Seilors! 🛳
As we eagerly await the approaching Sei mainnet launch, let's explore the core innovations of @SeiNetwork
Come aboard as we dive into the world of Sei, where you'll experience unmatched trading capabilities, supported by its hyperoptimized layer-1 infrastructure
Disclaimer:
Please note that this thread merely aims to share understanding of the topic and should not be taken as financial advice.
Pre-Reading
To better grasp the topic discussed here, we recommend familiarizing yourself with the following subjects through pre-reading:
Table of Contents
➡️ Trading Trilemma
➡️ Solving The Trilemma: @SeiNetwork
➡️ @SeiNetwork vs Layer2 vs Appchain
➡️ 7 Seas of Innovation
➡️ IBP
➡️ OBP
➡️ Paralellization
➡️ Price Oracles
➡️ FBA
➡️ TOB
➡️ Fitting The Puzzle
➡️ @SeiNetwork Ecosystem
What is Trading?
Trading is intrinsic to our daily lives, perhaps the oldest form of human economic interaction. We partake in perpetual transactions involving time, effort, and resources.
(Painting credit in ALT)
Trading Trilemma
In the realm of Web3, trading serves as the fundamental objective and encompasses a diverse range of assets and activities.
Nevertheless, unlocking the full trading potential necessitates tackling the scalability hurdle known as the Trading Trilemma.
To address this issue, it is necessary to employ a blockchain specifically designed to optimize trading activities, such as @SeiNetwork.
#Sei accomplishes the infrastructure level of innovation that bring novel consensus, Tx parallelization and bundling and MEV protection.
@SeiNetwork vs Layer 2 Rollups vs Appchain
Unlike other Layer-2 solutions and Appchains, Sei exclusively prioritizes its blockchain for trading purposes and can be scaled accordingly, rather than serving as a general-purpose platform.
How does @SeiNetwork achieve this? Through innovative infrastructure at the foundational level.
The consensus mechanism, oracle integration, transaction ordering, and resource utilization collectively contribute to the rapid and frictionless trading experience for #Sei users
Intelligent Block Propagation (IBP)
With IBP, validators no longer need to wait for all transactions to be broadcasted. Instead, they can quickly reconstruct the complete transaction from their local mempool.
➡️ ~ 40% throughput ⬆
Optimistic Block Processing (OBP)
OBP parallelizes block processing with prevote to reduce total block time. If the block is rejected before the commit phase, it will be discarded.
➡️ ~ 43% throughput ⬆
➡️ ~ 30% latency ⬇
Paralellization
#Sei utilizes Dependency Mapping to process transactions concurrently, allowing for simultaneous updates to different keys while sequencing updates to the same key.
➡️ ~ 80% improvement in processing time
Native Price Oracles
#Sei utilizes a native price oracle for asset exchange rate pricing. Validators required to participate as oracles to ensure reliable and accurate pricing.
Frequent Batch Auctioning (FBA)
#Sei optimizes order processing by aggregating all orders within a block and executing them simultaneously at a median price.
This approach promotes fair pricing and prevents frontrunning.
Transaction Order Bundling (TOB)
Sei allows multiple independent orders to be included in a single transaction.
This will reducing gas costs for market makers and optimizing block space usage by eliminating fees and latency associated with separate transactions.
Assembling the Puzzle
@SeiNetwork's innovative solutions serve as the foundation for a hyperoptimized blockchain environment dedicated to trading.
It has the potential to emerge as a formidable competitor to other blockchain networks and centralized exchanges (CEX).
@SeiNetwork can be likened to the vast sea, with its ecosystem flourishing and expanding.
Discover more about the #Sei ecosystem by visiting the official link:
sei.io/ecosystem
Infrastructure Ecosystem
@agoric @AndromedaProt @babylon_chain @ConvergenceRfq @EclipsePad @kado_money @GetKargo @KYVENetwork @Legend_LFW @litprotocol @mava_app @nitro_labs @no_doxx @paddleMVM @payfura @SkipProtocol @strobelabs @Transak @whitewhaledefi @utorgcom
Wallet Ecosystem
@coin98_wallet @xdefi_wallet @leap_cosmos @IBCwallet @falcon_wallet @frontierdotxyz @keplrwallet
DeFi Ecosystem
@SushiSwap @okx @Kryptonite_fi @swapleonicorn @magpyxyz @ElixirProtocol @SatoriFinance @defund_finance @synthr_defi @stride_zone @ApolloDAO @simba_exchange @codedestate @CopycatFinance @CrescentHub @cypher_protocol @SenSei_DeFi @sparrowswapxyz
Interoperability
@axelarcore @CelerNetwork @GlitterFinance @gravity_bridge @MultichainOrg @routerprotocol @swing_xyz
Institutions
@MEXC_Global @bitgetglobal @AlphaVentureDAO @BuidlersTribe @InnovationRapid @GravityX_Cap @zerocapwealth
NF/ Metaverse/ GameFi
@SpaceIDProtocol @zealy_io @MizuMarket @SeilorsNFT @SeerFoundation @trutsxyz @Dagoraxyz @EnticeCoin @FableLeague @Gelotto2
Data
@BandProtocol @BlockedProtocol @hicommonwealth @flipsidecrypto @AirfoilStudio @tkdotventures
References (full link in ALT)
- Docs: docs.sei.io/
- @github: github.com/sei-protocol/
- WP breakdown by @SeiNetwork Co-Founder @jayendra_jog - twitter.com/jayendra_jog/status/1585792979834351616?s=20
- Thread from @FourPillarsFP - twitter.com/FourPillarsFP/status/1656680361601167362?s=20