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SEI token will probably be in the highlight subsequent week as Binance is scheduled to list it on its platform. Data printed by Aevo, a brand new crypto futures platform exhibits that the token will possible open at 26 cents. If this occurs, it signifies that the token’s market cap will probably be over $500 million, making it one among the most profitable launches this yr.

SEI is the thirty sixth mission coming from Binance launchpool. The different blockchains to come from the ecosystem are Sui and Bella Protocol. According to its web site, Sei is a layer 1 community that particularly focuses n buying and selling. It will allow builders to construct tasks which are at the intersection of centralized and decentralized exchanges.

Sei makes use of the Twin-Turbo consensus and a number of levels of parallelization to scale back latency and enhance throughput. Its web site identifies a number of tasks in its ecosystem, together with Alpha Venture DAO, Apollo DAO, and Astroport.

The problem for SEI and different new layer-1 and layer-2 networks – together with Coinbase’s Base, is that the business is extremely saturated, with most exercise taking place in Ethereum. For instance, PayPal chosen Ethereum as its blockchain for the new PYUSD stablecoin.

Many builders are additionally shifting to layer-2 networks like Arbitrum, Optimism, and Polygon. Most importantly, a lot of the not too long ago launched layer 1 networks like Aptos and Sui haven’t gained traction amongst builders.

Therefore, there’s a chance that SEI token value will possible rise shortly after itemizing after which retreat shortly after that.