that much increase The popularity of EVM-compatible blockchains and parallelized processes is driving the growth of the Sei Network SEI token, which has increased by more than 75% in the past week. Sei Network was launched in August as a transaction-focused blockchain with the backing of prominent investors Jump Crypto and Multicoin Capital. It is designed with a focus on speed, low fees, and other features tailored to support specific types of trading apps. The network’s SEI token reached $400 million in capitalization within the first 24 hours of issuance, but made little profit over the next few months as on-chain trading activity was suppressed. However, the recent craze for token trading on blockchains like Solana and Avalanche is leading speculators to bet on blockchains other than the commonly preferred Ethereum, and networks like Sei are benefiting.
