SEI token might be within the highlight subsequent week as Binance is scheduled to checklist it on its platform. Knowledge printed by Aevo, a brand new crypto futures platform exhibits that the token will probably open at 26 cents. If this occurs, it signifies that the token’s market cap might be over $500 million, making it one of the profitable launches this 12 months.
SEI is the thirty sixth challenge coming from Binance launchpool. The opposite blockchains to return from the ecosystem are Sui and Bella Protocol. In line 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 cut 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 trade is extremely 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, lots of the just lately launched layer 1 networks like Aptos and Sui haven’t gained traction amongst builders.
Due to this fact, there’s a probability that SEI token value will probably rise shortly after itemizing after which retreat shortly after that.
