Sei Blockchain Surges in Asia, Outpaces Solana in Daily Users
Sei, a Layer-1 blockchain, is making waves in Asia. Despite its smaller size, it's outpacing rivals like Solana in daily active users and ranking among the top three in Japanese trading volumes. Its expansion plans and unique features are turning heads.
Sei's growth is notable. It's seen more daily active users than Solana on some days, particularly in GameFi and SocialFi sectors. In Japan, despite a lower market capitalization and total value locked (TVL), Sei ranks high in trading volumes. This success is underpinned by Circle's USDC deployment and Apollo's tokenization efforts through Securitize.
Sei is expanding into Asia using Japan's licensing regime and global partnerships. Its entry into Japan is rare, given the stringent exchange licensing process. Sei combines high throughput with EVM compatibility, eliminating switching costs for Solidity developers. In the next 12 months, Sei plans to onboard institutions through RWA tokenization and build a broader developer base in talent-rich hubs like Vietnam and Indonesia. While there's no specific information on current expansion in these countries, Sei aims to stay compliant with regulations for long-term success.
Sei's approvals in Japan have enabled listings on major exchanges like Binance Japan and OKX Japan. With a 'prudent, impact-focused' mindset, Sei is well-positioned to weather market downturns. Its growth in daily active users and trading volumes, along with strategic expansion plans, signal a promising future for this Layer-1 blockchain in the APAC region.
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