and 24-hour trading volume experienced substantial increases of 8.84% and 122%, respectively, reaching $1,670,526,000 and $120,509,493. At the time of writing, SEI’s price was trading at $0.5705, marking an 8.46% increase from its intra-day low. These metrics reflect strong market interest and activity driven by the anticipation of Sei’s upcoming enhancements.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#SEI #SeiNetwork

In an ever-expanding blockchain ecosystem, the need for robust security measures is paramount. Acknowledging this, Sei Labs, in collaboration with Immunefi, has launched a comprehensive bug bounty program. This initiative, designed for security researchers, developers, and white hat hackers, aims to identify and address potential vulnerabilities within the Sei ecosystem.
Why a Bug Bounty Program?
As the Sei ecosystem grows, the likelihood of bugs and vulnerabilities arises. Recognizing the importance of security, the Sei Foundation has partnered with Immunefi, a leading bug bounty and security services platform for Web3, safeguarding over $60 billion in user funds. This bug bounty program incentivizes white hat hackers to proactively report issues, fostering a secure and stable platform while promoting responsible disclosure.
Bug Bounty Program Focus Areas
The bug bounty program primarily targets specific theoretical cases to preemptively identify vulnerabilities. The program spans two major categories: Blockchain/DLT and Websites/Applications. Within these categories, various impacts are considered acceptable, ranging from issues affecting the blockchain network to potential threats to websites and applications.
Blockchain/DLT Impacts:
Network confirmation issuesUnintended chain splitsDirect and permanent loss of fundsFreezing of funds (temporary or permanent)Network node disruptionsRPC API crashesSmart contract behavior deviationsModification of transaction fees
Websites and Applications Impacts:
Execution of arbitrary system commandsRetrieval of sensitive data/filesTaking down applications/websitesUnauthorized state-modifying actionsTheft of user funds or NFTsInjection of malicious code or XSSUnauthorized user information disclosureSubdomain takeoversManipulation of contentRedirecting users to malicious websites
Bounty Rewards
The bug bounty program offers rewards ranging from $1,000 to a maximum of $2,000,000, depending on the severity and threat level of the identified vulnerabilities. The bounty rewards are categorized from low to critical degrees, reflecting the potential impact on the Sei ecosystem.
How to Participate
If you're a security researcher, developer, or white hat hacker, and you're ready to embark on a bug hunting journey, visit Immunefi for the program's scope table and terms and conditions. Ensure your findings align with the eligibility criteria set by the Sei Foundation.
About Immunefi
Immunefi stands as the premier bug bounty platform for smart contracts and DeFi projects. Security researchers play a pivotal role by reviewing code, disclosing vulnerabilities, and contributing to a safer crypto environment. Immunefi's bug bounties and comprehensive security services collectively mitigate security risks in the crypto space.
About Sei Foundation
The Sei Foundation, a non profit organization, is dedicated to empowering builders and contributors to the Sei blockchain. It is committed to further decentralizing the blockchain over time, fostering community-driven development and innovation.
About Sei Labs
Sei Labs is a key contributor to the open-source #Sei blockchain, renowned as the fastest Layer 1 for trading. Leveraging industry veterans from esteemed institutions, Sei Labs ensures modern performance and scalability, enabling decentralized exchanges and trading apps to deliver an unparalleled user experience.

#crypto2023 #crypto2023A #etf #SeiNetwork $SEI $ETH $SOL

Hello Binancians🙋‍♀️

Today I will talk about one of the most talked about projects of recent times.

What is SEI?

Built using SeiNetwork, CosmosSDK and Tendermint_Core, Sei is an open-source Tier 1 blockchain that acts as the liquidity center for DeFi products built on top of it.

Applications can connect to the Sei order book infrastructure and access liquidity in other applications.



What Problem Does Sei Solve?

Trading digital assets is the cornerstone of cryptocurrency across DeFi, NFT marketplaces, and GameFi.

