Sei tokens have recently surged and reached new historical highs. What is the reason behind this significant increase and what opportunities are available for participation? This article is sourced from Ignas, published and compiled by Foresight News.
(Previous Update: SEI token skyrocketed by 186% in a month, reaching $0.8, creating a new historical high! Market speculates V2 “Parallel EVM” upgrade.)
(Background Information: Sei’s ultimate marketing rule: relying on headline news and using “sunshine airdrops” to attract the encrypted community.)
Sei tokens have recently experienced a substantial increase and continuously set new historical highs. What is the reason behind this surge? And what opportunities are available for us?
Firstly, there are many opportunities within the Sei ecosystem, where you can engage in the following operations:
1. Stake tokens in Sei’s Staking Hub.
2. Trade NFTs on Pallet Exchange, such as The Colony, which is popular within the Sei community and team.
3. Stake SEI on Kryptonite (Sei’s liquidity staking protocol) to earn stSEI or stake LP tokens of SEILOR/SEI to earn a return of 2000% per annum.
4. Trade on Levana Protocol (a fully collateralized perpetual protocol on Cosmos).
5. Explore Astroport (a liquidity staking platform in the Cosmos ecosystem) or memecoin SEIYAN. Please make sure to conduct your own research and control risks.
6. Experience the upcoming DEX Yaka Finance (currently on the testnet and has initiated incentive programs).
There are also other upcoming DApps worth paying attention to, such as Silo (Sei’s liquidity staking protocol, with the derivative token iSEI), Solar (Sei’s ecological lending protocol), and Gamblino (Sei’s ecological prediction platform).
Next, why is Sei performing so strongly in the market? I believe there are three main reasons:
1. Technological innovation: Sei, along with Fantom, has become an alternative to Solana in the modular blockchain space. It is soon to launch features such as optimistic parallelization, SeiDB, and EVM support.
2. Token issuance potential: The Sei ecosystem is novel but continuously expanding, and new DApps can issue tokens. An increase in SEI price may enhance the valuation of DApp tokens.
3. Engaging narrative: Sei emphasizes parallelization as its narrative. The next Solana is emerging, but I am focused on the narrative of a standalone blockchain.
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