Sei (SEI) Logo

Sei

SEI

#55

Rank

$ 1.42 B

Marketcap

nil

Max.Supply

$3.7,816e-1

price

-2.38%

Change (1 day)

-46.75%

Change (1 year)

Cosmos Ecosystem

Coinbase Ventures Portfolio

Multicoin Capital Portfolio

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Sei Ecosystem

SEI is a decentralized lending platform built on the Ethereum blockchain, aimed at revolutionizing the lending industry by providing a secure, transparent, and efficient way to lend and borrow cryptocurrencies. It utilizes a unique algorithm to facilitate peer-to-peer lending, eliminating intermediaries and reducing transaction costs.

Market Cap of Sei

As of 2 November 2024 Sei(SEI) has a market cap of $ 1.42 billion USD. This makes SEI the world's #55 most valuable Cryptocurrency by market cap according to our data. The market capitalization, commonly called market cap, is the total market value of a publicly traded CryptoCurrency circulating supply and is commonly used to measure how much a Cryptocurrency is worth in Public Market.


Sei Statistics
Volume (24h)
$ 149.11 M
Max.supply
nil
Circulating Supply
3.52 B SEI
M.Cap Total Supply
$ 3.78 B

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SEI Percentage Change
Percentage Change 1h
0.02 %
Percentage Change 24h
-2.38 %
Percentage Change 7D
0.55 %
Percentage Change 30D
-10.23 %
Percentage Change 60 D
33.12 %
Percentage Change 90 D
41.70 %
Year To date Percentage Change
-46.75 %
Percentage Change 1 Y
228.84 %

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SEI Links

Price History of Sei

As of 2 November 2024 Sei(SEI) price is $ 3.7,816e-1 USD. The percentage change over the last hour has increased by 0.02% In the past 24 hours, the price has fallen by 2.38%.
Over the last week, there has been a positive change of 0.55%. Looking at the past 30 days, the percentage change shows a decrease of 10.23%. Over the last 60 days, the price has gained 33.12%, and for the last 90 days, it has risen by 41.70%.
Year-to-date, there has been a significant decrease of 46.75%, and over the past year, the price has appreciated by 228.84%. In terms of trading activity, the volume over the past 24 hours is $ 149.11 M , with a circulating supply of 3.52 B SEI.

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Volume History of Sei

As of 2 November 2024 Sei(SEI) has volume 24(h) of $ 149.11 M USD.

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About Sei

Sei: The Blockchain Built for Speedy Trading

Have you ever heard of a blockchain? It's a kind of digital ledger that keeps track of transactions in a super secure way. Blockchains are used for all sorts of things, like cryptocurrencies and NFTs (Non-Fungible Tokens).

One of the biggest uses for blockchains is in decentralized exchanges (DEXs). Think of DEXs like online marketplaces where people can trade cryptocurrencies, NFTs, and even in-game items. It's kind of like a digital stock market, but everyone can participate and there's no single person in charge.

But here's the thing: DEXs need to be really fast and reliable. If a DEX goes down for a few minutes, people can lose a lot of money. That's where Sei comes in.

What is Sei?

Sei is like a special blockchain that was built specifically to make DEXs work better. It's the first sector-specific Layer 1 blockchain designed to make trading super fast, safe, and smooth. It's kind of like having a special race track for race cars, instead of having them race on regular roads.

Why is Sei special?

  • Super Speedy Transactions: Sei is built to handle lots of transactions at once, making it much faster than other blockchains. Think of it like a superhighway for your trades, where you can get to where you need to go in a hurry.
  • Reliable and Secure: Sei is built with a super strong system that protects your trades from hackers and other problems. It's like having a team of security guards making sure everything goes smoothly.
  • Built for DEXs: Sei was specifically designed to handle the needs of DEXs. It's like having a special tool designed for a specific job, making it much more efficient.

How does Sei Work?

Think of Sei like a giant computer network where everyone works together. Instead of having one boss in charge, all the computers in the network agree on every transaction that happens. This makes it incredibly secure and transparent.

What are the benefits of using Sei?

