Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Sei Network's SEI Token Gains Over 75% as EVM-Compliant Blockchains and Parallelization Drive Growth

Sei Network's SEI Token Gains Over 75% as EVM-Compliant Blockchains and Parallelization Drive Growth

Cointime2024/01/02 09:59
By: Cointime
SOL+0.57%AVAX-1.17%SEI-0.81%

The SEI token of Sei Network, a trading-focused blockchain designed for speed and low fees, has seen over 75% gains in the past week due to the rise in popularity of EVM-compliant blockchains and the parallelization process. The network's on-chain metrics are heating up, with the growth of ecosystem plays like SEIYAN and SEILOR tokens and an increase in SEI futures open interest indicating mounting interest in the network. The recent token trading frenzy in blockchains such as Solana and Avalanche is driving speculators to bet on blockchains other than Ethereum, and networks such as Sei are benefiting. The developers of Sei Network are planning a major upgrade that will make the network the fastest blockchain in the market and introduce parallelization, which could be driving hype for Sei.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

PoolX x Bitget Earn SWTCH promotion
Bitget Announcement2025/09/15 16:00
New spot margin trading pair — AVNT/USDT!
Bitget Announcement2025/09/15 09:50

Trending news

More
1
Bitget Onchain trading suspension for a 3-hour system upgrade
2
PoolX x Bitget Earn SWTCH promotion

Crypto prices

More
Bitcoin
Bitcoin
BTC
$115,282.46
-0.17%
Ethereum
Ethereum
ETH
$4,522.31
-2.32%
XRP
XRP
XRP
$2.98
-1.95%
Tether USDt
Tether USDt
USDT
$1
-0.01%
BNB
BNB
BNB
$919.56
-1.22%
Solana
Solana
SOL
$235.22
-3.01%
USDC
USDC
USDC
$1
+0.03%
Dogecoin
Dogecoin
DOGE
$0.2669
-4.48%
TRON
TRON
TRX
$0.3455
-1.46%
Cardano
Cardano
ADA
$0.8603
-3.65%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter