Exploring Sei: The Fastest Layer 1 Blockchain Built for Trading
May 20th, 2023

Exploring Sei: The Fastest Layer 1 Blockchain Built for Trading

Sei: the Fastest L1 for Trading Sei Labs has one core thesis: the ability to exchange digital assets is the fundamental use case for crypto.

An overview of Sei Labs’ core thesis and Sei’s features, presented as the fastest Layer 1 blockchain optimised for trading

Fundamental Use Case:

Sei Labs believes that the ability to exchange digital assets is the fundamental use case for cryptocurrencies and blockchain technology.

Importance of Trading:

Trading is not limited to traditional financial assets but extends to various types of assets, including tokens, NFTs, real-world assets, metaverse assets, and more. Successful Web3 applications derive their value and traffic from trading and asset exchange.

Trading Apps as Exchanges:

Many successful Web3 apps, such as Uniswap, OpenSea, Sushi, Axie Infinity, and StepN, are functionally exchanges, either explicitly or implicitly through the trading of in-game assets. Trading apps play a crucial role in the user experience and drive adoption.

Growing Importance of Trading:

As Web3 continues to expand, the role of trading will become even more significant. The proliferation of digital assets and the need for 24/7 price discovery will drive increased trading activity. Additionally, regulatory pressures on centralized exchanges are likely to drive more volume and activity on-chain.

The Trading Trilemma:

Existing Layer 1 and Layer 2 infrastructures face challenges in achieving decentralization, scalability, and capital efficiency simultaneously for trading apps. Sei addresses this problem by providing purpose-built infrastructure optimized for trading apps.

Sei’s Unique Value Proposition:

Sei is an open-source Layer 1 blockchain designed specifically to address the scalability issues of trading apps. It offers the fastest time to finality in the industry (300ms lower bound) and leverages Twin-Turbo consensus and built-in parallelization to optimize performance. Sei also provides a built-in matching engine and front-running prevention, improving trading app functionality.

Layer 1 Approach:

Sei Ecosystem:

Sei aims to attract developers and builders to its ecosystem, offering funding opportunities through the Sei Ecosystem Fund. There are already numerous promising teams building on Sei, including those transitioning from other prominent Layer 1 and Layer 2 blockchains.

To learn more about Sei and its technological innovations, readers are encouraged to explore the Sei Ecosystem, follow Sei on Twitter, and refer to the official whitepaper.

The Sei Litepaper

Website

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