Why SEI Is Better Than Recent SUI.
Are you familiar with SUI? It has gained significant attention in the cryptocurrency world recently. However, I must say that I’m rather disappointed with it. As expected, SUI has experienced a significant decline, and its DeFi ecosystem still requires further development before it becomes truly usable. This situation can be frustrating, but not entirely unexpected.
Therefore, while waiting for SUI to improve, you might want to consider exploring Sei Network (SEI). SEI also claims to be the fastest layer-1 blockchain, potentially surpassing SUI, which supposedly outperforms Aptos, the supposed Solana killer, and Ethereum’s supposed successor. None of these claims have materialized thus far.
Sei is the fastest Layer 1 for trading, optimizing every layer of the stack to offer the best infrastructure for trading apps. Backed by Jump Crypto, Multicoin, Coinbase, Delphi, and the largest market makers, Sei has already gained significant support within the industry. In fact, there are already over 150 teams building on Sei, including Ethereum, Sui, zkSync, Polygon, and Solana.
The vision of Sei is clear: it aspires to become the superhighway for trading activity. By prioritizing speed and efficiency, Sei aims to revolutionize the trading experience for users worldwide.
So, what problem does Sei solve? Trading apps are undoubtedly the most popular and vital applications within the Web3 ecosystem. However, they face a significant challenge when it comes to scaling on Layer 1 blockchains. The Exchange Trilemma, which involves balancing decentralization, scalability, and capital efficiency, poses a difficult obstacle for exchanges. This is where Sei steps in. It addresses the scalability problem faced by decentralized exchanges (DEXs), enabling them to offer superior user experiences and foster continued growth.
I understand if you’re skeptical about another blockchain, but let me explain why SEI has considerable potential. Built on Cosmos SDK, SEI is renowned for its scalability and interoperability. It strives to address some of the most significant challenges faced by the blockchain industry, including scalability, security, and interoperability.
Moreover, SEI is designed to possess high interoperability. This means it can seamlessly connect with other blockchains and legacy systems, simplifying the development of cross-chain applications. This feature is vital as we progress toward a more interconnected world in the future.
Now, you may be wondering how to get started with SEI. It’s actually quite straightforward. All you need is a Keplr wallet and then connect to https://app.seinetwork.io/faucet to acquire some SEI and start experimenting with it.
And here’s the best part: testing SEI might make you eligible for a future airdrop (hopefully a genuine one, unlike SUI). Therefore, not only do you get the opportunity to test a promising new blockchain, but you could also potentially enjoy rewards in the future.
If you want to start operating on the SEI network, take a look at the already established ecosystem in the graphic below.
For your convenience, I have listed several important wallets and projects that are worth engaging with.
SELECTED WALLETS
Keplr : https://www.keplr.app/download
Leap - personally, I highly recommend this one : https://www.leapwallet.io/
Coin98: https://coin98.com/
SELECTED PROJECTS worth completing tasks on.
SparrowSwap — developing an AMM-based DEX service on Sei: https://twitter.com/sparrowswapxyz
Kryptonite — a decentralized AMM and staking protocol built on Sei: https://twitter.com/Kryptonite_fi
Eclipse Pad — the first IDO launchpad for the SEI ecosystem: https://twitter.com/EclipsePad
DotSei Domains — Naming Service on Sei Network: https://twitter.com/dotseidomains
Astroport — a neutral system where anyone can dock and trade their goods: https://twitter.com/astroport_fi
SeaSwap — a new native Sei protocol that provides innovative AMM experiences: https://twitter.com/Seaswap_sei
Furthermore, consider completing missions at: https://edge.blocked.cc/products/1
Good luck!
To conclude, if you’re disappointed with SUI, perhaps you should consider exploring SEI. It’s a fast, secure, and interoperable blockchain with significant potential. Who knows? It might just be the next big thing in the world of blockchain. So go ahead, give it a try, and let me know your thoughts!
Disclaimer: This article does not provide any financial advice. The information presented is intended for general informational and educational purposes only.