SEI, the native token of the Sei blockchain, seems getting huge traction a day after its launching on numerous significant exchanges. On Tuesday, August 15, Binance, Bybit, Bitget, Kucoin, and Kucoin collectively noted the token on their trading platforms.
On the very same day, Sei Labs, the business behind the network, announced the launch of the beta mainnet stage after an effective alpha stage. According to the designers, more than 7.5 million special wallets and 400 million deals were signed up throughout the testnet stage.
The Sei Mainnet beta, Pacific-1, is here.
Users might now bridge and stake their $SEI at https://t.co/kllP3XP3dZ pic.twitter.com/dMdocFMba0
— Sei &#x 1f6a2; (@SeiNetwork) August 15, 2023
Sei network is a layer 1 blockchain constructed on the Universe software application advancement set. It declares to provide a scaling service for decentralized exchanges (DEXs) with its matching engine and order front-run avoidance tools.
SEI Burglarizes Top 100 Crypto Ranking– Cost Introduction
SEI experienced a rise in cost upon its listing on different exchanges, notching more than a 650% gain within an hour. On Binance, the token opened trading at around $0.0639 prior to swelling to a high of $0.4812
Nevertheless, SEI has actually because experienced a minor cost correction, trading about 44% underneath the current high. Since this writing, the token modifications hands at $0.2669, with a considerable 16% cost dive in the previous hour.
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CoinGecko data reveals that SEI has actually been experiencing a huge rise in market activity, with its trading volume standing at $1,074,696,599 This represents a considerable 5,1565% boost in the last 24 hours.
Similarly, the marketplace cap of SEI has actually been on a constant increase in the previous day. With a market cap of approximately $4454 million, the cryptocurrency sits at the 92 nd position on CoinGecko’s crypto ranking.
Remarkably, traders appear to have actually prepared for the existing efficiency of SEI prior to its numerous exchange listings. Information from DEX Aevo’s pre-listing futures exposed that the token might reach almost half a billion market cap upon launching on central exchanges.
The preliminary flowing supply of SEI is 1.8 billion– 18% of the overall supply of 10 billion tokens.
The “Cross-Chain” Airdrop
On Tuesday, August 15, the Sei Structure revealed the information of its upcoming “cross-chain” airdrop for whitelisted users who bridge certifying possessions into the network. A few of the qualified tokens consist of USDC, ETH, WBTC (Covered Bitcoin), and so on
The structure exposed that active users on simply choose blockchains, consisting of Solana, Ethereum, Arbitrum, Polygon, Binance Smart Chain, and Osmosis, can take part in the airdrop. According to the statement, the cross-chain airdrop will be open for declaring at the general public mainnet launch.
SEIUSDT trading at $0.2450 on the 4-hour timeframe|Source: SEIUSDT chart on TradingView
Included image from The Independent, chart from TradingView
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