About Sei
Sei is a Layer 1 blockchain built with the Cosmos SDK, designed for high-performance trading and financial applications, particularly fast order execution and decentralized exchanges. Jeffrey Feng and Jayendra Jog founded the project. The Pacific-1 mainnet launched on 16 August 2023 alongside the SEI token. Sei uses a delegated proof-of-stake consensus model where validators and delegators stake SEI to secure the network. Later upgrades introduced an Autobahn-based consensus mechanism to improve performance. The native token, SEI, is used to pay transaction and gas fees, stake with validators to earn rewards, vote on on-chain governance proposals, and act as a collateral and liquidity asset within applications on the network. SEI has a fixed maximum supply of 10 billion tokens, with allocations distributed across the community, ecosystem programs, the team, investors, and the foundation. Inflationary staking rewards are emitted over time up to that cap. Sei is built specifically as a settlement and execution layer for exchanges, order books, and other trading-focused decentralized applications.
TRM Labs launches Beacon Concierge to help police freeze illicit crypto
Beacon Concierge enhances global law enforcement's ability to swiftly combat crypto crime, potentially reshaping digital asset security dynamics.
US Treasury plans Bitcoin custody framework as cold wallet security draws scrutiny
The Treasury's Bitcoin custody framework could reshape federal asset management, impacting market dynamics and regulatory transparency.
U.S. Treasury develops new custody framework for government-held Bitcoin, replacing informal practices
The new custody framework could enhance security and regulatory clarity, potentially boosting institutional confidence in cryptocurrency markets.
US Justice Department seizes infrastructure tied to North Korea’s $400M FaceStealer crypto scheme
The DOJ's actions highlight the persistent threat of state-sponsored cybercrime, emphasizing the need for enhanced global cybersecurity measures.
Operation TorNado nets $234 million in cash and crypto, 354 arrests in darknet drug sweep
Operation TorNado highlights law enforcement's growing ability to disrupt darknet drug networks, but dark web markets may adapt and persist.
Super Micro says it cooperated with Singapore, US, and Taiwanese inquiries
The investigations highlight the complexities of global supply chains and the strategic importance of AI technology in international trade.
A sourced map of Sei's relationships is on the way.
Partners, competitors and related assets, each link independently verified and source-linked before it appears here.
The Crypto Briefing podcast is on the way.
Conversations on Sei and the wider market, hosted by our team, will appear here once episodes are live.