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Sei

SEI
Smart Contract PlatformTendermint BFT (Twin-Turbo Consensus)Launched 2023
Max Supply
10.00B
Circulating
7.10B
Launched
2023
Minute-Level Data From
2023-09-12

What it does

Sei is a Layer 1 blockchain built with the Cosmos SDK, initially optimized for high-speed decentralized trading with a built-in order book module and frontrunning protection. The network evolved with Sei v2 (2024) into a parallel EVM chain targeting 200,000+ TPS for any high-performance application. SEI is used for transaction fees, staking, and governance.

How it works

Sei uses Twin-Turbo Consensus β€” a combination of optimistic block processing and parallelized transaction execution. The chain supports both EVM (Solidity) and CosmWasm (Rust) smart contracts simultaneously, allowing developers to use either ecosystem. Sei's optimistic parallelization processes transactions concurrently and detects conflicts retroactively, achieving sub-400ms finality. The Giga upgrade (2025) targeted 200,000+ TPS. Sei has a native order book module at the base layer enabling decentralized exchanges to match orders without application-level complexity. Frontrunning protection is built into the ordering mechanism.

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Problem it solves

Trading applications on general-purpose blockchains like Ethereum suffer from high latency, MEV (frontrunning), and high gas costs. Sei was designed from the ground up to be the fastest L1 for digital asset exchange, with order book functionality at the protocol level, sub-second finality, and built-in frontrunning protection β€” making on-chain trading comparable to centralized exchange speed.

Key Differentiator

Native order book module at the base layer combined with Twin-Turbo parallel EVM consensus, enabling sub-400ms finality at 200,000+ TPS with built-in frontrunning protection β€” making it the fastest EVM-compatible blockchain.

Tokenomics

Supply Model
Fixed (10B max supply; gradually released via vesting schedule)
Staking
Validators and delegators stake SEI; staking rewards from block emissions; approximately 8-15% APY
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Ecosystem

Chain: Sei (own Layer 1 blockchain, Cosmos SDK based, EVM + CosmWasm compatible)
Depends on: Trading app adoption, EVM migration of existing Ethereum dApps, DeFi TVL growth, Cosmos ecosystem interoperability
Influences: On-chain trading infrastructure, EVM L1 competitive landscape, Cosmos ecosystem DeFi

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Sources

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Supply figures and project details are approximate and may not reflect the latest changes. Always verify from official sources before making decisions. This information is for educational purposes only β€” not financial advice.