Welcome to the Sei Overview. This edition highlights important moments from Token Relations’ Sei Quarterly Webinar with Jay Jog, the co-founder of Sei Labs. We go over what Giga is being built for, and why right now matters in terms of making onchain trading more efficient and accessible.

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💨 What’s happening: Sei is betting that the fundamental use case for crypto is trading, and that the infrastructure to support it at institutional scale is finally arriving, Jay Jog, Sei Labs co-founder, said during the latest Sei Quarterly Webinar with Token Relations.

💨 Why it matters: Sei’s upcoming Giga upgrade is meant to fix problems stemming from the current system: validators are in charge of packaging each batch of transactions, which opens up gaps. A validator can quietly drop someone's trade and slip in their own, and because pending trades sit in a public waiting area first, validators can spot incoming trades and take advantage. 

"Whatever slippage you set is what's going to be the price that you end up having to pay," Jog said. "This is extremely predatory.” In practice, someone can spot your order, nudge the price up, and sell it back to you a moment later.

With Giga, Sei wants to let every validator build blocks simultaneously instead of one after the other. The Sedna update, which encrypts transaction details until they're locked in, couples with that parallelization to remove the information needed for front-running transactions. 

"The idea behind Sedna is you can have privacy at the transaction dissemination layer," Jog said. "So when you submit your bid to buy the coin, no one will be able to see that."

In addition, Sei’s multiple concurrent proposers (MCP) feature sidesteps the usual trade-off where making a chain faster requires making it less decentralized. The feature lets work be shared across the whole network instead of resting on one machine. "If you're not able to see what transactions are there, then you have to guess," Jog said. "That's what MCP ironically lets you do very well.”

💨 The bigger picture: With Giga, Sei aims to develop the capacity to process about 200,000 transactions per second, which exceeds card networks like Visa.

The comparison relates to Sei’s overarching mission, which is to become the go-to blockchain for all trading. "I actually think payments is not the best thing to be building for onchain," Jog said. "What you really should be targeting is supporting all trading activity onchain." 

Looking ahead, Jog wants the technology itself to be invisible. "I don't want them to even know it's Sei under the hood at all," Jog said, comparing it to the invisible systems that quietly run in the background today.

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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.