What is SEI?

The Sei (Sihanoukville Economic Index) public chain is a blockchain project issued with the real economy as its core, launched in 2023. It adopts a parallel execution architecture and a high-throughput EVM-compatible environment, aiming to provide scalable blockchain infrastructure to enhance the usability of blockchain in high transaction density scenarios, to meet applications such as decentralized finance, cross-border payments, and supply chain management.

SEI also occupies an important position in the field of high-performance computing. Its architecture not only supports the IBC (Inter-Blockchain Communication protocol) of the Cosmos ecosystem, but also allows EVM developers to access the CosmWasm ecosystem through Pointer Contracts and Precompile Contracts, achieving seamless interaction between ERC-20 and CW-20 tokens, ERC-721 and CW-721 NFT assets, while maintaining high transaction performance on the chain.

In addition, SEI has enhanced Cross-VM compatibility, optimized asset liquidity and developer experience, providing efficient, secure, and scalable infrastructure for Web3 applications, and laying a solid foundation for the integration of the real economy and the digital economy.

SEI project logo (Image source:https://blog.halal.io/is-sei-token-halal-or-haram-is-buying-selling-sei-permissible/)

Related links:

Official website entrance:https://www.sei.io/

Blockchain Explorer:https://sei.explorers.guru/

White Paper:https://www.docs.sei.io/learn

X (Twitter):https://x.com/SeiNetwork

Telegram:https://t.me/seinetwork

Github:https://github.com/sei-protocol

Discord：https://discord.com/invite/SEI

Trading Entrance:https://www.gate.io/en/trade/SEI_USDT

The Team behind SEI

Sei Network was co-founded in 2022 by former Goldman Sachs technology investment banker Jeff Feng and former Robinhood software engineer Jayendra Jog. Other team members include elites from Wall Street investment banks, Silicon Valley tech companies, and the blockchain industry, including technical and financial experts who have worked at renowned companies such as Google, Amazon, Airbnb, and Goldman Sachs.

Jeff Feng graduated from the University of California, Berkeley, and previously worked as a technology, media, and telecommunications (TMT) investment banker at Goldman Sachs before joining Coatue Management, focusing on venture capital. He has a deep understanding of the global technology industry and financial markets.

Jayendra Jog has worked as a software engineer at Robinhood, accumulating rich experience in building high-performance financial trading platforms. During his time at Robinhood, Jayendra realized the limitations of traditional financial institutions in communication and transparency, especially after the GameStop stock event, further strengthening the importance of information transparency, aiming to make the decentralized Nasdaq exchange a reality.

Sei Labs’ two co-founders (Image source: https://daic.capital/blog/sei-network-solution-for-defi）

Advantages of SEI project

Traditional blockchains usually adopt a sequential execution method, where all transactions are processed in chronological order, leading to task queuing and low resource utilization. However, Sei blockchain performs parallel computing, allowing transactions to be executed simultaneously in different computing units, avoiding the waste of computing resources caused by queuing for a single task. This significantly improves the execution efficiency of cross-market transactions, thereby effectively reducing Gas fees and enhancing the economic efficiency of on-chain transactions.

In the Sei ecosystem, with the reasonable distribution of network load, blockchain resources are efficiently allocated. Validators and processing nodes do not need to handle redundant data, thereby improving overall computational efficiency and providing developers and users with a more cost-effective and efficient blockchain transaction environment. This gives Sei significant advantages in high-frequency trading, DeFi protocols, decentralized exchanges, and cross-chain applications.

This mechanism can be compared to a multi-counter service model in the real world: in a traditional model, users need to queue at a single counter, whereas Sei adopts a parallel execution architecture, similar to multiple counters simultaneously providing different services. This makes transaction processing more flexible, further enhancing the computational capacity of the Web3 ecosystem and the execution flexibility of cross-market trading. This also establishes Sei’s leading position in the high-performance public chain sector.

Sei’s explanation of parallel execution on social media (Image source:https://x.com/SeiNetwork/status/1752145373936713955)

Market Performance of $Sei

Over the past month, the price of $SEI showed a pattern of surging and then pulling back. On February 24, the price of $SEI broke through $0.28, reaching the highest point in nearly a month. After March 1, the price gradually declined, making several attempts to break through $0.25 but failing to stabilize. On March 8, the price dropped to around $0.18, falling more than 30% from the monthly high. After March 13, the price saw a slight rebound and entered a consolidation phase.

As of March 17 (UTC+0), at the time of writing, the latest price of $SEI is $0.1957, with a fully diluted market capitalization of $196 million. In the short term, investors can focus on the key range of $0.19 - $0.22. If the price breaks through the upper resistance, the market may see a new round of upward movement.

02/17 - 03/17 period $Sei trend (Image source:https://www.coingecko.com/en/coins/sei）

Price prediction for $Sei

Currently, the price of $SEI is in a downward channel and has broken through multiple key support levels. It is expected that the coin price will gradually decline over the next 3-4 months. The confidence interval (green shadow) also indicates that the overall trend is still downward, and the market lacks sufficient support to prevent the price from falling. Investors should be cautious in holding positions and avoid blindly bottom fishing. If the market fails to provide sufficient support, the price may continue to decline in the coming months.

It is worth noting that the development of blockchain projects is uncertain, and technological iterations, the expansion of new application scenarios, etc., may bring potential market reversals. Investors should closely monitor the latest developments in the SEI ecosystem and changes in market sentiment to make more rational investment decisions.

$Sei price trend forecast (Image source:https://cryptopriceperdiction-isshiliu.streamlit.app/）

Conclusion

As a high-performance Layer 1 public chain, SEI demonstrates strong competitiveness in high-frequency trading (HFT) and DeFi ecosystems with its unique parallel execution architecture and high throughput processing capability. Its optimized blockchain architecture can effectively reduce transaction latency, improve on-chain transaction efficiency, and provide more stable infrastructure support for decentralized exchanges, automated market makers (AMM), and other applications.

Despite the recent fluctuation and downward trend in the price of $SEI, the market still faces significant selling pressure in the short term. However, in the long run, Sei remains a potential project worth paying attention to in the Web3 ecosystem. Investors should closely monitor the technological iterations, cross-chain compatibility development, and market capital flows within the Sei ecosystem to assess its future growth prospects and market performance, and formulate reasonable risk management strategies to ensure the stability of their investment portfolios.