Layer 1

Sei Network Larry: Building the fastest parallel EVM Layer 1, TVL surged 85.62% in the past month, exceeding 400 million USD

ChainCatcher news, according to official sources, Sei Network DeFi head Larry delivered a keynote speech titled "The Fastest Parallelized EVM Layer 1" at the "OKX Web3 Night" event.Larry stated that Sei is committed to scaling the Ethereum Virtual Machine (EVM), aiming to achieve a throughput of 5 billion gas per second. Through parallel execution, rapid consensus, and optimized storage, Sei has built the highest-performing EVM in history. In the future, the EVM will be rebuilt from scratch, focusing on three main areas: consensus, storage, and execution. The Giga upgrade will further enhance Sei's performance by optimizing the consensus mechanism and increasing network throughput. After the upgrade, Sei's TPS (transactions per second) is expected to double to 10,000 TPS, meeting the needs of enterprise-level large-scale applications.According to Defillama data, Sei Network's TVL has grown by 85% over the past month, ranking first among all public chains. Notably, several high-growth projects have emerged within the Sei ecosystem, such as Yei Finance, Sailor Finance, and Silo. Among them, the leading DeFi protocol Yei Finance is leveraging Sei's high-performance public chain characteristics to create a full-chain liquidity market, integrating multi-chain lending and trading to provide on-chain users with a user experience comparable to CEX.

RootData: Large token unlocks are usually accompanied by positive news that drives up prices, with infrastructure, Layer 1/2, and DeFi remaining the hottest sectors

ChainCatcher news, RootData released the "2024 Web3 Industry Investment Research Report." The report shows that in 2024, VC coins have become a daunting term, with the crypto market bearing its exit liquidity. Projects such as Optimism, Sui, Aptos, Ethena, dydx, and Cardano unlock over 30 million tokens each month. Among these, there have been 9 major unlocking events (single transactions exceeding 100 million USD), namely INJ, MEME, PYTH, AVAX, SUI, W, JTO, APT, TIA.Comparing the prices before and after token unlocks, it is found that project parties can significantly raise token prices before large unlocks through early announcements of positive information, marketing, and other means. Over-the-counter (OTC) trading is the method with the least impact on token prices for exiting, which can eliminate the risk of significant token price drops.In addition, based on the popular tags from RootData over the past year (with over 5000 clicks), infrastructure, Layer 1/2, and DeFi remain the hottest tracks in blockchain. Tags such as artificial intelligence and DeSci have seen a rapid increase in clicks, with representative projects like Virtuals Protocol and Bio Protocol consistently ranking high on the RootData popularity list.The popularity of some high-click tags usually lasts only 1-3 months, such as DePIN, Tap to Earn, and the Bitcoin ecosystem.
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