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The percentages and metrics are calculated from its change over a 7-day time frame, unless noted otherwise.
Highlighting some of the biggest announcements from Sei.
💨 What’s happening: Sei Network decentralized exchange (DEX) total volume surpassed $4 billion, according to DefiLlama data.
💨 Why it matters: This milestone showcases the growing adoption of Sei’s trading-focused blockchain. Since last quarter, Sei has seen steady growth in DEX activity, with total volume increasing more than 50%.
Sei’s blockchain architecture is designed for better trading applications with its fast transactions and parallel execution capabilities. These features allow Sei to process thousands of transactions per second, while executing them onchain concurrently.
In general, DEXs serve as a backbone of a blockchain’s economy by enabling peer-to-peer trading without intermediaries. This provides a trustless and transparent financial ecosystem. Unlike centralized exchanges (CEXs), which rely on a single entity to custody funds and match orders, DEXs operate through smart contracts.
For the Sei Network, its DEX volume surpassing $4 billion underscores its ability to handle significant economic activity. This can be seen as a promising sign for developers, traders and investors alike that want tradeable exchanges that have liquidity, while also being secure and fast.
Traditionally, high trading volumes boost liquidity, which makes the network more appealing for large-scale traders and institutions.
💨 The bigger picture: Historically, many DEXs have lagged behind CEXs in execution, speed and latency. This can be a deterrent for some users who want to perform trades instantly.
With that said, Sei’s design looks to optimize for order execution and low latency to offer a near-CEX-like experience without compromising on decentralization. By aligning decentralized ideals with practical usability, its $4 billion milestone shows that users want fast, efficient DEXs.
If Sei’s DEX can maintain this growth trajectory, while preserving fast transaction speeds and decentralization, it could establish the network as an ecosystem to house next-gen DeFi applications.
Updates on the latest games, validators, builders and more that are helping Sei expand
Sei Development Foundation, a U.S. non-profit that looks to provide infrastructure resources for institutional adoption across crypto in America, was launched
Network daily active new wallets are up week-over-week from 33K to 64K, according to Artemis data
Compass, a wallet app for the network, implemented upgrades – some notable ones:
Monaco announced it will launch an open-source software development kit for protocols to use to build decentralized exchanges using Sei’s speeds
Highlighting the builders, users and ecosystem players within the Sei blockchain.
Learn about RWA tokenization via an X livestream hosted by the Sei Research Initiative team
Helium Wars shared the release of its multi-chain battle royale game will be powered by the Sei Network
Check out this live stream to learn how to deploy a dApp or token on the Sei Network
Sailor, a automated market maker and DEX, hit an all-time high of $61M in TVL (shown below)
Source: DefiLlama
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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.