Sei Network or DeFi first level blockchain.
Today I will introduce you a new project called Sei Network. I think this project has a very big future for a number of reasons: development in Cosmos; a unique technology that simplifies working with DeFi; the declared parameters are better than competitor’s. In addition, the project does not disclose some data about tokenomics, team and funds, which is intriguing.
Let’s look at each item in more detail!
1.Sei Network is built using the Cosmos SDK and the Tendermint core.
The global Cosmos ecosystem has harmoniously united completely different blockchains. In addition, to the Cosmos Hub blockchains, the system includes small hubs and zones made available to other networks. A protocol is built into each zone and the equalizer for individual zones is the Tendermint software consensus which prevents the system from overloading during the processing of transactions by autonomous blockchains. Currently, there are more than 249 dApps operating in the Cosmos network with a total capitalization of more than $70 billion.
Judging by the pace of blockchain development and how many developers choose and start developing on the Cosmos SDK we can make a statement that the cosmos ecosystem has every chance of becoming a new trend in the cryptocurrency industry. And with it, our project — Sei Network!
2. A unique technology to scale all DeFi-related solutions.
The main problem with DEXs is low liquidity which makes trading on decentralized exchanges simply not efficient.
Sei solves this problem as all trades taking place on Sei will be merged by the markets into one order system. The pooled liquidity matters because it shortens the time it takes for new projects to launch, as they don’t need to get commitments from market makers to provide liquidity in specific markets.
Sei also provides templates for dApps integration. The developers have integrated many valuable modules, one of which was wasmd, a module for working with CosmWasm smart contracts.
In simple terms, Sei-based applications benefit from a built-in order book infrastructure, very fast order execution, high liquidity, Rust programming using the CosmWasm library and absolute decentralization.
3. Comparison of technical characteristic with similar blockchains.
If Sei works continuesly 100 percent of time, it can receive 13K orders per second, which is 33% higher than other Cosmos chains. The team plans to launch a chain with 50 validators. By changing the timeout configurations, Sei gets ≤ 1.3 from the blockchain (66% faster than other Cosmos chains) and 150 TPS (transactions per second), which is 10 times more than Ethereum.
The declared execution speed will be up to 600 ms, which is faster than Solana (3 sec), Aptos (1 sec) and Sui (3 sec), respectively.
It is impossible to find information on the funds and tokenomics of the project on the Internet. Sei Network carefully hides this information from us, thereby greatly fueling the interest of the audience. About concealment of information they talk not only within the project but also the majority of crypto-media.
As for the team, the guys, as they say in the primary sources, come from the most successful companies such as Robinhood, Goldman Sachs and Coinbase and have extensive experience in developing on Cosmos SDK and CosmWasm.
Based on all of the above, the Sei Network project definitely deserves attention. It is advisable to participate in all activities: testnets, ambassador programs, future token sales (waiting for conditions).