The Sei project is a Layer-1 blockchain dedicated to general-purpose use, aiming to become the go-to blockchain for decentralized trading exchanges (DEXs) in DeFi, NFTs, and decentralized gaming.
The Sei chain offers instant transaction confirmations at speeds of up to 600 milliseconds, surpassing current centralized exchanges and DEXs.
Sei places great importance on security by implementing recurring payment auctions to prevent MEV and front-running.
The Sei project can be described as a "decentralized Nasdaq" where it offers a seamless mix of centralized trading experiences with decentralized finance tools.
In recent years, the growth and success of cross-asset trading on-chain has become evident; however, as the demand for these applications continues, existing L1 and L2 infrastructure faces significant scalability challenges.
These challenges are referred to as the "trading dilemma" in the Sei paper, where this dilemma arises from the inability of trading applications to achieve decentralization, scalability, and capital efficiency simultaneously.
To overcome these obstacles, trading applications need dedicated infrastructure that can meet their unique needs in terms of speed, throughput, reliability, and minimizing value extracted by miners (MEV).
Sei emerges as a solution to the scalability problem faced by DEXs, enabling trading applications to scale effectively while maintaining decentralization and capital efficiency.