Although Tier 1s have the most marketable products among crypto applications, trading applications face a huge scaling problem.

Exchanges are also experiencing their own trilemma: decentralization, scalability and capital efficiency. It is very difficult to achieve all three at the same time.

Sei addresses the issue of DEX scalability by optimizing each layer of the network to offer the best infrastructure for trading applications, creating the first layer 1 specialized for trading.



What Sei offers?

1.Sei is the fastest chain to finality - point blank - with a lower bound of 300ms

2.Twin-turbo consensus - achieves industry-leading performance

3.One of the only chains to conduct market-based parallelization

4.Native order matching engine that exchange teams can leverage.

5.Frontrunning protection - combats malicious frontrunning that is rampant in other ecosystems



So Investors?

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What About Partner?

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#SeiNetwork #sei #Binance #crypto2023

Welcome to an exciting update in the world of cryptocurrency enthusiasts and investors! In the realm of digital assets, where innovation and opportunities abound, a recent development has caught the attention of many: the commencement of the SEI (Sei) Airdrop Claims. This much-anticipated event marks a significant milestone in the journey of SEI, a prominent player in the blockchain space.

In this article, we delve into the details of this latest revelation, guiding you through the essential steps to claim your rightful share in the SEI airdrop. Whether you're a seasoned cryptocurrency aficionado or a newcomer eager to explore the possibilities, understanding the process and eligibility criteria is paramount.

We'll unravel the intricate web of information surrounding this airdrop, shedding light on how to navigate the claiming procedure and ensure you meet the eligibility requirements. As the crypto landscape continues to evolve, staying informed about such opportunities is crucial to making the most of your digital investment ventures.

So, if you're ready to dive into the world of SEI's airdrop claims, learn how to secure your tokens, and unravel the mysteries of eligibility verification, join us on this informative journey. Embark on this adventure armed with knowledge and insights, and position yourself to reap the benefits of the Good Airdrop News: Sei (SEI) Airdrop Claims Officially Started!

Airdrop claims were opened for Sei (SEI), which angered crypto money investors because the airdrop was not distributed to users immediately after its mainnet went live.

Regarding the non-starting of the airdrop process, an SEI spokesperson said that there is no such thing as a postponement of the airdrop distribution, and that they did not make any promises that the mainnet and the airdrop will take place at the same time.

The following statements were used in the statement made from the official blog post:

“The moment the Sei Community has been waiting for has finally arrived: the public beta launch of Pacific-1.

Airdrop is currently open to requests.

You can check eligibility and claim cross-chain airdrop with rewards for Atlantic contributors: https://app.sei.io/rewards”

#Airdrop #SeiNetwork $SEI

SEI, the native token of the Sei Network blockchain, has seen immense volatility this week, with prices rising 23.13% in the past 24 hours. Key highlights include:
24H Low: $0.607724H High: $0.794724H Volume: $1.23 billion, up 119%
Launched in August, Sei Network quickly reached a $400 million market cap on the back of support from major crypto venture funds like Jump Crypto and Multicoin Capital.
However, on-chain activity remained muted in subsequent months as SEI traded sideways—until this recent outbreak of speculative frenzy.

The increase aligns with the team providing details on a noteworthy network upgrade called Sei Zero. Planned features include:
Making Sei the fastest blockchain in terms of TPSLetting developers deploy audited smart contracts from EVM chainsIntroducing parallelized transaction processing
Per the developers, these changes could make Sei far more appealing for traders and decentralized applications.
In the wider context, there is a growing interest among speculators in “ETH killer” blockchains such as Solana and Avalanche. As capital shifts away from recent outperformers and moves into the next promising blockchain, networks like Sei are poised to gain advantages.
In summary, a major network upgrade appears to be catalyzing a renewed hype cycle for Sei and its native SEI token among crypto traders hungry for the next big thing. The sustainability of this explosive price action remains an open question.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#SeiNetwork #SEI $SEI

Sei (SEI) has experienced substantial gains over the past 24 hours, marked by a 52% surge in price, propelling it to a new all-time high of $0.3501. The impressive performance has positioned Sei as the 81st-largest cryptocurrency, with a market cap of $799 million.
Sei’s recent rally extends beyond its price surge, as both social activity and open interest (OI) have more than doubled within the same 24-hour period. According to data from Santiment, Sei’s daily trading volume witnessed a 433% increase, reaching $680 million. 

