Sei Network's SEI Token Surges 75% on Investor Interest in High-Speed, EVM-Compatible Blockchain
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The Sei Network's SEI token has seen over 75% gains recently amid rising interest in EVM-compliant blockchains using parallelization.
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The Sei Network is a trading-focused blockchain launched in 2023, backed by major investors and designed for speed and low fees.
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On-chain metrics like growth of ecosystem tokens SEIYAN and SEILOR and increasing SEI futures open interest indicate mounting interest.
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Upcoming Sei Network upgrades aim to make it the fastest blockchain and add features like parallelization and easy deployment of audited EVM contracts.
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Hype is driven by a 2024 update that will focus on speed, parallelization, and compatibility with EVM contracts.