Welcome to the Sei Overview. In this edition, we explore how Sedna fits into Sei Giga and new ecosystem partnership and launches.
New here? Subscribe here to get updates to your inbox every Monday.
By the Numbers
$SEI token price: $0.06 (+11.8%)
Market cap: $376.4M (+11.8%)
Sei Total Value Locked (TVL): $56.2M (-2.6%)
Daily EVM transactions: 1.2M (+142.2%)
Daily EVM active addresses: 1.3M (+198.2%)
Block time: 0.42s (-4.6%)
Percentages and metrics are calculated over a 7-day time frame, unless noted otherwise.
Sei Showcase
💨 What’s happening: Sei Labs detailed how Sedna, a component of its Giga upgrade, will keep pending transactions hidden by splitting them into coded fragments that are scattered across validators.
💨 Why it matters: Transactions typically are placed in a public waiting room, called the mempool, before they are confirmed on a blockchain. This mempool can be viewed publicly, meaning information can be used by traders to either copy the transaction or front-run it.
With Sedna, instead of being encrypted, a transaction is split into small coded pieces that are sent to different validators. This process ensures no single validator can see the full transaction before it is finalized, making the overall system more resistant to bias and front-run trades.
In addition, the design reduces the incentives for selectivity, since a validator can't block a transaction it can't read. And because the fragments are sent with redundancy, any transaction can still be reassembled even if some validators withhold their pieces.
💨 The bigger picture: It’s important to note that Sei Labs says Sedna is not an encrypted mempool, and doesn't guarantee that nothing can ever be learned before finalization. What it does do is keep the odds of an early reveal low, while using less bandwidth than sending full copies to multiple validators.
Accelerating Sei’s blockchain
Updates on the latest games, validators, builders and more that are helping Sei expand
Envio released a guide on how to create indexers for USDC on Sei to track stablecoin transfers on supported dApps
Sakura Nexus collaborated with Garyu Poker to host an in-person poker tournament in Japan
Manadia partnered with Sei-powered game FishWar to implement its automated settlement to the in-game economy
Lock in to the ecosystem
Want to get involved?
Check out the latest jobs at the Sei Development Foundation and Sei Labs
That’s all for this week.
Hit reply and let us know how we did! What was your favorite part of the newsletter? Our founder reads every response.
To get this newsletter delivered to your inbox every Monday, subscribe here:
This product was built by StrataMedia.
This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.