The Relative Strength Index (RSI) for Sei also saw a notable increase, rising from 39 to 57 within the past day.  In a broader context, Sei’s recent success is complemented by strategic partnerships and technological advancements.
Last month, Circle, the entity behind the second-largest stablecoin, USDC, announced a strategic collaboration with Sei’s layer-1 blockchain. Additionally, Sei Labs revealed that Sei v2 would support the Ethereum Virtual Machine, enhancing its capabilities and potential use cases.
As Sei continues to capture the spotlight with its exceptional performance, market analysts closely observe whether the cryptocurrency can sustain its momentum and navigate potential corrections in the ever-evolving crypto landscape.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#SeiNetwork #SEI $SEI

Impressive Surge: SEI has surged by an impressive 35% within the last day, achieving an unprecedented high of $0.2988.Performance Drivers: The remarkable uptick in SEI's value is attributed to significant trading volume, increased social activity surrounding the asset, and a prevailing positive sentiment in the market.Positive Bitcoin Correlation: SEI demonstrates a positive correlation with Bitcoin, indicating a potential for continued upward movement.Price Projection: Analysts anticipate SEI to revisit the $0.26 mark, marking a potential retest, before potentially extending its rally towards $0.3633.

The current crypto market sentiment remains bullish, especially after Bitcoin surged past the $38,000 mark, signaling potential for exploration towards $40,000 or beyond pending a breakout and subsequent close.
Among the various cryptocurrencies, one asset stands out with unparalleled bullish momentum: SEI.
SEI, positioned as the 75th largest cryptocurrency by market cap, has emerged as the standout performer in the market, particularly over the last 24 hours.
Analyzing SEI's Remarkable Performance SEI's price trajectory across daily, weekly, and monthly intervals has been nothing short of parabolic. Data from CoinMarketCap illustrates a staggering surge of approximately 35% within a day, propelling SEI to an all-time high of approximately $0.2988.
This surge reflects a weekly gain of over 60% and a monthly increase of around 150%, driving SEI's market cap to approximately $645 million and solidifying its position in the crypto rankings.
Factors Fueling SEI's Success SEI attributes its stellar performance to several contributing factors, including consistently high trading volume, robust social activity, and a prevailing positive market sentiment. Notably, a strategic investment from Circle, the issuer of USDC, has significantly bolstered SEI's prospects.
Circle's recent investment announcement highlighted SEI as part of its African expansion plans, leveraging SEI's established presence in the region. SEI's trading volume surge in the past day, surpassing its market cap to approximately $796 million, indicates robust liquidity within the SEI network catalyzed by its price surge.
SEI's Future Trajectory Throughout November, SEI has demonstrated a bullish trend, as depicted in its 4-hour chart. Starting from lows around $0.1, the cryptocurrency has more than doubled in value, presently trading around $0.27.
The current price movement suggests a potential resistance zone near the recent $0.2988 all-time high, leading to a slight decline to approximately $0.2715. However, SEI's likely course of action involves retesting the $0.26 high from November 25 to establish a higher low.
Maintaining support above this level could signal a continuation of SEI's upward rally, possibly targeting the $0.3633 zone as indicated by the Fibonacci retracement tool.
While SEI's correlation with Bitcoin remains positive, indicating further upward potential, its short-term trajectory involves potential retests and higher lows before resuming its ascent.
As with any investment-related content, Voice of Crypto aims for accuracy while advising independent research and decision-making due to the inherent volatility of cryptocurrencies.

#SEI #SeiNetwork #sei #cryptocurrency #crypto2023
$SEI