Sei Re-poster

Traders can soon look forward to a greatly enhanced experience on the Sei network with the introduction of Sedna. Engineered specifically as a private transaction layer for trading, this new addition ensures that all network activities remain completely concealed right up to the point of finality. This strict level of confidentiality actively protects users from common exploits, including sandwich attacks, backrunning, and frontrunning. By delivering essential privacy, Sedna successfully creates a superior and secure environment accommodating trades of every size.

We are thrilled to announce the arrival of Hermes, which stands as the quickest consensus protocol published to date. Custom built for Sei Giga, this technology is engineered to offer less jitter and lower latency than any other blockchain existing today. Powered by Hermes, Giga is set to provide the absolute best onchain trading experience.

An impressive $259M of the Treasury-backed token from @Ondo is currently hosted on Sei. This means that more than one out of every nine USDY can now be found on the network.

In the latest developments, @REXShares and @OspreyFunds have officially revised their paperwork with the SEC regarding the Staked SEI ETF. The effective date for this offering is now scheduled for October 23. This prospective fund is designed to grant investors direct access to spot SEI exposure combined with staking features. Notably, the application was submitted in a broader batch that also includes proposals for NEAR, HYPE, SUI, AVAX, and several other assets.

Because the Sei network was specifically created to support onchain equities, tokenized S&P 500 stocks will soon be available on the platform for U.S. investors. Through the use of dShares from @DinariGlobal, individuals can execute trades using USDC directly out of their self-custody wallets. For complete peace of mind, every single token is fully backed by its corresponding real-world asset.

If you are looking for the most cost-effective blockchain for trading, Sei remains completely unrivaled by any other network. To highlight this incredible affordability, the average transaction fee on Sei was a mere $0.00041 throughout the months of May and June.

Delivering the rapid performance essential for the trading sector, the team at Sei Labs recently shared the official performance metrics for Hermes, their latest consensus protocol. According to the newly published benchmarks, the system achieves a median finality of 68ms. Furthermore, the data demonstrates that 95% of all transactions reach finality in just 101ms.

Canary Capital has officially submitted Amendment No. 2 to the S-1 filing for its Staked SEI ETF. As outlined, the exchange-traded fund is set to directly hold spot SEI. Notably, this newest update introduces major modifications to the underlying staking mechanics. Under the revised framework, it is estimated that ~90% of the assets will be staked, and all holdings will be placed exclusively under the custody of @BitGo.

The Giga testnet is currently preparing to come online.

Today marks a full year of @chainlink Data Streams operating on the Sei network. Recognized throughout the Sei ecosystem as the preferred oracle infrastructure, it currently equips network protocols with incredibly fast, sub-second market data covering both crypto and US equities.

Kalshi-də maliyyələşdirmə funksionallığı artıq rəsmi olaraq aktivdir. Siz Sei şəbəkəsindən birbaşa rahat şəkildə SEI və ya USDC-ni Kalshi hesabınıza köçürə bilərsiniz.

Even though it is the weekend, the development team at @Sei_Labs continues to work hard and deliver updates. How are you choosing to spend your days off?

You can easily trade tokenized treasuries right on the Sei platform. Since January, Ondo's USDY has been actively live on Sei, catering specifically to non-US holders. Thanks to this ongoing availability, Sei currently stands as the 3rd largest network for $USDY.

MetaMask is now covering your gas fees on the Sei network. As long as you use a MetaMask wallet, all qualifying token swaps, fund transfers, and dapp interactions within the ecosystem are completely free of charge.

The pace of progress across the Sei network is currently speeding up. Have you prepared yourself for the upcoming advancements?

We are currently seeing a major resurgence in blockchain engagement, a trend that has led to rising transaction expenses across all the leading networks. Even with this widespread increase in costs, processing a typical operation on Sei still requires an average of just a tenth of a cent.