Sei is an open source Layer 1 blockchain specialized for trading that optimizes each layer of the stack to deliver the best infrastructure for any trading application. Leveraging a new consensus and technical breakthroughs, Sei is the fastest blockchain in existence.
What problem does Sei solve?
The exchange of digital assets is the cornerstone of cryptocurrency across the #DeFi , #NFT marketplaces and GameFi.
Despite having the clearest product-market fit of all application types in crypto, trading applications face a major scaling challenge in Tier 1s today. Exchanges face the Exchange Trilemma: between decentralization, scalability and capital efficiency, they fail to achieve all three.
Sei addresses the DEX scalability issue by creating the first Layer 1 specialized for trading by optimizing each layer of the stack to deliver the best infrastructure for trading applications.
Features
Sei claims that any type of trading application will run better on Sei than any other Layer 1, whether it is a DeFi DEX, NFT marketplace, or gaming DEX
Sei offers a native order matching engine in L1.
Sei claims it is the fastest chain in existence due to the Twin Turbo consensus (lower limit time up to 300ms). Twin Turbo consensus has 2 parts: smart block propagation and optimistic block processing. Both are designed to safely and reliably reduce the time taken to reach consensus.
Sei leverages market-based parallelization, a special type of parallelization that differs from Solana and Aptos.
Sei supports order batching to avoid pre-running.
To compare
Applications (Dapps & Ecosystem)
Every day you can hear about a new project being partnered on Sei. Sei Network already hosts hundreds of applications and continues to grow its ecosystem.
It also provides $120M in funding for new application developers.