Sei surges 13% amid launch of mainnet beta v2

As a researcher with experience in the blockchain industry, I’m excited about Sei’s recent progress. The surge in its market value following the launch of the beta version of Sei v2 mainnet is noteworthy. According to CoinMarketCap, Sei has seen a significant increase in trading volume and price over the past 24 hours, with a daily trading volume of $211 million at the time of writing.

As a blockchain analyst, I’ve noticed an impressive 13% increase in the value of SEI, the native token of Layer 1 blockchain Sei. This surge came after the unveiling of the beta version of Sei v2 mainnet. As Sei proudly proclaimed, this new iteration is claimed to be “the most performant EVM blockchain ever built.”

As a crypto investor, I’m excited to share that Sei has experienced significant growth at present. According to CoinMarketCap, its price has surged by an impressive 12.5% within the last 24 hours, reaching $0.3422. Moreover, the asset boasts a substantial daily trading volume of approximately $211 million. This translates to a noteworthy 48.2% increase in value for this sector-specific Layer 1 blockchain tailored exclusively for trading, providing exchanges with a competitive edge.

Sei surges 13% amid launch of mainnet beta v2

As an analyst, I’ve noticed an impressive rise in SEI’s market worth. This surge aligns with the Sei team’s declaration of the official beta launch for the “Sei v2 mainnet.” They proudly assert that this is “the most performant EVM blockchain ever constructed” by their team.

Phase 2 has come to a close with success โœ…

The Sei v2 mainnet beta has officially arrived, marking a new era as the most efficient EVM blockchain yet.

The future is now, explore more about Sei’s mission and upcoming developments here:

It’s evident that since the recent launch ofโ€ฆ

โ€” Sei ๐Ÿ”ด๐Ÿ’จ (@SeiNetwork) July 9, 2024

The crypto trading network, renowned for its quick and affordable transactions, has recently upgraded its system by incorporating Geth.

“A widely-used Ethereum software is frequently employed by developers to build decentralized applications (dapps) and various other web3 solutions on Ethereum, the second biggest cryptocurrency platform in terms of market value.”

In August 2023, after securing investment totaling $30 million from backers like Jump Trading and Multicoin Capital through two successful funding rounds, the beta mainnet version of Sei’s v1 platform, constructed using Cosmos SDK, was introduced.

As a researcher, I’d put it this way: Following the announcement of the Sei Foundation’s new $10 million grant fund for NFT and Social project development, I’m thrilled to be part of the team that’s now moving forward with the completion of Sei v2 in its second phase.

The foundation outlined that this project aims to foster a diverse community of creators and developers. It prioritizes various areas such as collections, applications, infrastructure, content generation, and in-real-life (IRL) experiences.

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2024-07-10 11:26