Buy Sei
What is Sei?
Sei (SEI) is a Layer 1 blockchain specifically designed to optimise the trading of digital assets, particularly for decentralised exchanges (DEXs). It combines high-performance elements from both Solana and Ethereum, aiming to deliver a developer-friendly environment enabled by a high-speed Ethereum Virtual Machine (EVM) chain. This unique architecture helps facilitate faster and more efficient digital asset trading.
How does Sei work?
Sei operates on a Layer 1 blockchain infrastructure leveraging the Cosmos SDK and Tendermint Core, designed for high-frequency trading and optimised digital asset transactions. Its unique Twin-Turbo Consensus Mechanism enhances transaction speed, security, capital efficiency, and decentralisation. By supporting both the Ethereum Virtual Machine (EVM) and CosmWasm, Sei allows developers to deploy dApps seamlessly across its network. It employs parallel-transaction processing to further enhance scalability and transaction efficiency.
What are the potential use cases for Sei?
Sei's architecture is tailored towards high-speed, scalable, and secure applications, making it ideal for:
- Decentralised Finance (DeFi): Supporting high-frequency trading and digital exchanges.
- Real World Assets (RWAs): Facilitating the tokenisation and streamlined trading of assets like real estate and luxury goods.
- Decentralised Gaming and Social Apps: Offering fast scalability needed for real-time transactions and extensive user interactions.
- NFT Ecosystem: Enabling efficient and secure trading capabilities for non-fungible tokens and related products.
What is the history of Sei?
Sei was co-founded by Jayendra Jog, a former software engineer at Robinhood, and Jeff Feng, a UC Berkeley graduate with experience in finance and venture capital. Motivated by the decentralisation opportunities in the wake of the GameStop scandal, the project launched its mainnet in 2022, combining elements of Ethereum and Solana for enhanced transaction speed and scalability. In 2024, the platform introduced Sei V2, an upgrade that made it the first to implement a parallelised EVM chain, supported by a $10 million Sei Creator Fund to propel ecosystem development. The platform has continually evolved, backed by leading investors like Multicoin, Coinbase Ventures, and Jump.
Related Assets
Resources
Learn More About Sei
Frequently Asked Questions (FAQs)
What is the current price of Sei (SEI)?
The Sei price is $0.74975479 AUD, representing a -0.68% from the day prior.
Where is the best place to buy Sei (SEI) in Australia?
The best place to buy Sei (SEI) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Sei (SEI) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Sei (SEI)?
The trading volume of Sei (SEI) is $220.3M AUD in the last 24hrs, representing a -0.68% from the day prior.
How can I buy Sei (SEI)?
Sei (SEI) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Sei (SEI)?
The current market cap of Sei (SEI) is $3.1B AUD.
Can I convert Sei (SEI) to cash?
Yes - With Coinstash you can convert your Sei (SEI) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Sei (SEI) are there?
The current circulating supply of Sei (SEI) is 4.2B.
Is Coinstash a safe place to buy Sei (SEI) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Sei (SEI) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.