Just came to mind:
New merch on @Backpack is definitely @SeiNetwork. Sei's current strengths include:
+ RWAFi: the adoption of USDY by Ondo
+ Stablecoin push: USDC and @circle
+ Gaming: boosted by over 8.8m UAW in the last 30 days
+ Top-notch infrastructure powered by the Sei GIGA
+ Capital market: driven by a significant increase in activities on @TakaraLend, surpassing $100m TVL in a month; top APR reaches nearly 15%
In comparison, total lent on Backpack Exchange is facing a solid upfront.
Worth taking a look.
My thoughts:
There are a few potential scenarios for the integration between @Backpack and @SeiNetwork:
1. Direct Support of Sei Network on the Backpack Wallet
➜ If this happens, it will be the first time Backpack supports a network other than Solana. Sei could then be adopted by Backpack's massive user base.
However, given the different technological foundations of Solana and Sei, direct integration may be challenging.
2. $SEI appearing on the Backpack Exchange for Spot and Perpetual Contracts
➜ This would significantly enhance $SEI's DeFi metrics, especially if trading activity on the Backpack exchange is increasing.
3. Backpack Serving as a Bridge Between Solana and Sei
➜ This could boost transaction volumes on both networks, leveraging their active communities and strong metrics.
What do I miss? Comment your thoughts below ⤵️
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