SEI

Issue Date and Issue Date Price

$0.18 (08/16/2023)

$0.78 now price (02/23/2024)

Rank no .46 (The rating may change in the future)

All time high-$1.03 (02/18/2024)

All time low-$0.007 (08/15/2023)

Circulation Supply 2.55 B sei

Total Supply 10 B sei

Introduction

Sei is a Layer 1 optimized for the exchange of digital assets, a fully open source, general purpose blockchain.SEI is the native utility token. The current use cases for SEI include Network Fees: Pay for transaction fees on the Sei blockchain.DPoS Validator Staking: SEI holders have the option to delegate their holdings with validators or stake SEI to run their own validator to secure the network.Governance: SEI holders can engage in future governance of the protocol.Native Collateral: SEI can be used as native asset liquidity or collateral to applications built on the Seiblockchain.

Fee markets: Users can paying a tip to validators to get their transactions prioritized, which can be shared with users that are delegating to that validator.Trading Fees: SEI can be used as fees for exchanges built on Sei blockchain.specialty

The evolution of new technologies has shown a recurring pattern known as the applicationinfrastructure cycle, where applications drive the demand for improved infrastructure, which in turn enables new types of applications to flourish. The first generation of public blockchains provided the initial infrastructure that paved the way for the explosive growth of decentralized applications in recent years. However, as these applications move beyond their initial adoption phase, they often face challenges related to scaling, speed, and reli-ability. Similar to how web2 infrastructure specialized around major use cases as the industry matured, web3 infrastructure needs to adapt to the needs of key application types to enable the largest apps in web3 to reach mass adoption. Irrefutably, trading is the most widely adopted use case for crypto, and this level of adoption is set to grow exponentially as the industry expands. #Write2Earn #TrendingTopic #TrendeNell #cryptoboy8888 #TrendingToEarn