Sei Network Ecosystem
Guys, in this article we will analyze the ecosystem of the Sei Network project. As we know, Sei offers the best solution of optimisation and scalability between layer-1 blockchains and the app specific that are based on them to build a better Defi world. Having a huge bandwidth and transaction processing speed, this project has drawn attention to many developers. And recently they have closed a $50 million round for ecosystem development. So let's look at the main projects that are already ready to implement Sei technologies in their products.
Axelar Network ( http://twitter.com/axelarcore)
Axelar is providing bridging services and acting as an interoperability layer for Sei. This partnership will enable cross-chain messaging between IBC and EVM chains, and cross-chain vaults for structured product protocols that will allow users to deposit assets into vault protocols and access unique strategies on any Axelar-partnered chain. dApps building on Sei will be able to securely query the prices and market conditions of various cross-chain assets and asset classes (cross-chain synthetics).
Leap Wallet ( http://twitter.com/leap_wallet)
Leap is a cosmos-native crypto wallet, specialized for IBC chains that will be natively integrated with Leap. This integration with significantly simplify the wallet set-up process for new users on Sei. Users will no longer be required to manually add wallet extensions to interact with the Sei chain, instead, users will simply select Sei from Leap’s list of available chains. Leap will be deploying their wallet on the Seinami Incentivized Testnet, giving participants a new tool to complete testnet missions and help to secure the network. This integration aims to simplify asset management on Sei and across Cosmos.
Keprl Wallet ( http://twitter.com/axelarcore)
The Interchain Wallet Keplr is an open-source, IBC-enabled wallet for the Interchain ecosystem.
DeFund ( http://twitter.com/defund_finance)
DeFund is a cross-chain Decentralized Exchange Traded Fund Protocol (DETF) built with the Cosmos SDK allowing users to build diversified, autonomous funds and swap their fund tokens cross-chain, natively, utilizing IBC. This partnership enables Dapps built on Sei to create advanced financial instruments and trading strategies, such as dETFs.
Pharaoh ( http://twitter.com/pharaohfi)
Pharaoh is a DeFi protocol powered by smart contracts on Sei that enables the creation of synthetic assets. Synthetic assets use price oracles to track the market prices of real-world assets in order to give traders unrestricted access to price exposure without the burdens of owning or transacting real assets.
Vortex ( http://twitter.com/vortexprotocol)
Vortex Protocol is a decentralized derivatives exchange in Cosmos, offering many of the same features that centralized exchanges provide (borrow lending, cross-collateral, and cross-margining) with even cleaner UX.
Vortex’s main features include:
Perpetual Futures: Vortex offers deep liquidity for perpetual futures markets with up to 10x leverage on select markets
Decentralized Orderbook: Vortex leverages Sei orderbook infrastructure, providing traders with the ultimate DeFi trading experience.
Cross-Collateral: Users can deposit multiple supported tokens as collateral for their positions, saving on swap fees.
Cross-Margin: Leverage is supported across all positions under a single trading account, allowing for maximum capital efficiency
IBC interoperability: Vortex is built to unite the Cosmos ecosystem with a central trading hub.
Utilizing Sei infrastructure, Vortex has low fees, MEV protection, and instant transactions.
Synthr ( http://twitter.com/synthr_defi)
Synthr is a synthetic assets protocol that allows users to gain exposure to virtual and real-world assets without owning them. This will democratize access to “foreign” assets from other chains as well as assets from the traditional finance world. Synthr will offer minting Synthetic Assets, trading syAssets, SynthVault Yield Optimizers, Social trading, and stability pools. Partnering with Synthr to bring synthetic stocks, bonds, and derivatives to Cosmos.
Nitro ( http://twitter.com/nitro_labs)
Sei is working with Nitro to bring Solana dapps and liquidity to the cosmos ecosystem.
Nitro is a Solana virtual machine (SVM) compatible blockchain aimed at bringing cosmos and Solana together.
UXD ( http://twitter.com/uxdprotocol)
$UXD is a fully collateralized decentralized stablecoin backed by a delta-neutral position using derivatives. This is not only the first Solana protocol to deploy on Cosmos but also the first Cosmos-native stablecoin integration. This integration is a pivotal step for both UXD and Sei and will unlock many opportunities for DeFi in Cosmos.
White Whale ( http://twitter.com/whitewhaledefi)
White Whale’s mission is to empower retail users and redistribute market influence from centralized entities to retail communities. White Whale aims to defragment liquidity in Cosmos by establishing cross-chain liquidity pools to encourage arbitrage with local DEXs, such as Vortex on Sei. White Whale’s liquidity pools will function as bot-focused AMMs, allowing their open-source trading bots to arbitrage with local DEXs.
Synthr ( http://twitter.com/synthr_defi)
Synthr is a synthetic assets protocol that allows users to gain exposure to virtual and real-world assets without owning them. This will democratize access to “foreign” assets from other chains as well as assets from the traditional finance world. Synthr will offer minting Synthetic Assets, trading syAssets, SynthVault Yield Optimizers, Social trading, and stability pools. Partnering with Synthr to bring synthetic stocks, bonds, and derivatives to Cosmos.
KYVE ( http://twitter.com/kyvenetwork)
KYVE is a decentralized data lake solution that enables anyone to upload and or access validated and permanently stored data in a streamlined manner. This partnership will enable Sei to have a scalable data lake that allows for secure and efficient querying and access to raw data while making it available on demand. Other opportunities involve immutability and data availability.
And 70+ protocols and Dapps more to be announced as Sei approaches mainnet.
As we can observe, a huge number of well-known projects are joining the Sei Network, their technology is extremely in demand in the cryptocurrency market and together they will build a truly outstanding decentralized ecosystem!
