How to Trade Sei (SEI)

Jeff Feng and Jayendra Jog (Jay Jog), former developers from Goldman Sachs, Robinhood, and Databricks, founded Sei Labs. They raised a $5 million Seed round from Multicoin Capital to build a Layer 1 blockchain specifically for trading applications.

Sei established a $50 million Ecosystem and Liquidity Fund to bootstrap DeFi applications on its mainnet, with over 120 teams projects building on Sei during this period.

Sei raised $30 million in a Series A round at an $800 million valuation, led by Jump Crypto and Multicoin Capital. The team announced that the public testnet attracted 3.6 million unique users and processed 35 million transactions in one month.

The Sei mainnet officially launched with Twin-Turbo consensus, achieving 390ms finality—the fastest in the world at the time. It included a native order book embedded in Layer 1, allowing DEXs to use it directly without building their own matching engines.

Sei V2 launched as the world's first parallelized EVM, allowing Ethereum developers to deploy Solidity contracts on Sei with performance up to 100x faster than legacy Ethereum, supporting 200,000+ TPS and 400ms finality.