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SEI Ambitious to Become the Top Layer-1 Network, Here's How They Made It Happen

In a new interview with renowned crypto influencer Anthony Pompliano, Sei Labs co-Founder Jay Jog, reveals what makes Sei's layer-1 blockchain network unique compared to its competitors, opening up deep insights into what makes Sei stand out in a dense blockchain ecosystem.

SEI Ambitions to Become the Top Layer-1 Network
Based on Coin Edition's report, Sei Labs has created a niche for itself with an innovative approach to blockchain infrastructure, specifically through the introduction of EVM Parallelisation.

This technology sets Sei apart from its competitors by maintaining high transaction speeds while allowing developers to leverage the Ethereum Virtual Machine (EVM).

Jog's insights into the limitations of EVM, especially the lack of scalability and comparisons to Solana's approach to blockchain infrastructure scalability, place the Sei network's ambition to revolutionize the way EVMs operate at scale.

The conversation with Pompliano dives into the technical intricacies of Sei's infrastructure.

“... While EVM represents an important milestone in blockchain technology, the original design did not prioritize scalability," Jog said.

This gap in the blockchain ecosystem is what Sei wants to fill, with the aim to scale EVM in a similar way to Solana's success in increasing throughput capabilities for blockchains.

This strategic direction not only demonstrates Sei's technical ambitions, but also highlights a clear path to address one of the most pressing challenges in blockchain technology today.

More about the Sei v2 upgrade emphasizes its significance as a turning point for the network. This upgrade is positioned to break down existing barriers for developers, particularly those looking to implement decentralized finance (DeFi) protocols on the Sei blockchain.

By simplifying the transition for Ethereum developers, Sei v2 aims to trigger a shift towards its platform, leveraging the substantial volume of DeFi activity currently hosted on Ethereum, which exceeds $57 billion in deposits.

Jog's comments about the potential migration of developers from Ethereum to Sei illuminate the broader implications of that v2 upgrade. This transition was facilitated by the compatibility of that upgrade with Ethereum's code framework, eliminating the need for developers to overhaul their existing protocols.

The ease of transition like this is a testament to Sei's user-centric design philosophy and its potential to transform the DeFi landscape.

Looking ahead, Jog expressed optimism about Sei's position in the blockchain domain, seeing that it could emerge as one of the leading layer-1 blockchains in the next few years.

This vision is underpinned by the network's unparalleled transaction speed and its growing recognition within the crypto community, particularly over the past year. Sei's performance metrics, as reported by CoinMarketCap, further illustrate its upward trajectory, with a notable increase in the value of SEI tokens over the past week.

Looking at the performance of the network's native crypto, SEI, the price appears to be correcting slightly from its ATH close to the MA 50 indicator, which is the basis of its current bullish trajectory. The price level of US$0.5 will be the nearest strong psychological and support point.

The Stochastic indicator has now risen mildly from the oversold region, signaling a weak bullish impulse, potentially re-testing the oversold region as long as it still dwells below its midpoint.

And on the RSI indicator, it's still continuing its slow decline from earlier this year, a sign there's still a chance to receive a seller's push until it reaches oversold territory for a possible reversal of this latest correction. [st]

source : Blockchain Media