Let's understand why developers choose the sei environment. How it attracts traders who literally recently used centralized exchanges.

Since the birth of cryptocurrencies, exchanges have been a layer between fiat and centralized assets. But why do people still use them? Why, with the development of DeFIs, can't we abandon them completely? Let's find out.

Simply speaking, the exchanger is a decentralized wallet with web2 interface attached to it. When you fund your account your money goes to the total bank, this decentralized wallet and become untraceable. All your assets are now mixed with deposits from other clients.

But the problem is not that all of them are stored on, so to speak, one wallet, but that now your money is out of your control. The exchange can now dispose of them as it wants, using them to their own advantage. To prove my words some recent events: the crash of FTX. In fact I can give you many more examples, but then we will not have time to talk about sei😅

The Sei network is the industry's first Tier 1 blockchain designed for trading. Every aspect of the blockchain has been optimized to help DeFI perform better and offer a better UX to its end users. In simple terms, it's a decentralized exchange (DEX) on its own blockchain, built on top of Cosmos, specializing in decentralized finance trading.

It's not just the usual features of any Dex, as you might think at first. L1 implies a whole ecosystem, capable of add-ons, scalability, and compatibility with other blockchains.

It's a whole sector with the familiar DeFI, NFT.

Take a look at the infographic below 👇

Isn't that impressive? In just six months the ecosystem has attracted more than many other L1 blockchains combined...

Looking at the chart above, we can clearly say sei is on the final path to launch. Infrastructure looks impressive and there are already about 50 projects involved. DeFi lending, derivatives, leverage, oracles, data warehousing, futures/spots trading are all in sei. Even a casino has already been added 😁

Every time you open a blockchain top, you inadvertently wonder how "it" could be here. And then sei pops up, which really carries value. My article may sound like a shill for my favorite project, but no. I just take the dry facts and write them here.

In conclusion:

Applications deployed in the sei ecosystem are at a premium. Everything here is already sewn into the blockchain itself: scalable order book infrastructure, greater liquidity, a fully decentralized matching service. Everyone finds benefit from this building model. Developers get a convenient infrastructure for creation, traders get a decentralized, hacker-proof chain.

All this attracts capitals, users and makes it a truly valuable player on the cryptocurrency market at any time.

Follow social networks👇.

Twitter: https://twitter.com/seinetwork

Telegram: https://t.me/seinetwork

Medium: https://medium.com/@seinetwork