Sei Network: A high-performance public chain born for trading

Recently, the cryptocurrency market has experienced a series of fluctuations, making the development of the decentralized exchange (DEX) even more necessary. In this context, Sei Network has emerged as a new Layer 1 public chain built on the Cosmos SDK. Its original design intention is to become the preferred infrastructure for DEX in the fields of DeFi, NFT, and GameFi.

The uniqueness of the Sei Network lies in the fact that it is not a general-purpose public chain or a specific application chain in the traditional sense, but a public chain specifically designed for trading. This positioning allows for comprehensive optimization at the technical level to provide the best trading infrastructure while maintaining sufficient flexibility to support various trading applications.

Technical Innovations of the Sei Network

1. Twin Turbo consensus mechanism

The Sei Network employs an innovative Twin Turbo consensus mechanism, which consists of two key components: intelligent block propagation and optimistic block processing. Through this mechanism, Sei is able to reduce block confirmation time to approximately 500 milliseconds, significantly faster than other Cosmos ecosystem chains, and achieves a high throughput of 20,000 transactions per second.

2. Parallel order execution

Sei introduces parallel order execution technology, allowing for simultaneous processing of orders from different markets while maintaining the sequential processing of orders within the same market. This innovation significantly enhances the system's throughput, especially under high-load conditions.

3. Built-in Order Matching Engine

As one of its core functions, Sei has implemented an order placement and matching engine at the chain level. This allows developers to more easily build order book-based exchanges without having to build an order book system from scratch.

4. Other optimization features

Sei has also introduced a range of other optimization features, including single-block order execution, order bundling, frequent batch auctions, and local price oracles. These features further enhance the efficiency and scalability of Sei.

The Ecological Development of Sei Network

Although the mainnet has not officially launched, the Sei Network has already attracted a lot of attention and investment. Currently, the total size of the Sei ecosystem fund has reached $120 million, coming from several well-known investment institutions and trading platforms.

In terms of the project ecosystem, over 150 teams are developing projects on Sei, covering various fields such as DEX, infrastructure, MEV, cross-chain, and NFTs. Among them, some well-known projects include:

• DEX: Sushiswap, Satori
• Infrastructure: White Whale, Kado
• Wallet: Keplr, Cosmoscan
• Cross-chain bridges: Gravity Bridge, Axelar

The addition of these partners has injected strong momentum into the development of the Sei ecosystem.

Conclusion

The Sei Network is providing an efficient and reliable infrastructure for decentralized trading through its unique technological innovations and a design philosophy focused on trading. As its ecosystem continues to expand and technology is continuously optimized, Sei is expected to play an important role in the future of decentralized finance, offering users a faster and safer trading experience.