1. Latest progress of SEI

  • When Sei Network released its white paper at the end of October last year, it had already made its airdrop public, saying that 1% of the total supply of SEI would be used to reward testnet participants. In February of this year, when Sei was seeking Series A funding, it said that it would launch the mainnet and release airdrops in a few months.

    Ecological layout has always been the focus of Sei's development, especially after entering 2023. In January and April, Sei received two ecological investment funds. Among them, the $20 million crypto ecological fund of the crypto trading platform MEXC and the $50 million crypto ecological fund of Foresight Ventures and the cryptocurrency exchange Bitget, plus the $50 million investment received in September last year from Multicoin Capital, Delphi Digital, Hypersphere and many other investment institutions and market makers. As of now, the total size of Sei's ecological fund has soared to $120 million.

  • In March and April, Sei Network was active. First, it announced the latest progress of the testnet. On March 14, Sei Network announced the launch of Atlantic-2, the final testnet version before the mainnet launch. Atlantic-2 uses Sei's Twin Turbo consensus, DeliverTx and Enblock parallelization, and permissionless deployment. Twin Turbo consensus enables Sei to broadcast and process blocks faster; in terms of parallelization, Sei uses two different types of parallelization to further improve network throughput and latency, where DeliverTx parallelization allows parallelization of all types of transactions, while Endblock parallelization only applies to order transactions.

    Sei Network also released some data about the final testnet version Atlantic-2. A week after the Atlantic-2 testnet went online, it had more than 500,000 independent users. Within a month, it attracted more than 3.6 million independent users and processed more than 35 million transactions.

    The second is the establishment of the Sei Foundation. On March 29, Sei Network officially announced the news on Twitter, stating that the Sei Foundation is a non-profit organization to support the Sei ecosystem to fund protocol development and develop the ecosystem. The Sei Foundation will handle token grants, airdrops, product requests, initiatives, and delegation programs. In addition, the Sei Labs team remains committed to developing open source software.

    The third is to explore NFT. On April 4, Sei Network tweeted that the Sei Sunken Treasure event is Sei’s largest NFT series, with more than 600,000 NFTs minted since March 15, and launched the second phase of the Sei Sunken Treasure NFT event.

    Recently, Sei Network and Sei Labs Ecosystem Fund announced two large financing rounds within two days, which can also accelerate the development of its ecosystem to a certain extent.

  • According to official news, the Sei mainnet beta version Pacific-1 is now officially launched, supporting users to cross-chain and stake SEI. Atlantic and airdrop rewards will be available after the initial warm-up period when the Sei ecosystem is ready.

    Sei officially announced the token economics, with a total supply cap of 10 billion, 51% of which has been allocated to the community, of which 48% is allocated to the ecosystem reserve, including staking rewards, ecosystem plans, and Sei airdrops and rewards. 9% of the tokens are allocated to the foundation treasury; 3% of the tokens are allocated to Launchpool.

    Subsequently, the Sei Foundation announced that it would increase the number of eligible wallets for cross-chain airdrops from 500,000 to 1.5 million, including users from Ethereum, Polygon, Arbitrum, BNB Chain, Solana, Optimism, and Osmosis chains.

  • As of now, Sei's thriving ecosystem has included more than 150 projects across multiple web3 fields, including social, NFT, games, and DeFi. Top projects in the Sei ecosystem include Fable, Dagora, and Fuzio. Starting from Sei's special mechanism, they are exploring gameFi, NFT, and DeFi.

  • Sei officially released a token economics update, listing the six major use cases of SEI:

    Network Fees: Payment for transactions on the Sei blockchain.

    DPoS Validator Staking: SEI holders can choose to delegate their token share to a validator, or stake SEI to run their own validator to secure the network.

    Governance: SEI holders can participate in future protocol governance.

    Native Collateral: SEI can be used as native asset liquidity or collateral for applications built on the Sei blockchain.

    Fee Market: Users can pay a tip to a validator to have their transactions processed first, which can be shared with users who delegated to that validator.

    Transaction Fees: SEI can be used as fees for exchanges built on the Sei blockchain.

    In addition, according to the latest official token distribution information:

    48% of tokens are allocated to the ecosystem, 20% to the team, 20% to investors, 9% to the foundation, and 3% to Binance Launchpool

    The largest proportion of tokens is allocated to the ecosystem, accounting for 48%, which is divided into three parts: staking rewards, ecosystem initiatives, and Sei airdrops and incentives. The "Season 1" airdrop will allocate 3% of the SEI token supply to reward community users.

2. Ecological Project

Article Source:

https://www.coinonpro.com/news/toutiao/267205.html

https://www.panewslab.com/zh/articledetails/m9s5nxqn.html

https://www.chaincatcher.com/article/2099661

https://www.odaily.news/post/5186431

https://coinvoice.pro/article/1670736028067336194

https://www.panewslab.com/zh/articledetails/m9s5nxqn.html

https://www.theblockbeats.info/news/33185?search=1

https://finance.sina.cn/blockchain/2023-04-14/detail-imyqirfh6496627.d.html