The world of cryptocurrencies is evolving every day and projects are faced with the question of which technology to choose to build their project on, as it plays a key role in its success. DragonSwap made a strategic decision to build its infrastructure on Sei's V2 EVM. This conscious choice is driven by the unprecedented performance gains offered by a parallelised EVM, enabling DragonSwap to create a high-performance and user-centric trading experience similar to a centralised exchange within decentralised networks.

An effective alliance: DragonSwap and Sei Network

The collaboration between DragonSwap and Sei Network represents a strategic alliance that addresses the unique challenges faced by decentralized exchanges built on a general-purpose Layer 1 (L1) blockchain. DragonSwap is fueled by the vision of establishing a high-performance and user-centric decentralized exchange experience, a feat made possible by Sei Network's position as the world's fastest blockchain. Built from the ground up to support high-throughput DeFi applications, Sei's Parallelized EVM empowers DragonSwap to leverage the full potential of a decentralized network that prioritizes efficient, cost-effective transactions with near-instantaneous finality.

Why Sei Network Became the Preferred Choice

Several key factors influenced DragonSwap's decision to build on Sei Network:

Speed and Efficiency: Sei Network surpasses competitors with a transactional throughput of 20,000 operations per second (ops), dwarfing Ethereum's 20 transactions per second (tps) and even outperforming Solana's 10,000 tps.

Consensus Mechanism: Sei utilizes a Proof of Stake mechanism with its Twin-Turbo Consensus, incorporating Intelligent Block Propagation and Optimistic Block Processing to enhance throughput and block processing speed.

Transaction Speeds and Cost: With a transactional finality of 380 milliseconds, Sei Network is significantly faster than Ethereum and Bitcoin, making it an ideal choice for high-frequency trading.

Smart Contract Capabilities: Sei's parallelized EVM smart contracts offer backward compatibility with Ethereum contracts, ensuring ease of adoption for developers.

Tailored for Trading: Sei Network is specifically designed for trading applications, ensuring unparalleled speed and efficiency. It caters to high-frequency trading, offering features like single-block order execution and frequent batch auctioning.