Dubbed as the "Decentralized Nasdaq," Sei Network is carving out a unique niche, focusing on creating an infrastructure that caters to the needs of financial dApps. The token has been up to $0.3 just overnight, showing that users may actually be into Parallelized EVMs narrative in 2024!

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Layer 1 blockchains are the foundational structures of the crypto ecosystem, underpinning all other projects built within this space. Most Layer 1s are designed for general purposes, each with its own approach to scaling and consensus algorithms.

However, Sei Network differentiates itself by focusing primarily on trading and DeFi, promising an infrastructure specifically suited to these applications.

One of Sei Network's most notable features is its integration with the entire Cosmos ecosystem, leveraging its liquidity while also serving as a robust layer for dApps on their sovereign blockchain. Compatibility with both Inter-Blockchain Communication (IBC) and Ethereum Virtual Machine (EVM) ensures a wide range of projects can deploy on Sei Network, taking full advantage of its offerings.

A key innovation is the incorporation of a built-in Central Limit Order Book (CLOB). This exchange-style execution method, where bids and offers are matched by price, aims to eliminate the slippage typically associated with Automated Market Maker (AMM) models. While CLOB is popular among centralized exchanges, storing these orders on-chain has been prohibitively expensive. Sei Network, however, intends to implement on-chain CLOB for enhanced security, an exciting prospect for traders and developers alike.

Another significant aspect of Sei Network is its speed, attributed to the Twin-Turbo Consensus mechanism. This feature allows for intelligent block propagation and optimistic block processing, offering transactional finality in just 600 milliseconds and a throughput of 22,000 operations per second. This makes Sei Network one of the fastest chains, aptly equipped to scale effectively.

Furthermore, Sei Network's approach to Frontrunning prevention is notable. Transactions on the platform cannot be front-run by traders using block reordering, thanks to the ‘Frequent Batch Auction’ mechanism, which matches orders at a uniform clearing price within a block.

I MUST ALSO MENTION that the project has garnered significant support, raising $5 million in a funding round with notable backers including Coinbase, Multicoin Capital, and Delphi Digital.

Currently, over 20 applications are being built on Sei Network, including collaborations with Axelar for cross-chain messaging, Nitro Labs to bring Solana dApps and liquidity onto Sei, and Vortex Protocol for leverage trading. Other partnerships include Leap Wallet for simplified wallet setup and UXD Protocol for stablecoin integration.

I'm definitely HODLING! Only $800M MCAP now!