SEI token will probably be within the highlight subsequent week as Binance is scheduled to list it on its platform. Knowledge printed by Aevo, a brand new crypto futures platform exhibits that the token will seemingly open at 26 cents. If this occurs, it signifies that the token’s market cap will probably be over $500 million, making it some of the profitable launches this yr.
SEI is the thirty sixth undertaking coming from Binance launchpool. The opposite blockchains to return from the ecosystem are Sui and Bella Protocol. In keeping with its web site, Sei is a layer 1 community that particularly focuses n buying and selling. It’ll allow builders to construct initiatives which are on the intersection of centralized and decentralized exchanges.
Sei makes use of the Twin-Turbo consensus and a number of levels of parallelization to scale back latency and enhance throughput. Its web site identifies a number of initiatives in its ecosystem, together with Alpha Enterprise DAO, Apollo DAO, and Astroport.
The problem for SEI and different new layer-1 and layer-2 networks – together with Coinbase’s Base, is that the business is very saturated, with most exercise occurring in Ethereum. For instance, PayPal chosen Ethereum as its blockchain for the brand new PYUSD stablecoin.
Many builders are additionally shifting to layer-2 networks like Arbitrum, Optimism, and Polygon. Most significantly, most of the not too long ago launched layer 1 networks like Aptos and Sui haven’t gained traction amongst builders.
Subsequently, there’s a chance that SEI token value will seemingly rise shortly after itemizing after which retreat shortly after that.