Try Quests to earn SEISEI Governance Dashboard
What is Sei? Sei is a general purpose, open-source Layer 1 blockchain specialized for the exchange of digital assets. Leveraging a novel consensus and technical breakthroughs, Sei is the fastest blockchain in the industry. A common misconception is that Sei is a DeFi chain. However, the exchange of digital assets is universal across gaming, social, and NFTs. The most successful Web3 apps are: 1) Indirect trading apps (most Metamask users ultimately use Uniswap / OpenSea) or 2) Direct trading apps, disguised as a game or NFT marketplace (like Axie or Magic Eden). There are major tailwinds driving the growth of on-chain trading and exchange of digital assets. As regulation increases on centralized exchanges, more activity flows on-chain. As crypto adoption increases, more assets are tokenized and the need to exchange these assets increases exponentially. Exchanges face a major scaling problem on Layer 1s today. Exchanges face the Exchange Trilemma: between decentralization, scalability and capital efficiency, they cannot achieve all three.