Sei token has recently surged significantly, hitting consecutive all-time highs. What is the reason behind this? And what opportunities do we have to participate? This article is sourced from Ignas So’s tweet and compiled, translated, and written by Foresight News.
(Recap: SEI skyrocketed 186% in a month, reaching $0.8 and setting a new historical high. The market speculates on the V2 “Parallel EVM” upgrade.)
(Background: Sei’s ultimate marketing rule: Make headlines in the news and use “sunshine airdrops” to attract the crypto community.)
Sei token has recently surged significantly, hitting consecutive all-time highs. What is the reason behind this? And what opportunities do we have to participate?
Firstly, there are many opportunities in the Sei ecosystem, and you can engage in the following operations:
– Stake tokens in SEI’s Staking Hub.
– Trade NFTs on Pallet Exchange, such as The Colony, which is popular within the Sei community and team.
– Stake SEI on Kryptonite (a liquidity staking protocol on Sei) to earn stSEI or LP tokens for SEILOR/SEI, with an annual interest rate of 2000%.
– Trade on Levana Protocol (a fully collateralized perpetual protocol on Cosmos).
– Explore Astroport (a liquidity staking platform in the Cosmos ecosystem) or memecoin SEIYAN. Please make sure to conduct your own research and manage risks!
– Experience the upcoming DEX, Yaka Finance (currently testing on the testnet and has launched incentive programs).
– There are also other upcoming DApps worth paying attention to: Silo (a liquidity staking protocol on Sei with the derivative token iSEI), Solar (a lending protocol in the Sei ecosystem), and Gamblino (a prediction platform in the Sei ecosystem).
Next, why is Sei performing so strongly in the market? I believe there are three main reasons:
– Technological innovation: Sei, along with Fantom, has become an alternative to Solana in the modular blockchain space. It is about to launch features such as optimistic parallelization, SeiDB, and EVM support.
– Token issuance potential: The Sei ecosystem is new, but it is continuously expanding, and newly launched DApps can issue tokens. The increase in SEI price may enhance the valuation of DApp tokens.
– Engaging narrative: Sei emphasizes the narrative of parallelization, with the next Solana emerging. However, I am interested in the narrative of a standalone blockchain.
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