Sei Labs Launches Sei Blockchain Mainnet, Pacific-1

After a testnet phase involving 7.5 million wallets and 400 million transactions, Sei Labs has launched the Sei blockchain.

What is Sei?

Sei is a layer-1 blockchain with focus on seamless asset trading.

Co-founder Jay Jog reveals that Sei boasts a speed ten times that of Solana - up to 20,000 transactions in under 500 milliseconds.

Through a consensus mechanism called "single slot finality", Sei achieves transaction finality within 250 milliseconds, backed by a 100 millisecond buffer to ensure protocol stability.

Initially developed with Cosmos software development kit (SDK), Sei has been entirely reconstructed over two years to enhance infrastructure.

Sei's Focus on Efficient Trading

Sei Labs' intent is to create an environment where asset exchange is not just intuitive but also swift and efficient.

Jeff Feng, co-founder of Sei Labs shares:

"We believe that the fundamental use case of blockchains is the ability to exchange digital assets."

Over 250 teams plan to deploy on mainnet, with around 20 ready on day one.

SushiSwap will also participate, specifically creating new smart contracts for integration.

The mainnet launch will include 30 to 40 validators, most independently managed, mitigating the risk of a 51% attack.

In May, Sei Labs secured $30 million in funding across two rounds, attracting investments from major players like Jump Crypto, Multicoin Capital, and Flow Traders.