Sei is a Layer-1 blockchain, often referred to as the "Decentralized NASDAQ." It is tailored for trading in the realms of decentralized finance (DeFi), gaming, and non-fungible tokens (NFTs). With a lightning-fast transaction speed of 600ms, Sei aims to blend the best of centralized finance (CeFi) trading with decentralized tools. Built on the Cosmos SDK, Sei is specifically optimized for trading, addressing challenges like achieving simultaneous decentralization, scalability, and capital efficiency.
The platform launched its mainnet in August 2023 with US$50M investment from Bitget.
Sei boasts innovative features that merge the swiftness of off-chain operations with the security of on-chain transactions. A standout feature is its approach to preventing front-running: Sei groups orders together and processes them all at once at the end of each block. This batch processing minimizes risks associated with sequential order execution. Additionally, Sei uses its own price oracles for dependable data and has introduced a unique single-block order execution system. This means an order can be placed and completed in one swift transaction. With its Centralized Limit Order Book (CLOB) model, Sei offers a trading experience that mirrors centralized exchanges but retains the benefits of decentralization.
SEI has a total supply of 10,000,000,000. The current circulating supply of SEI is 1,800,000,000.
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