Sei Network Larry TVL surged 85.62% in the past month, exceeding $400 million

Odaily Planet Daily News According to official news, Larry, head of Sei Network DeFi, delivered a keynote speech titled "The Fastest Parallelized EVM Layer 1" at the "OKX Web3 Night" event. Larry said that Sei is committed to expanding the Ethereum Virtual Machine (EVM) with the goal of achieving a throughput of 5 billion gas per second. Through parallel execution, fast consensus and optimized storage. In the future, EVM will be rebuilt from scratch, focusing on three major areas: consensus, storage and execution. The Giga upgrade will further enhance Sei performance by optimizing the consensus mechanism and increasing network throughput. After the upgrade, Sei's TPS (transactions per second) is expected to double to 10,000 TPS to meet the needs of large-scale enterprise applications. According to Defillama data, the TVL of the Sei network has increased by 85% in the past month, ranking first among all public chains. It is worth noting that many high-growth projects have emerged in the Sei ecosystem, such as Yei Finance, Sailor Finance, Silo, etc. Among them, the DeFi protocol Yei Finance is relying on Sei to create a full-chain liquidity market, integrate multi-chain lending and transactions, and bring users on the chain a user experience comparable to CEX.