🟥◻️🟥◻️🟥◻️🟥----🍜 Many detailed accounts are written very well, and they are not written by AI. They still take away others' rankings, which is quite crazy, quite inhumane, and quite on9. Today, I will write about @SeiNetwork in my own language, however I want to write it~ Let's reason through the on9 algorithm~ I just saw that @SeiNetwork has now launched native USDC and CCTP V2. This update is quite crucial. Previously, the USDC used on Sei was mostly the bridged version, which can be used, but it added an extra layer of risk and fees, and there were some annoyances. This time, Circle directly issued the native USDC on Sei, which means the most significant and regulated stablecoin has been moved to the super-fast L1, eliminating the need for bridging, reducing some risks, and significantly improving capital efficiency. With the addition of CCTP V2, the native USDC can be transferred 1:1 across 13 chains without loss, with no slippage and no liquidity issues. This is great for traders, arbitrageurs, and developers working on cross-chain applications. ╭─────✦✦─⋆⋅☆⋅⋆───╮ I personally think this combination is quite good: • The speed of @SeiNetwork (completed within 400ms) + the stability of USDC = the last wall of speed and liquidity has been torn down. • Institutions can use Circle Mint to directly convert fiat ↔ USDC on Sei, which is much more convenient. • Ordinary users can directly use native USDC through service providers, so they don't have to worry about "is this USDC really bridged out?". The Noble version of USDC (USDC.n) that was previously on @SeiNetwork will still be retained, but the ecosystem should gradually guide everyone to switch to the native version~ This step is a significant boost for Sei's goal of building core infrastructure for cross-chain finance. I feel that this is not just about #Sei having more USDC, but rather bringing together "speed" and "global stablecoin circulation". In the future on Sei, the market can really move capital quickly and cleanly. In short, it used to be fast, but with limited liquidity; now it is fast and can directly connect to the global capital pool.
🟥◻️🟥◻️🟥◻️🟥----🍜 I've always really liked the @SeiNetwork chain, I really miss that hot period of SEI NFTs~ Back then, I was the community CM, helping to negotiate whitelist spots and getting everyone involved in the project, drawing whitelist spots one by one. I still remember Webump and YAKA are still in my wallet, the entire #SEI community was lively, and I tried many new play styles on SEI. Take a look at my Webump, cool right? HEHEHE 😎 And now looking back, SEI is definitely not just about NFTs anymore, many people haven't realized its changes, but the data is really impressive. For instance, the daily trading volume of stablecoins has surged to 4.6 billion USD, and USDC's native issuance exceeded 100 million in its first week. Only players couldn't have these numbers; there must be institutions behind the scenes. ╭─────✦✦─⋆⋅☆⋅⋆───╮ Several key institutional moves are also worth noting: 🔸Circle holds 6.25 million SEI, which is their largest position on-chain. The company behind USDC is making such a heavy bet, indicating they see potential in SEI in the stablecoin layer. 🔸CoinShares launched the world's first SEI ETP (institutional product), and it has a 0 management fee. 🔸Wyoming in the US has chosen SEI to test a national stablecoin, and even Japan's FSA has approved SEI. These are all signs of government-level trust. ╭─────✦✦─⋆⋅☆⋅⋆───╮ I think @SeiNetwork has a solid technical foundation: 🔸Transaction confirmation time is compressed to below 400ms, transactions are super fast, smoother than many chains~ 🔸TPS started at over 10,000 (12,000), and it's expected to reach 200,000 in the future. 🔸The recent GIGA upgrade has directly increased overall performance by 50 times. 🔸USDC native support + 156 cross-chain paths, allowing funds to flow freely between multiple chains, which is super important. ╭─────✦✦─⋆⋅☆⋅⋆───╮ Now @SeiNetwork has captured the three most critical modules: 🔸Stablecoins: 4.6 billion in daily trading volume, directly playing the role of a clearing layer. 🔸RWA (Real World Asset Tokenization): Ondo has already issued 680 million USDY (4.25% annualized) on it. 🔸Gaming: Among all EVM chains, SEI ranks second in active wallet numbers, meaning there are indeed users playing and interacting. I feel that this timing is really right, stablecoins are entering the mainstream, RWA is starting to go on-chain on a large scale, and institutions are gradually entering the market. There is a real need for a fast and stable chain to support these demands ✅ The transformation of @SeiNetwork is quite obvious, so I am also building my $SEI position, feel free to pay attention. I believe the #SEI infrastructure is very good and has great potential~
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