Sei Network Launches Mainnet Beta With Airdrop

Responding to high demand, the Sei Foundation has made the decision to expand the number of eligible wallets for their cross-bridge $SEI airdrop from 500K to 1.5M.

This expansion encompasses a range of prominent blockchain networks, including Ethereum, Polygon, Arbitrum, BNB CHAIN, Solana, OptimismFND, and Osmosis. With this bold step, Sei Foundation aims to reach a broader audience, rewarding more participants with the opportunity to partake in the airdrop and become part of the Sei ecosystem.

The announcement of the expanded airdrop coincides with the launch of the Sei Network Mainnet beta phase on Aug. 15 with its brand-new native token, $SEI. Cryptocurrency exchanges such as Binance, Bybit, Huobi, and Kraken have already listed the token. CoinGecko data reports a trading volume of $1.14 billion on the token's debut day, with Upbit and Binance, both South Korean-based exchanges, spearheading the trading frenzy.

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The Sei Network: A Glimpse into Its Architecture

Sei Network stands out as a new addition to the blockchain landscape. With a commitment to unmatched speed, Sei network boasts 500 ms in transaction finality. 

Sei's high throughput capabilities can reportedly outperform even the theoretical maximum of Ethereum Rollups. Leveraging parallel processing, instant block finality, and a unique blend of block propagation and processing mechanisms, the protocol aims to exemplify the power of innovation in blockchain operations.

Sei Labs has received $30 million in funding from top investors, including Jump Crypto, Multicoin, and MH Ventures to facilitate the development and growth of its network.

By distributing a portion of their tokens to early adopters and network testers, Sei Foundation aims to incentivize participation and cultivate a thriving community around the SEI token. You can learn more about the airdrop here and the airdrop eligibility here.

$SEI is currently trading at $0.1818, according to CoinMarketcap.