Sei Network is a layer-1 blockchain. It is being developed in the Cosmos ecosystem and argues that it is different from other Tier-1 networks.
What is Sei Network?
Sei Network, the first layer-1 blockchain dedicated to the order book, is built using the Cosmos SDK and Tendermint core. Sei Network has a built-in central limit order book (CLOB) module. In addition, decentralized applications built on Sei can be built on top of a built-in central limit order book.
Cosmos-based blockchains can use Sei’s CLOB as a shared liquidity hub and create a market for any asset. In addition, Sei aims to be a scalable “use-case specific” blockchain, offering a design that benefits DeFi developers and users.
Sei aims to create the best infrastructure for decentralized finance. He argues that with the developing Web3 universe, layer-1s will be shaped around important usage areas such as exchanges. Sei creates a special area for DEX applications. It does this by creating new designs across application chains and general purpose layer-1 networks.
Sei Network is built on a single blockchain in order to ensure that all applications interact with each other easily. Criticizing the shortcomings of decentralized exchanges, Sei develops policies for these needs. These needs are exemplified by network congestion at current layer-1, slow transaction speed, and lack of DEX optimization.
The policies he developed; Native order matching engine is Smart block spread and Sub-seconds placement.
Local order matching engineprovides the scalability of DEXs built on Sei. smart block propagation,It reduces latency during processing and increases efficiency. Sub-second placementWith Sei, it is the fastest chain, reaching accuracy at around 600 ms.
Sei Network Features
Sei was designed with developers and users in mind. It serves as the infrastructure and shared liquidity center for the next generation DeFi. In addition, applications are plug-and-play for trading on Sei infrastructure and accessing pooled liquidity from other applications.
Sei Network has integrated the wasmd module to support CosmWasm smart contracts. This is because it makes it easy for developers to build on Sei and prioritizes its experience. CosmWasm is used by many blockchains. It has a bug-free library and a huge developer ecosystem. CosmWasm was created to solve many development problems faced by other ecosystems. It also offers better security guarantees.
Sei, a Tier-1 blockchain, was built specifically for an order book. Sei enables a new tier of ultra-high performance DeFi products, emphasizing reliability and high efficiency.
The on-chain CLOB and matching engine provides deep liquidity and price-time-priority matching for traders and applications. Applications on Sei benefit from built-in order book infrastructure, deep liquidity and a decentralized matching service. Users can take advantage of this exchange pattern with the ability to choose the price, size and direction of their trades, along with MEV protection.
Sei Network serves as the matching stone of the ecosystem, and each application has its own functionality and user experience, offering ecosystem partners superior reliability and high transaction speed. Every user can create a DeFi application that takes advantage of Sei’s wide liquidity and full ecosystem benefits. Developers, traders and users can connect to Sei as ecosystem partners benefiting from shared liquidity and decentralized financial services.
