Sei Network is a Layer 1 based Blockchain Project that has recently made a name for itself. Sei, which has strong investors and supporters such as Coinbase, Multicoin Capital, Stepn, Delphi Capital, announced an ecosystem fund worth $ 120 million in recent months. This brought Sei even more to the fore.
So how does the Sei Network work?
Sei Network is based on the Cosmos SDK, and has its own order book CLOB. Thanks to Sei’s ledger, blockchains on Cosmos can create more optimised transactions, reduce transaction costs and work in harmony with each other. Sei also mentions the shortcomings of Decentralised Finance applications and states that it will make significant contributions to the development and optimisation of these platforms.
In addition, Sei has very fast processing power compared to its competitors with processing speeds up to 600 ms.
Sei, which has recently incorporated important projects and formations such as SenseFi, SparrowSwap, Vortex Protocol, Axelar, Celer Network, seems to be frequently mentioned in the mainnet and beyond in the future.
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