Sei Network is a high-speed Layer 1 blockchain designed specifically for decentralized finance (DeFi) applications. Its innovative Twin-Turbo Consensus mechanism ensures extremely low transaction costs, high throughput, and rapid finality, meeting the high efficiency, security, and scalability requirements of DeFi protocols. Sei further enhances the user experience and network performance with native frontrunning protection, transaction bundling, and strong cross-chain interoperability.
Founded by Jeffrey Feng and Jayendra Jog, Sei was created to address limitations in existing DeFi protocols and is focused on providing the foundational infrastructure for decentralized exchanges, NFTs, and social token transactions. Since the successful launch of its mainnet in August 2023, Sei’s native token, SEI, has quickly been listed on several major cryptocurrency exchanges. The SEI token plays a crucial role in governance, transaction fee payments, DeFi collateral, and node validation.
With the release of the Sei V2 upgrade, the network introduced a parallelized Ethereum Virtual Machine (EVM), allowing it to support large-scale DeFi applications and handle tens of thousands of transactions per second while maintaining minimal latency. Sei’s DeFi ecosystem continues to expand rapidly, with Total Value Locked (TVL) showing steady growth, driven by innovative projects such as DragonSwap and Bril Finance.
