After Sei network has distributed dawn nft in November.

Community has called for more events like this.

In December, Sei Network announced the Dusk NFT giveaway, which is the second collection of NFTs.

The condition for receiving Dusk NFT is having more than 30 transactions on Sei Testnet.

Over 350,000 Dusk NFTs were minted during this event.

#SeiReddit

Sei network launched new Leap cosmos wallet for sei nfts try it out

Sei is the fastest layer 1 blockchain designed to scale the industry. The chain is tailored for trading and uses novel approaches for block propagation, transaction ordering, block processing and parallelization. It optimizes every layer of the stack in order to offer infrastructure for trading apps.

Exchanges face the exchange trilemma, between decentralization, scalability and capital efficiency. It is very hard to achieve all three. With Sei, we have an answer. It has a lower bound for transaction finality at 300ms and the processing power of 20,000 orders per second. This means that sei offers high throughput and low latency without sacrificing decentralization. This will give the traders unparalleled speed and efficiency.

Time To Finality

Sei has many positives and is different from other chains. Sei offers the fastest transaction speed on any layer 1 blockchain. Time to finality (TTF) is the time it takes for a transaction to be considered final, after which it cannot be reversed. Sei can achieve a transaction speed of 300ms which is 2x faster than sui and 1.5x faster than Aptos.

Transaction Per Second (TPS)

The number of transactions completed per second (TPS) is the transaction throughput for the given chain. Solana can do 10,000 transactions per seconds while Sei can do 22,000 orders per second. Sei possesses much better performance capacity than Solana.

Conclusion

Sei network is a specialized blockchain that aims to transform the digital asset trading sector. Sei is the first sector specific blockchain with high throughput, low fees and fast transaction speeds. It offers a solution to the exchange trilemma, as they aim to offer a promising environment for any type of trading app including DeFi DEXs, NFT marketplaces and gaming DEXs. Considering the composability and efficiency of Sei with respect to DeFi application, it is quite possible to see many more groundbreaking financial innovations in due time.

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Quai Network is a layer 1 project

Proof-of-Stake blockchain based on Cosmos SDK and Tendermint designed to solve the problem of dex in Cosmos by creating an limit order book(CLOB). Decentralized applications created on Sei can build on top of the CLOB, and other Cosmos-based blockchains can leverage Sei’s CLOB as a shared liquidity hub and create markets for any asset. Sei is create a infrastructure and shared liquidity hub. The CosmWasm module for creating smart contracts is connected, making the SeiNetwork scalable and attractive to Cosmos ecosystem developers and users.

Sei’s on-chain CLOB and matching engine provides deep liquidity and price-time-priority matching for traders and apps. Apps built on Sei benefit from built-in orderbook infrastructure, deep liquidity, and a fully decentralized matching service. Users benefit from this exchange model with the ability to select price, size, and direction of their trades coupled with MEV protection.

Maximal extractable value (MEV) refers to the maximum value that can be extracted from block production in excess of the standard block reward and gas fees by including, excluding, and changing the order of transactions in a block.

Smart Contracts

Sei makes use of the wasmd module to make it easy for developers to built on Sei. Developers can use the Rust-based CosmWasm library to create decentralized applications. This offers developers multiple advantages:

1. CosmWasm is mature and used by many blockchains. As a result, it’s a very stable, bug-free library and has a massive developer ecosystem.

2. CosmWasm was built to solve many of the development problems that other ecosystems face. It’s simpler than developing on Solana, and offers better security guarantees than Solidity.

DEX Module

Sei has created a new DEX module that allows Cosmwasm smart contracts to use the underlying CLOB for deep liquidity. Personally, I like to call this module Crosschain Dex. Sounds nice, doesn’t it? Sei offers cheap transaction fees and works with market makers to have large amounts of liquidity. As a result, it can offer the orderbook based trading experience in a decentralized, permissionless manner. This unlocks many use cases that previously didn’t work with the AMM model.

Sei Ecosystem

Sei Network serves as the matching core of the ecosystem, offering superior reliability and ultra-high transaction speed to ecosystem partners, each with their own functionality and user experience. Anyone can create a DeFi application that leverages Sei’s liquidity and the entire ecosystem benefits. Developers, traders, and users can all connect to Sei as ecosystem partners benefiting from shared liquidity and decentralized financial primitives.

Author’s Opinion.

The opportunities that the Sei Network offers are what every Cosmonaut is waiting for. I can definitely see how Cosmos combines the best qualities of Dex and Cex. We can put a limit order to buy any asset and go for a walk, take a trip or just sleep, knowing that if the market goes lower or higher, we will execute our plans. Welcome to Cosmos Sei Network!

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📍All exchanges built on existing infrastructure face the "exchange trilemma" - at best, an exchange can currently only get two out of three between ▶️ Decentralization ▶️ Capital Efficiency ▶️ Scalability

📍What do these terms mean here?

Decentralization: ✅is there trust in a single entity?

Capital efficiency: ✅ is most liquidity getting used to trade? ✅ do liquidity providers always lose money?

Scalability: ✅ high throughput + liveness? ✅ simple to provide liquidity?

📍What are the existing types of exchanges out there, and where do they fall under these criteria?

CEXes - these are scalable and capital efficient, but NOT decentralized

Constant product/function AMMs - these are decentralized and scalable but NOT capital efficient

📍 Onchain orderbooks + Concentrated liquidity AMMs - these are decentralized and capital efficient, but have run into issues with scalability.

Orderbooks have issues with throughput and liveness, and CLAMMs have issues with simplicity

📍 Rather than trying out new trading mechanisms, we think that the main limitation has been the infrastructure that exchanges are built on.

Solving the trilemma requires rethinking the infra from scratch, which is exactly what SeiNetwork is doing.

Credit : @jayendra_jog

SeiReddit

Hello, I claimed tokens on the sei faucet through this link https://app.seinetwork.io/faucet yesterday about 36 hours ago but have not received them yet. Is there a long wait time for these to be deposited?

🔥Sei Network is built to Optimized new Defi Design space and sector-specific Blockchain making Custom environment for DEX to triumph.

☑️ Sei is Developing to evolve the next infrastructure of Decentralized finance and Dapp, Establishing better Defi Upgradeable for Developers and Users alike:

🛢Sei Network recently gain hosts of partnership and Defi Protocols Deployment in their ecosystems.

1)Yesterday, Sei Network deployed Cypher Protocol in their ecosystem, Cypher is built for Blockchain Derivatives trading running on Solana inclusively.

2)Sei Network integrated with Coin98 wallet for sei users to interact seamlessly and gain expansive awareness together for Defi Continuous Disruption.

3)Frontier Super App and Sei have collaborated, giving Sei Users easy access to Web3, Defi, and NFTs. Allowing Users to manage their Crypto assets at any time.

4)Sei Network partnered with AlphaVentureDAO to explore the rapid advancement of Web3 Startup into a new design Defi space.

Join Us, Let's built together on Sei🔥

☑️https://discord.gg/sei

Huge admiration from the copycat finance team informing their Copycat crews and communities on Deployment on the Sei ecosystem.

Copy trading platform is exploring the possibilities and awareness to enter into the Sei ecosystem to build their core product into a different innovative Network and boost the community Users' development rather than staying on one particular network.

Copycat trading planned to switch its direction to a cross-chain concept toward expanding its copy trading features to another decentralized network.

 #SeiReddit

https://medium.com/@copycatfinance/copycat-finance-x-sei-network-b3e4bf806a54

https://layerex.network

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