Sei’s potential as a ground-breaking Layer 1 blockchain in the cryptocurrency and blockchain industries is not a secret. Sei has been hard at work to ensure that its customers receive only the best in its products, service, and support. The entire Sei team and community throughout the world have been working tirelessly, and they will continue to do so.
What has been happening at Sei Network this May? Let us get to it in this blog post.
PARTNERSHIPS AND INTEGRATIONS
It has been business as usual at Sei Network with several more integrations and partnerships in the month of May. It seems that everyone in the blockchain community wants a share of what Sei Network has to offer. Sei has seen projects like Levana Protocol, Mizu, Four Pillars, Questify, CoinSender, ChainIDE, XDEFI Wallet, Dego Finance, Humandone, Dmail, Compass, Gafin, and Entangle Protocol partner up the network. What an impressive number of collaborations in just a month. Partnerships and collaborations among blockchain companies are essential for fostering innovation, driving adoption, addressing industry challenges, and realizing the full potential of blockchain technology. By working together, companies can achieve a more significant impact, create synergies, and build a stronger, more interconnected blockchain ecosystem.
Sei Liquidity Alliance provides credible developers and builders on the Sei Layer One blockchain with the liquidity they need to fuel their growth and concentrate on building protocols. This eliminates the need to invest time and resources in establishing their own market-making capabilities. Sei Network has quite an impressive list of members of the Liquidity Alliance already, but the month of May has seen DeFi projects with huge potential join the list. These include Zerocap, Cryppo, Factomind, JST Digital, and Flowdesk. The Sei Liquidity Alliance acts as a launching board for the success of all members.
AMAs AND COMMUNITY EVENTS
Furthermore, these collaborations have brought lots of activity and media coverage to Sei Network’s social media accounts, especially Sei Network’s official Discord and Twitter channels. Sei has hosted numerous AMAs on Twitter spaces and has also been a guest to quite a few of them with great numbers of participation. The most notable of these AMAs are the ones with Zerocap, Cryppo, Factomind, Fuzio, Flowdesk, Crypto Miners, Levana, and Compound Thesis.
Co-founder at Sei Labs was a guest at Compound’s Thesis AMA episode 23, where the topic discussed was “How Sei Network solves for blockchain’s trading trilemma”. Also, Jim Hiltner, host at Compound Thesis together with Jay Jog covered sub-topics such as Sei’s fundamental thesis that the clearest use case for crypto is trading — whether that’s DEXs, GameFi, NFTs, etc. Another sub-topic discussed was the trade-offs between decentralization, capital efficiency, and scalability for exchanges on existing blockchains and How trading-focused optimizations on Sei translates to efficiencies for user experience, traders, and institutions.
“So, we don’t think the solution here to solve the exchange trilemma is to keep iterating on exchange mechanisms. We don’t think the solution is to go from Uniswap v2 to v3 to v4. We think the solution is to do a rewrite of the underlying infrastructure.”
The global Sei community has grown substantially as well, with the number of users on the official Discord server surpassing 500 thousand and the number of people following the project on Twitter climbing above 400 thousand. Sei Network has been in the limelight this May, ensuring the cryptocurrency and blockchain community knows what’s coming.
SEI TESTNET
Testnets provide a safe and controlled environment for blockchain companies to test, refine, and validate their technology before deploying it on the mainnet. They are crucial for ensuring the security, performance, and functionality of the blockchain network, while also facilitating collaboration and community engagement. Sei Testnet has been one of the most active testnets in crypto and the statistics are evidence of this.
Sei Atlantic -2 testnet has recorded over a Million Atlantic 2 Transactions and over 5.5 million Unique Wallets so far. Completing Atlantic 2 testnet missions is effortless because users no longer need to fill out cumbersome forms, and their progress is tracked automatically now that Sei has partnered up with Blocked Protocol. Right now, users can participate in the following missions on Blocked Protocol powered by Sei Atlantic 2. Fuzio Network, a Predictions, AMM, and Launch Pad, SenSei_DeFi which is Lossless lottery platform, Mizu, an NFT marketplace built on Sei Network, Tetrisk, a blockchain gaming platform and Questify, a platform redefining the meaning of SocialFi. Head over to https://edge.blocked.cc/products/1 to get started.
CONCLUSION
Sei Network, a ground-breaking Layer 1 blockchain platform, has been making significant strides in the cryptocurrency and blockchain industries. In May, they formed numerous partnerships and integrations with projects like Levana Protocol, Mizu, Four Pillars, Questify, and more, fostering innovation and driving adoption. Their Liquidity Alliance attracted notable DeFi projects, providing developers with the needed liquidity. Sei actively engaged with the community through AMAs and participated in Compound’s Thesis AMA episodes. Their testnet, Sei Atlantic -2, saw over a million transactions and 5.5 million unique wallets, with streamlined missions offered through their partnership with Blocked Protocol. Sei Network continues to expand its ecosystem and enhance its technology.
