PANews reported on April 7 that 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 gas throughput of 5 billion per second. Through parallel execution, fast consensus, and optimized storage, Sei has created the highest-performance EVM in history. In the future, EVM will be rebuilt from scratch, focusing on the three major areas of consensus, storage, and execution. The Giga upgrade will further enhance Sei's 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, meeting the needs of large-scale enterprise applications.
According to Deflama data, the TVL of 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 leading DeFi protocol Yei Finance is relying on the high-performance public chain characteristics of Sei to create a full-chain liquidity market, integrate multi-chain lending and trading, and bring users on the chain a user experience comparable to CEX.
