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Sei Price

(SEI)

$0.04642
0.00%(5m)

1m5m15m1h8h1d1W
Sei (SEI) Live Price Chart

    Sei Live Price Data

    Sei is currently trading at 0.04642, with a 24-hour trading volume of 33479735.6. Over the past hour, the price of Sei changed by -0.45%, and over the past week, its value in dropped by -5.76%. The circulating supply of Sei is 7.34B SEI, with a market cap of 341697460.40877746490849220800 , down -0.45% in the last 24 hours. Sei is ranked #95 by market cap.

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    Note: This data is for reference only.
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    SEI(SEI) Profile

    altRank95
    rate--
    Expand
    $0.04634
    $0.04706

    ATH
    $1.14173815
    Price Change (1h)
    -0.40%
    Price Change (24h)
    -0.45%
    Price Change (7d)
    -5.76%
    Market Cap
    24h Volume
    Circulating Supply
    7.34B
    Max Supply
    10B

    About Sei

    • What Is Sei (SEI) Crypto?

      The Sei Network is the fastest Layer 1 blockchain designed to to trade and exchange digital assets. With a focus on scalability, speed, and security, the Sei blockchain caters to the needs of modern trading applications within the cryptocurrency industry.

      Sei leverages a Proof-of-Stake (PoS) consensus mechanism called Twin Turbo Consensus, which enables rapid transaction finality with a lower bound time of 300 milliseconds and a potential processing capacity of up to 20,000 operations per second (ops). Sei achieves this performance while maintaining low transaction costs and high throughput.

      The blockchain's architecture incorporates features that enhance security and user experience. Sei leverages a market-based parallelization approach, which increases its throughput by 5-10 times compared to other high-performance ecosystems. Additionally, Sei employs a native order-matching engine within its Layer 1 structure, allowing exchange apps built on top of it to handle trading activities efficiently.

      Sei aims to solve the unique challenges decentralized exchanges (DEXs) face regarding scalability and performance. It provides solutions for preventing frontrunning, a common issue in trading, by batching orders of the same type and processing them simultaneously, ensuring fair execution for all traders.

      The blockchain is built on the Cosmos SDK and designed to optimize the trading experience for various applications, including DEXs, NFT marketplaces, and gaming platforms. It distinguishes itself from other blockchains by focusing on sector-specific solutions, mainly catering to the needs of trading apps within the cryptocurrency industry.

      Sei's impressive performance and features have attracted the attention of industry operators and investors, as evidenced by its strategic fundraising rounds and partnerships. The blockchain prioritizes security and interoperability, aiming to provide a powerful infrastructure for trading applications while addressing the limitations of existing Layer 1 blockchains.

    • How Does Sei Network Work?

      Sei Network leverages its unique consensus mechanism, parallelization techniques, native order-matching engine, and frontrunning prevention mechanisms to provide a fast, secure, and scalable blockchain ecosystem for trading applications. Here’s how it works:

      Sei’s Layer 1 Blockchain Infrastructure

      The Sei Network is a Layer 1 blockchain operating at the blockchain ecosystem’s base level. This foundation provides the necessary infrastructure for various applications, including trading, to be built on top of it.

      Twin Turbo Consensus Mechanism

      Sei Network employs a consensus mechanism known as Twin Turbo Consensus. This consensus mechanism helps Sei achieve rapid transaction finality with a lower bound time of 300 milliseconds. It combines intelligent block propagation and optimistic block processing to decrease the time required to achieve consensus. This feature contributes to Sei's lightning-fast transaction processing speed.

      Market-based Parallelization

      Sei Network utilizes a market-based parallelization approach to increase its throughput. This mechanism allows the blockchain to process a higher number of transactions simultaneously, improving its overall performance and capacity to handle trading activities.

      Native Order-matching Engine

      Sei Network incorporates a native order-matching engine directly into its Layer 1 blockchain. This engine enables trading apps built on top of Sei to handle order matching and execution efficiently. It enhances the scalability of exchange applications, allowing them to process a higher volume of orders with reduced latency.

      Frontrunning Prevention

      Frontrunning is a common issue in trading where malicious actors try to execute orders ahead of others for personal gain. Sei Network addresses this problem by batching orders of the same type and processing them simultaneously. This approach prevents frontrunners from gaining an unfair advantage.

    • Who Are the Founders of Sei Network?

      Jeffrey Feng and Jayendra Jog founded Sei Network as a trading-focused Layer 1 blockchain built with the Cosmos SDK. The mainnet launch of the Sei blockchain occurred on 15 August 2023.

      The founding team of Sei Network includes individuals with experience from notable companies like Airbnb and Goldman Sachs, indicating a solid leadership foundation. This expertise adds credibility to the project's vision and potential for success in the competitive blockchain landscape.

      Sei Network has secured significant funding to support its development and expansion. It raised $30 million in strategic fundraising rounds and announced a $120 million ecosystem fund to incentivize dApps to build on its platform. This financial backing provides stability and resources for the project's growth.

      The Sei Network roadmap also includes plans to launch a DEX and lending platform.

    FAQ

    • How much is 1 Sei (SEI) worth?

    • Is Sei (SEI) a Good Investment?

    • What Is Sei Crypto Price Prediction?

    • How Does Sei Network’s Performance Metrics Stand Out?

    • How to Stake SEI Token on Sei Network

    • Who Are Sei Blockchain’s Partners and Investors?

    • What is the all-time high price of Sei (SEI)?

    • What is the all-time low price of Sei (SEI)?

    • How much Sei (SEI) is there in circulation?

    • How do I store Sei (SEI)?