Sei: everything you need to know about SEI
Axel has been immersing himself in the world of crypto and blockchain for quite some time, which he then translates into understandable articles.
Sei facts
Abbreviation
SEI
Category
Decentralized Finance (DeFi).
Founder(s)
Jayendra Jog, Jeff Feng
Blockchain
Own Layer-1 blockchain.
Protocol
Bewijs van Participatie
Launch date
2023
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What is Sei?
Sei is a new blockchain specifically developed to support decentralized exchanges (DEXes). It focuses on improving the speed and efficiency of these exchanges, allowing traders to trade quickly and cost-effectively.
How does Sei work?
Sei operates as a Layer-1 blockchain, meaning it has its own infrastructure. It uses a special consensus mechanism that processes transactions at lightning speed, which is important for trading on DEXes. With this speed, Sei hopes to provide the best performance for everyone trading in crypto.
The SEI token.
The native token of Sei is SEI. This token is used for payments of transaction fees, governance (voting on network decisions), and staking. This allows users to contribute to the security and stability of the network.
The technology behind Sei.
Sei utilizes Tendermint-core technology for its consensus mechanism. This ensures that transactions are confirmed within milliseconds. In addition, Sei uses a 'Twin-Turbo consensus', meaning that the network is extremely fast and efficient, perfect for high-frequency trading on DEXes.
The Sei ecosystem
The Sei ecosystem focuses on decentralized exchanges and financial applications. With its high speed and low costs, Sei aims to be an attractive platform for developers and traders. It also supports smart contracts, making it widely applicable for various financial products.
€0.6265▲5.75%
Benefits of Sei
- Speed: Thanks to advanced technology, transactions can be processed at lightning speed.
- Low costs: Due to the efficient network, transaction costs are low, which is attractive for traders.
- DEX-optimized: Sei is specially built for decentralized exchanges, making the platform unique.
Disadvantages of Sei
- Competition: There are already many other Layer-1 blockchains, such as Ethereum and Solana, that also offer high speed and low costs.
- New player: As a relatively new blockchain, Sei still has to prove that it is sustainable and scalable in the long term.
Who is the founder of Sei?
Sei was founded by Jayendra Jog and Jeff Feng. Both founders have experience in both the traditional financial sector and the blockchain industry.
Expectations for the upcoming period.
Experts expect a minimum price of €1.98 in 2026 and a minimum price of €6.58 in 2031.
Sei price in the last 24 hours
View all key statistics of the past 24 hours here.
€0.6387
€0.6467
€0.5663
Market information
Use these figures to get a better picture of the Sei market.
€530 million
€2.5 billion
4 billion
€1.05
Sei Return On Investment
See how much the price has risen or fallen over the years.
Historical Sei price
Here you can see Sei's daily prices, trading volume and market cap. Looking for a specific date? You can fill in the range all you want. Maybe you'll spot the one trend!
Date | Price | Volume | Marketcap |
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Most popular crypto currencies today
Frequently asked questions
Sei doesn't have a fixed value because the exchange rate is always in motion. Whenever you get distracted or even blink, it has already changed. Right now, the value of Sei is €0.6265.
You can easily buy Sei on BLOX! Quickly download the app, and within two minutes, you'll have your own crypto portfolio with Sei and your other favorite coins.
So much is happening in the crypto market that it's sometimes difficult to stay continuously informed. That's why we've already taken a look at the expectations for you. According to experts, the value of SEI is expected to continue rising steadily in the coming years. For instance, the price of Sei is predicted to reach €1.72.
We don't have a crystal ball either, so it's up to you to decide whether you want to invest in SEI. We can only recommend once again that you thoroughly research the market and only invest what you're willing to lose.
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