Sei Network vs. Others

    Sei Network | A Game-Changer for High-Speed Decentralized Exchanges

    The Sei Network is revolutionizing the decentralized exchange (DEX) space with its specialized Layer 1 blockchain tailored for trading apps. Boasting impressive transaction speeds, scalability, and innovative consensus mechanisms, Sei stands out as the fastest blockchain on the market. This highlight article explores how Sei works and what makes it unique, highlighting its key features, advantages, and funding achievements.

    Unparalleled Speed and Efficiency

    Sei stands out for its incredible transaction speeds, which are faster than other Layer 1 networks. It achieves this with Twin Turbo consensus, a smart combination of block propagation and optimistic block processing. This innovation significantly reduces the time it takes to reach agreement on transactions, making Sei the fastest blockchain out there.

    Tailored for Trading Apps

    Sei's infrastructure optimization focuses on delivering the best trading experience for various trading apps, including DeFi DEXes, NFT marketplaces, and gaming DEXes. The platform achieves this through its native order-matching engine, allowing exchange apps built on top to scale effectively, unlike other Layer 1 networks.

    Solving the Exchange Trilemma

    Sei addresses the Exchange Trilemma faced by most DEXs, offering a solution to balance decentralization, scalability, and capital efficiency. By optimizing every layer of the stack, Sei becomes a cost-effective, transparent, and efficient solution for traders and market makers alike.

    Cutting-Edge Features

    Sei integrates market-based parallelization to increase throughput, single-block order execution for faster transactions, order bundling for cost-effectiveness, and frequent batch auctioning to prevent frontrunning. The inclusion of a native price oracle at Layer 1 ensures reliable price feeds for users and developers.

    [Source : Bitrue]

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    Introduction
    About Dashboard

    This dashboard includes two main parts:

    In the first part, the state of the Sei network has been evaluated. In this evaluation, transactions (number of transactions, success rate, number of failed transactions and TPS), users (number of users, users with failed and succeeded transactions and new users), fees generated (total fees, fees in USD, generated fee for failed and succeeded Transactions) and blocks (produced blocks, proposers, average number of transactions per block) have been evaluated.

    In the second part, the following parameters are compared in the Sei network with 11 other networks:

    • Total / daily number of transactions
    • Total average/daily success rate
    • Average Total / Daily TPS
    • Total / daily number of unique users
    • Total/daily volume of fees generated (in USD)
    • Total / daily number of blocks produced
    • Average total/daily number of transactions per block
    • average, maximum and minimum time between blocks (in ms)

    The 11 investigated networks are as follows:

    • Ethereum
    • Arbitrum
    • Optimism
    • Polygon
    • BSC
    • Avalanche
    • Base
    • Near
    • Solana
    • Osmosis
    • Cosmos
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    Note: The results of this dashboard will be updated daily.