Sei Labs, the company behind layer-1 blockchain Sei, has announced that its mainnet is now live after a successful testnet phase. The blockchain’s native token SEI also went live today on exchanges such as Binance, Kraken, and Huobi, among others. According to Jeff Feng, co-founder of Sei Labs, the focus for Sei is to create a chain that offers users the ability to exchange assets easily, whether this means assets for social platforms, games, or NFTs. “Most layer-1s look to solve a technical problem, whereas our mission is to solve the problem with exchanging assets easily,” said Feng.
Sei prides itself on its speed compared to other chains. According to co-founder Jay Jog, Sei is 10x faster than Solana and can achieve transaction finality in as little as 250 milliseconds, with a 100-millisecond buffer to ensure protocol stability. Sei has over 200 teams building on it and more than 7.5 million unique wallets, according to the press release, which added that Sushiswap’s decentralized perpetual futures exchange will launch on the network as well. In May, Sei Labs raised $30 million across two funding rounds, including investors such as Jump Crypto, Multicoin Capital, and Flow Traders.
Sei Labs has officially launched its mainnet and native token SEI on exchanges such as Binance, Kraken, and Huobi. The blockchain is designed to offer users the ability to exchange assets easily, with a focus on social platforms, gaming, and carbon credits. Sei is 10x faster than Solana and can achieve transaction finality in as little as 250 milliseconds. The company has raised $30 million across two funding rounds and has over 200 teams building on it.