Sei, a high-speed Layer 1 blockchain, has launched<\/a> a second iteration of its Devnet.<\/p>\n The upgrade enables developers to deploy code compatible with the Ethereum Virtual Machine (EVM) on the Sei blockchain, according to a release<\/a>.<\/p>\n Many of DeFi\u2019s most popular applications, like Uniswap and Aave, are EVM compatible, so Sei\u2019s shift opens up the possibility of a more vibrant ecosystem on the nascent blockchain.<\/p>\n The release is not intended for users but rather for developers to experiment with deploying their applications.<\/p>\n <\/p>\n Sei bills itself as the \u201cfirst parallelized EVM.\u201d The concept of parallelized blockchains, or networks that can process many transactions at once, gained steam in December. SEI was a key player in this trend.<\/p>\n The network\u2019s SEI token has continued its upward trajectory since then and now sits at $0.75 \u2014 the token recently became a top 50 digital asset with a $1.8B market capitalization.<\/p>\n <\/p>\n <\/a><\/p>\n Sei launched its mainnet in August and met some disappointment<\/a> from users regarding its airdrop<\/a>. The mainnet is currently incompatible with the EVM.<\/p>\n The project contends that its design combines the best elements of Ethereum and Solana.<\/p>\n Tushar Jain, co-founder and managing partner at Multicoin Capital, believes Sei\u2019s design will unlock EVM developers\u2019 potential.<\/p>\n Multicoin led<\/a> Sei\u2019s $5M seed round in 2022 and also participated in a $30M round<\/a> in 2023.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" The SEI token has surged 25% in the past week. Sei, a high-speed Layer 1 blockchain, has launched a second iteration of its Devnet. The upgrade enables developers to deploy code compatible with the Ethereum Virtual Machine (EVM) on the Sei blockchain, according to a release. Many of DeFi\u2019s most popular applications, like Uniswap and […]<\/p>\n","protected":false},"author":2,"featured_media":246901,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-246900","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/246900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=246900"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/246900\/revisions"}],"predecessor-version":[{"id":246903,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/246900\/revisions\/246903"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/246901"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=246900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=246900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=246900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Screenshot](\"https:\/\/thedefiant.io\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F7ab936b29acc27208cd662c8ddad174cf4da973c-1376x926.jpg&w=828&q=100\")
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