#41 / L1 networkssei-networkPartially verified

Sei

A layer-1 engineered specifically around exchange and trading workloads.

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Token

SEI

Sector

Trading-optimized L1

SEI market

CoinGecko data; may be delayed.

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Tokenomics

Market cap

$354.78M

Fully diluted valuation (FDV)

—

No declared max supply: no FDV is computable, supply follows demand.

Circulating supply: 6.73B
Total supply: 10.00B
Max supply: No cap

67.3% of the achievable supply is already circulating.

All-time high (ATH)

$1.14 -95.38% · Mar 15, 2024

Source: CoinGecko, snapshot of Oct 28, 2026. Figures may be delayed.

On-chain fundamentals

Chain TVL: $28.19M

Source: DefiLlama, data as of 2026-10-28 · Revenue is not reported by every protocol.. Figures are informational, not financial advice.

Why it matters

Sei is a layer-1 built with trading as the primary design constraint, optimizing for order matching, low latency and parallel transaction execution rather than general-purpose computation. Later versions moved toward EVM compatibility to widen developer access. Its bet is that trading-specific infrastructure wins the applications that care most about execution speed.

General research guidance, not analysis specific to this asset. Detail is pending.

Track the real organization or foundation behind the token, not just the ticker.

Separate token utility from price action before building a position.

Compare network usage, liquidity, incentives, and governance quality against nearby competitors.

How it works

Sei is a parallelized EVM Layer-1: Sei v2 added full EVM compatibility on top of its Cosmos-based core, and its twin-turbine-style block propagation plus optimistic parallel execution lets unrelated transactions process simultaneously, targeting sub-second finality. Developers port Solidity contracts with minimal changes.

Token utility

Gas and staking on the network

Collateral and settlement across trading applications

Governance over protocol parameters

Value capture

SEI pays gas, is staked to secure the network, and is used in governance. Its parallelization pitch ties value to order-flow-heavy use cases — trading, gaming, high-frequency DeFi — where throughput is the product. Fees are low, so fee-burn value capture is modest; the bet is on volume, not margin.

Supply and issuance

SEI launched with a 10 billion initial supply and no hard cap: staking emissions reward validators and delegators on a schedule that steps down over time. Unstaking is subject to a queue — an anti-dump design worth noting when analyzing supply.

Governance

SEI stakers vote on-chain on parameters and upgrades through the Cosmos SDK governance module. The foundation and core team have driven most roadmap direction so far, with governance ratifying changes rather than originating them.

Key risks

Directly competes with Solana and specialized on-chain trading venues
Performance claims matter only if applications attract real liquidity
Frequent architectural changes can fragment developer effort

Frequently asked questions

What does parallelized execution actually mean?

Transactions that don't touch the same state — different contracts, different pools — are processed simultaneously instead of sequentially, raising throughput. Transactions that conflict are detected and re-ordered, which is why it is called optimistic parallelization.

Is SEI inflationary?

Yes. Staking emissions gradually decline by design but have no terminal date, so staking yield is partly inflation compensation. The FDV-versus-circulating gap from early allocations has also closed as vesting progressed.

References

Last verified: 2026-07-22

The Blockchain for Trading | Sei
Sei · sei.io · primary source
The project's official site, retrieved on the date shown, supporting how it describes itself. It does not establish supply, governance or issuance mechanics.
Accessed 2026-07-22