Sei

Sei is a Layer 1 blockchain designed for high-performance smart contract execution, positioning itself as a faster and cheaper alternative to standard Ethereum-compatible chains. It claims to address the throughput limitations common to most blockchains by running transactions in parallel rather than one at a time. Developers who want to deploy Ethereum-compatible applications without being constrained by conventional EVM bottlenecks are its primary intended audience.

Sei processes transactions using a parallelized version of the Ethereum Virtual Machine, meaning independent transactions can be executed simultaneously rather than sequentially, which the project says reduces latency and fees. The SEI token is used within the network to pay transaction fees and participate in network operations, and the chain records a block time of effectively zero minutes in the stored data, though the project describes near-instant finality as a design goal. The consensus algorithm is not specified in the available data.

The network collects fees from users submitting transactions, and because the take rate is recorded at 100% for the trailing 30 days, the protocol retains all fees rather than distributing any portion to a separate supply side. Fees over the trailing 30 days totalled 2,899 USD, and annualizing that 30-day figure produces 35,271 USD; the trailing 12-month total was 75,679 USD, suggesting fee activity has varied across the year. At current market capitalization, annualized fees represent approximately 0.009% of market cap, and the market cap divided by annualized fees stands at 11,293. Supply-side revenue for the trailing 30 days was zero, confirming that no fees were passed to liquidity providers or validators through that measured channel.