😍😍😍 $SEI surges 13% amid launch of #mainnet beta v2

SEI Token Surges 13% Following Launch of Sei v2 Mainnet Beta

The native token of the #layer1 blockchain Sei, SEI, has surged 13% after the launch of the beta version of its Sei v2 mainnet, touted as the “most performant EVM blockchain ever built.”

As of the latest data from CoinMarketCap, SEI is trading at $0.3422, marking a 12.5% increase in the last 24 hours. The token also saw a significant daily trading volume of $211 million, reflecting a 48.2% rise in value for the blockchain, which is specifically designed to provide a competitive edge for exchanges through efficient trading capabilities.

This recent spike in SEI’s market value aligns with the Sei team’s announcement of the Sei v2 mainnet beta, which they claim is the most performant EVM blockchain developed to date. The network, renowned for its fast and cost-effective crypto trading, has further enhanced its system by integrating Geth.

Key Developments:

- #EVM Compatibility: Sei v2 includes Ethereum Virtual Machine (EVM) compatibility, leveraging the popular Ethereum software widely used by developers for building decentralized applications (dapps) and other web3 solutions on Ethereum.

- Previous Launch: The initial beta version, Sei v1 mainnet, was built using the Cosmos SDK and launched in August 2023. This followed two successful funding rounds, raising $30 million from investors such as Jump Trading and Multicoin Capital.

- New Grant Fund: The Sei Foundation has announced a new $10 million grant fund aimed at promoting growth in #NFT​ and Social projects. This initiative will support a diverse range of creators and builders, focusing on collections, applications, infrastructure, content creation, and in-real-life (IRL) events.

The recent advancements and funding initiatives underline Sei’s commitment to enhancing its blockchain’s performance and supporting the broader crypto ecosystem.

Source - crypto.news

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