SEI hits new highs—how can users participate in the Sei ecosystem?
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SEI hits new highs—how can users participate in the Sei ecosystem?
Sei emphasizes parallelized narratives, and the next Solana is beginning to emerge.
Navigating Web3 tides with focused insightsAuthor: Ignas
Translation: Luffy, Foresight News
The Sei token has surged recently, continuously hitting new all-time highs. What's driving this momentum? And what opportunities are available for participation?
First, there are numerous opportunities within the Sei ecosystem where you can take action:
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Stake tokens at SEI’s Staking Hub;
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Trade NFTs on Pallet Exchange, such as The Colony, which are popular among the Sei community and team;
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Stake SEI on Kryptonite (a liquid staking protocol on Sei) to earn stSEI, or stake SEILOR/SEI LP tokens to earn an annual yield of 2000%;
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Trade on Levana Protocol (a fully collateralized perpetuals protocol on Cosmos);
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Explore Astroport (a liquid staking platform in the Cosmos ecosystem), or the memecoin SEIYAN. Please conduct your own research and manage risk accordingly!
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Try out the upcoming DEX Yaka Finance (currently live on testnet with an incentive program).
Other upcoming DApps worth watching include Silo (a liquid staking protocol on Sei, with derivative token iSEI), Solar (a lending protocol in the Sei ecosystem), and Gamblino (a prediction platform built on Sei).
So why is Sei performing so strongly in the market? I believe there are three main reasons:
Technological innovation: Alongside Fantom, Sei has emerged as a Solana alternative in the modular blockchain space, with upcoming features including optimistic parallelization, SeiDB, and EVM support.
Token issuance potential: The Sei ecosystem is new but rapidly evolving, with newly launched DApps having the ability to issue their own tokens. Rising SEI prices could boost valuations of these DApp tokens.
Compelling narrative: Sei emphasizes the narrative of parallelization, positioning itself as the next Solana. However, I’m focusing more on the monolithic blockchain narrative.
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Ignas | DeFi Research
