Hey, if you’ve been keeping an eye on the market lately, you’ve probably witnessed something truly mind-blowing. The unstoppable rise of SEI.
Seriously, it’s been like watching a rocket take off! The Sei ecosystem is practically on a cosmic expansion spree. Imagine this: a jaw-dropping 700% growth in just two short months. Yeah, you heard that right! What are the projects behind this surge? Let’s find out.
Impressive 30-day charts for $SEI
– $176m volume
– 32k users
– 577k+ txns
– Up +167%The interest in SEI is still exploding
What are your thoughts? pic.twitter.com/rx9oazJpm7
— Aaron (@AaronSage) January 10, 2024
What is SEI?
SEI is a Cosmos-based layer-1 blockchain. It is revolutionizing digital asset trading, particularly in decentralized exchanges (DEX). SEI brings the speed and ease of centralized exchanges without compromising security and decentralization.
However, unlike CEXs. SEI is asset and application-agnostic, granting access to a myriad of tokens across various blockchain applications. Users can seamlessly trade in DeFi, NFTs, and GameFi ecosystems. That’s why most people consider SEI the “Decentralized NASDAQ.”
The vision for Sei is far larger than just decentralized NASDAQ.
The Sei #DisruptDefi Fund vision is simple: back the next generation of disruptive DeFi teams and enable what cannot be done on any other Layer 1.
Apply today and join the family.https://t.co/kdY6u6ZAfT
— Sei 🔴💨 (@SeiNetwork) September 28, 2022
1) Levana Protocol
Levana Protocol is a crypto-collateralized perpetual swap platform. It offers high yields and low fees on different blockchains. Levana is currently deployed on 3 blockchains: Osmosis, Sei, and Injective. All Cosmos chains.
Levana’s core mission is risk management and mutual benefits for both traders and liquidity providers. Levana uses a standard liquidity pool-based approach to market liquidity. Liquidity providers earn yield for the use of their funds.
Earn up to 52% APR by depositing #SEI into Levana's liquidity pool.
Trade Sei with 30x leverage long/short.
LPs act as Counter Party Traders. Earn extra yield from trader losses, lose out from trader wins.
Sei's LP<>Sei pool ratio grew 4% last week. #Seiyans @SeiNetwork pic.twitter.com/S2nkCuuUUK
— Levana Protocol (@Levana_protocol) January 18, 2024
Levana is relevant in Sei’s ecosystem. It provides up to 30x leverage for long and short positions with tokens like Ethereum and Bitcoin. This positions Sei as a major player in high-leverage trading, granting users access to cutting-edge projects. Levana’s LVN token has real potential. LVN is up 11.2% in the past 7 days.
2) Pallet Exchange
Pallet Exchange is a top Sei-native marketplace for NFTs. Sei’s focus on financial apps has made it a home for NFTs when used in collections or tokenizing assets. Pallet is playing a huge role in Sei’s incredible surge.
Sei’s recent surge is all thanks to the heavy activities on the Pallet Exchange. Pallet recently had its first $1 million market volume day. This shows the strong interest in NFTs on Sei. Pallet showcases popular NFT collections, like:
- The Colony.
- WE Bump.
- Seiyans.
3/
New Platform Features.
While we are constantly shipping optimizations, keep an eye out for new features that will slowly start to get rolled out in the coming weeks that will make your JPEG trading life that little bit easier. 🔴⚪️ pic.twitter.com/GzZ8o3fsi7
— Pallet Exchange | The Sei Marketplace (@Pallet_Exchange) January 9, 2024
These collections recorded impressive trading volumes. The Colony’s price increased from 999 SEI to 2200 SEI. That’s remarkable price growth. WE’s floor price rose from 649 SEI to 1230 SEI. It also achieved a total trading volume of over one million SEI.
Seiyans’ trading volume surpassed 1.75 million SEI in just five days. These collections show that NFTs are popular on Sei. And Pallet remains vital to this ecosystem as a marketplace.
3) Astroport
Astroport is the leading DEX on Sei. It emerged from the fallen Luna ecosystem and has gotten back on track. Currently, Astroport has 10 coins and 171 trading pairs available. Here are some of the best features of this DEX:
- Programmable liquidity.
- All-new Rust code.
- Oracle Integration.
- Easy dapp integration.
Attention Astronauts 👩🚀
After some key upgrades at @warp_protocol, limit orders are now back online for @terra_money, @neutron_org, and @injective_ 🎉
Ready to dive in? Learn how to place your first limit order on Astroport with our step-by-step tutorial:… pic.twitter.com/M6rrcSx8Iw
— Astroport ✦ (@astroport_fi) January 16, 2024
In addition to these, Astroport supports three liquidity pool types:
- Uniswap’s Constant Product formula pools
- Curve’s StableSwap Invariant formula pools
- Passive Concentrated Liquidity pools.
Here’s another interesting feature. Astroport allows other dapps to integrate its liquidity directly into their platforms. So, traders across multiple chains access each other’s liquidity.
The ASTRO token is Astroport’s native token. And it has huge potential. ASTRO was considered dead following the Terra crisis. But the token is up 13x. Most experts expect ASTRO to do an extra 10x this year.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
