The cryptocurrency exchange MEXC officially announced the launch of a special fund of 20 million US dollars to support the development of key projects of Sei Network. Sei Network is the first Layer 1 blockchain designed for transactions, between the general Layer 1 public chain and the specific Layer 1 public chain, providing a customized application environment for Dex. In September 2022, the public chain Sei Network launched a USD 50 million ecological fund.