SEI：下一個區塊鏈時代的沉默巨人

儘管市場仍在炒作模因硬幣和ETF上，但一些具有長期視野的傳統財務參與者已悄悄地轉向另一個方向

While the market is still boiling over the hype of meme coins and ETFs, some traditional financial players with a longer-term vision have quietly turned to another direction: infrastructure with stronger performance, higher compliance, and smoother cross-chain. What they want is not “short-term stimulus”, but the underlying system that can really run the next generation of finance. And Sei is becoming a popular choice in their eyes.

儘管市場仍在對模因硬幣和ETF的炒作中沸騰，但一些具有長期視野的傳統財務參與者悄悄地轉向了另一個方向：基礎設施具有更強的性能，更高的合規性和更平滑的交叉鏈。他們想要的不是“短期刺激”，而是可以真正運行下一代金融的基礎系統。 SEI在他們眼中成為一個流行的選擇。

A closer look reveals that its most prominent feature is that it retains the technical advantages of crypto-native technology while actively embracing the regulatory framework. It does not pursue short-term popularity, but instead focuses on solving the two most difficult problems of blockchain implementation - performance bottlenecks and compliance thresholds. This “slow is fast” development philosophy may be the most needed quality for the industry to move from speculation to practical use.

仔細觀察表明，其最突出的特徵是它保留了加密本地技術的技術優勢，同時積極採用監管框架。它不會追求短期的知名度，而是專注於解決區塊鏈實施的兩個最困難的問題 - 性能瓶頸和合規性閾值。這種“緩慢的是快速”的發展理念可能是該行業從投機轉變為實際使用的最需要的質量。

Performance innovation: from “seconds” to “milliseconds”

績效創新：從“秒”到“毫秒”

While most blockchains are still dealing with the problem of “hundreds of transactions per second”, Sei has taken speed to another dimension: more than 12,500 transactions per second (TPS) can be processed, and the final confirmation time is only 400 milliseconds. In comparison, the confirmation time of the Ethereum mainnet is 470 times that of Solana, which is known as “lightning fast”, is 22% slower.

儘管大多數區塊鏈仍在處理“每秒數百筆交易”的問題，但SEI已將速度降低到另一個維度：可以處理12,500多個交易（TPS），最終確認時間僅為400毫秒。相比之下，以太坊主網的確認時間是Solana的470倍，即“快速閃電”的速度慢了22％。

Moreover, Sei is fully compatible with the development tools of the Ethereum ecosystem, such as Hardhat and Foundry, so developers can get started “painlessly”, greatly reducing migration and development costs.

此外，SEI與Hardhat和Foundry等以太坊生態系統的開發工具完全兼容，因此開發人員可以“無痛地”開始，從而大大降低了遷移和開發成本。

Compliance design, born for institutions

合規設計，為機構出生

When institutions begin to truly participate in blockchain, the focus of the issue shifts from “whether it can be used” to “whether it is trustworthy”. In this regard, Sei significantly reduces the risk of being captured by MEV in large transactions by introducing a “deterministic gas fee” model, and also improves the predictability of overall transaction costs. Coupled with high-performance RPC nodes with nanosecond response and audited memory pool architecture, these have greatly enhanced the friendliness of the on-chain system to institutional users.

當機構開始真正參與區塊鏈時，該問題的重點從“是否可以使用”轉變為“是否值得信賴”。在這方面，SEI大大降低了通過引入“確定性氣費”模型在大型交易中被MEV捕獲的風險，並提高了整體交易成本的可預測性。再加上具有納秒響應和經過審核的內存池體系結構的高性能RPC節點，這些節點極大地增強了機構用戶的鍊鍊系統的友好性。

At the same time, its compliance capabilities are not just verbal promises. For example, a new entity in the ecosystem recently established a compliance operation structure in the United States and launched a $65 million fund to support the DeSci (decentralized scientific research) project, which in itself conveys its long-term investment and attention to compliance.

同時，其合規能力不僅是口頭承諾。例如，生態系統中的一個新實體最近在美國建立了合規性結構，並推出了6500萬美元的基金來支持Desci（分散的科學研究）項目，該項目本身傳達了其長期投資和對合規性的關注。

ETF endorsement: a key signal of market confidence

ETF認可：市場信心的關鍵信號

In addition to a solid foundation in technology and compliance, Sei has also achieved key breakthroughs in asset financialization. Recently, Canary submitted the first ETF based on Sei pledged assets in the United States, which is not only an important milestone for Sei, but also a recognition of the quality of its underlying assets by the entire industry.

除了技術和合規性的紮實基礎外，SEI還取得了資產金融方面的關鍵突破。最近，Canary根據美國的SEI承諾資產提交了第一個ETF，這不僅是SEI的重要里程碑，而且是對整個行業基礎資產質量的認可。

It should be emphasized that not all blockchain projects have the conditions to launch a pledged asset ETF. Therefore, Sei’s inclusion in the ETF product itself represents a strong market endorsement. Against the backdrop of the current market sentiment gradually warming up, such progress is very likely to become a key variable in boosting the confidence of the community and institutions.

應該強調的是，並非所有的區塊鏈項目都有發起認捐資產ETF的條件。因此，SEI在ETF產品中的包含代表了強烈的市場認可。在當前市場情緒的背景下，這種進步很可能成為增強社區和機構信心的關鍵變量。

Cross-chain liquidity aggregation: breaking down barriers between chains

跨鏈流動性聚集：打破鏈之間的障礙

To solve the problem of liquidity fragmentation, Sei cooperates with cross-chain protocols such as Wormhole and Axelar to achieve seamless connection with mainstream blockchains such as Ethereum and Cosmos. Users can interact freely between protocols on different chains without complicated bridging operations.

為了解決流動性碎片化問題，SEI與諸如蟲洞和Axelar等跨鏈方案合作，與以太坊和宇宙等主流區塊鏈實現無縫連接。用戶可以在不同鏈條上的協議之間自由互動，而無需複雜的橋接操作。

In addition, Seu has worked with Circle to develop a compliant cross-chain USDC channel to ensure the safe circulation of stablecoins between different chains. To incentivize liquidity providers, a $50 million Liquidity Guidance Fund (LBF) was established to support cross-chain transactions and asset management.

此外，SEU還與Circle合作開發了一個合規的跨鏈USDC通道，以確保在不同鏈之間安全循環。為了激勵流動性提供商，建立了一個價值5000萬美元的流動性指導基金（LBF），以支持跨鏈交易和資產管理。

Rapid expansion of the ecosystem: from DeFi to gaming

生態系統的快速擴展：從DEFI到遊戲

Since mid-2024, Sei's ecosystem has grown rapidly, attracting more than 150 projects to deploy on the mainnet, with 400,000 daily active addresses and more than

自2024年中期以來，SEI的生態系統已經迅速發展，吸引了150多個項目以在主網上部署，每天有40萬個活動地址，超過了