Sei surges 13% amid launch of mainnet beta v2

Latest Update: Sei Token Surges 13% with Sei v2 Mainnet Launch

The native token of Layer 1 blockchain Sei, SEI, has experienced a significant 13% surge following the debut of the beta version of its Sei v2 mainnet. This new version has been acclaimed as the “most performant EVM blockchain ever constructed.”

Market Performance and Growth Potential

At the time of reporting, Sei has seen a 12.5% increase in value within the last 24 hours, trading at $0.3422 according to CoinMarketCap data. With a daily trading volume of $211 million, SEI has exhibited a remarkable 48.2% spike in value as a sector-specific Layer 1 blockchain exclusively tailored for trading purposes, aiming to provide exchanges with a competitive advantage.

Enhancements and Milestones in the Sei Ecosystem

The recent upsurge in SEI’s market valuation aligns with the official launch announcement of the “Sei v2 mainnet beta,” positioned as the premier EVM blockchain in terms of performance. The network, known for its efficient and cost-effective crypto trading capabilities, has now integrated Geth, a well-known Ethereum software utilized extensively by developers for creating decentralized applications (dapps) and other solutions within the Ethereum ecosystem, the second-largest blockchain by market capitalization.

Future Growth Initiatives and Community Support

Furthermore, the completion of phase 2 for Sei v2 arrives alongside the introduction of a $10 million grant fund by the Sei Foundation, dedicated to advancing growth in NFT and Social projects. This initiative aims to provide support to a diverse range of creators and builders, focusing on collections, applications, infrastructure, content creation, and in-real-life (IRL) events, demonstrating Sei’s commitment to fostering innovation and development within the crypto space.

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