Sei is a layer-1 blockchain rooted in the Cosmos ecosystem that's redefining the landscape of digital asset trading, particularly within the decentralized exchange (DEX) sphere. Its core mission is to blend the efficiency and speed of centralized exchanges with the foundational principles of security and decentralization inherent to blockchain technology.
Unlike centralized exchanges, which often have limited service offerings, Sei stands out with its asset and application-agnostic approach. This versatility enables access to a myriad of tokens across various blockchain applications within its ecosystem, facilitating seamless trading across diverse sectors like decentralized finance (DeFi), non-fungible tokens (NFTs), and Game Finance (GameFi).
Sei's emergence is timely, considering the explosive growth and challenges in the crypto space post the 2021 boom. The existing layer-1 and layer-2 infrastructures have struggled to keep pace with the burgeoning demand, a gap Sei aims to fill. The platform addresses the ‘Exchange Trilemma’ which encapsulates the challenges faced by decentralized applications (dApps) in maintaining security, efficiency, and decentralization.
Sei's innovative solution leverages the Twin Turbo consensus mechanism, a combination of the Cosmos SDK and Tendermint Core, to offer decentralized trading apps the necessary speed, security, capital efficiency, and decentralization. This approach ensures a seamless user experience akin to Web2 applications, without compromising on trustless and permissionless transactions.
In terms of performance, Sei outshines established blockchains like Bitcoin, Ethereum, and Solana. With a transaction finality of just 500 milliseconds, it offers a highly scalable protocol for rapid digital asset trading. This speed advantage is crucial in addressing issues like front-running and maximal extractable value (MEV), which have plagued decentralized exchanges.
Sei's primary aim is to address the limitations of general-purpose layer-1 blockchains in supporting DEX platforms, particularly in terms of throughput and network congestion. By focusing on trading-specific infrastructure, Sei offers a scalable template for various dApps and DEX platforms, enhancing performance without sacrificing security or interoperability.
The platform's native token, SEI, plays a pivotal role in its ecosystem. With a total supply of 10 billion tokens and an initial circulating supply valued at $2.30 billion as of January 2024, SEI is integral to the platform's operation. It serves as the payment method for transaction fees, a staking mechanism for network security, and has been listed on major exchanges, experiencing significant value surges since its debut.
How To Buy Sei or Add it to your Strategy
The fastest, most convenient way to purchase Sei is to purchase it on ICONOMI. We check Sei live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Sei by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Sei is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Sei, we recommend you read the next section, as copying might be a better approach.
Add Sei to your portfolio by copying a Strategy
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Sei in their structure.
@TDj_Slo not sure what exactly do you want to know🤷♂️ as mentioned in the update, meme coins continue to be an important narrative of this cycle so having one as part if the EW strategy seems like a good idea. Its a complete opposite to the institutional narrative and something we believe will stay relevant in the months to come. We decided for Pepe because of its liquidity, volatility and popularity.