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The rise in reputation of EVM-compliant blockchains and the parallelization course of is driving the expansion of the Sei Community’s SEI token, which has gained over 75% previously week. Sei Community launched in August as a trading-focused blockchain backed by distinguished traders Soar Crypto and Multicoin Capital. It was designed with a concentrate on pace, low charges and different options tuned to help sure sorts of buying and selling apps. The community’s SEI tokens reached a $400 million capitalization throughout the first 24 hours after issuance, however gained little within the subsequent few months as on-chain buying and selling conduct remained subdued. Nevertheless, the current token buying and selling frenzy in blockchains corresponding to Solana and Avalanche is driving speculators to wager on blockchains aside from Ethereum, the standard favourite, and networks corresponding to Sei are benefiting.
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