  • Faster Trades: Say goodbye to waiting around for your trades to go through! Sei's speed means you can trade in a flash, just like in a real-life stock market.
  • Reduced Trading Costs: Because Sei is so efficient, it can lower the fees you pay for trading. That means more money in your pocket!
  • More Opportunities: With Sei, there are more possibilities for new and innovative ways to trade and manage your money.

Sei's Commitment to Sustainability:

Sei wants to be good for the planet. They're committed to making sure their operations are carbon neutral, which means they don't contribute to climate change. It's like trading on a green blockchain, which is a win-win for everyone.

Who is Behind Sei?

Sei was created by Dan Edlebeck and Jayendra Jog, two really smart guys who saw a need for a better blockchain for trading. They put together a great team of developers and worked really hard to build Sei.

What are Sei's Key Events?

Here are some important things that have happened with Sei:

  • Sei Marines Community: This is a group of people who love Sei and work together to make it even better.
  • Sei v2 Upgrade: This was a major update to the Sei network, making it faster and more secure.
  • Partnerships: Sei has partnered with other companies and organizations to bring more people to the Sei ecosystem.
  • Coinbase Ventures and Multicoin: These are big names in the crypto world, and they've invested in Sei, showing they believe in its potential.

How is Sei Secured?

Sei is built with a super secure system that protects your trades from hackers and other problems. It's like having a team of security guards making sure everything goes smoothly. Here's how Sei is secured:

  • Sector-Specific Layer 1 Blockchain: Because Sei is designed specifically for trading, it's more secure than other blockchains. It's like having a special lock for your trading vault.
  • Proven Infrastructure: Sei is built on a strong foundation of reliable technology that has been tested and proven to be secure.
  • Community Involvement: The Sei community is involved in keeping the network secure. It's like having a team of watchdogs keeping an eye on everything.
  • Transparency and Governance: Sei is transparent about how it works and how decisions are made. It's like having an open book where everyone can see how things are done.

How is Sei used?

Sei is being used to build new and exciting financial products. It's like a building block for a whole new world of financial services. Here are some examples:

  • Derivatives: These are financial products that can be used to bet on the future price of something, like cryptocurrencies or stocks.
  • Complex Financial Instruments: Sei can handle more complicated types of financial products that are used by institutions and professional traders.
  • Asset Management Solutions: Sei can help with managing your money and investing in different ways.

Sei's Native Token: SEI

Sei has its own cryptocurrency called SEI. This token can be used for:

  • Paying Transaction Fees: You can use SEI to pay the fees for trading on the Sei network.
  • Staking: You can stake your SEI tokens and earn rewards for helping to secure the network.
  • Network Governance: SEI token holders can vote on how the Sei network is run.

Sei's Future:

Sei is still a new project, but it has a lot of potential. The founders have big plans for the future, including:

  • Expanding the Sei Ecosystem: They want to make Sei the leading platform for building new financial applications and services.
  • Increasing Community Engagement: They want to involve more people in the Sei community and make it even stronger.
  • Building a Global Network: They want to connect Sei with other blockchains and make it a truly global platform.

Important Note: Investing in cryptocurrencies like SEI can be risky. It's important to do your research and only invest money you can afford to lose.

Understanding Sei's Strengths: A Table Breakdown

Strength Description
Sector-Specific Layer 1 Blockchain Sei is built specifically for trading, making it faster and more reliable than other blockchains.
Super Speedy Transactions Sei can handle lots of transactions at once, making trading faster and more efficient.
Built-in Security Features Sei is designed to be secure, protecting your trades from hackers and other threats.
Transparent Governance Sei's operations are transparent, allowing everyone to see how decisions are made.
Sustainable Operations Sei is committed to being environmentally friendly, aiming for carbon neutrality.
Strong Community Sei has a growing community of users and developers who support the platform.
Focus on DEXs Sei is designed to be the best platform for building and using decentralized exchanges.
Native Token: SEI SEI can be used for paying transaction fees, staking, and voting on network governance.

Sei is still a new project, but it's making big waves in the crypto world. It's exciting to see what the future holds for Sei and how it can help to revolutionize the way we trade and manage our money.

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