What is SEI?

Ticker: SEI
Network: Sei
Category: Layer 1, DeFi
Address: https://seistream.app/

About SEI

SEI is the native crypto powering the Sei Network, a Layer 1 blockchain optimized for trading and DeFi. Built using the Cosmos Software Development Kit (SDK), Sei combines high throughput, rapid block generation, and parallel transaction processing to enable instant trades and seamless user experiences. SEI is used for staking, governance, and transaction fees across dApps built on the Sei ecosystem.

Key Points of SEI

Optimized for Trading: Native support for order books, limit orders, and batch auction matching.
Parallel Execution: Enables fast transaction processing by executing independent transactions at the same time.
Cosmos SDK Foundation: Combines scalability, interoperability, and developer flexibility.
Governance and Staking: SEI holders can participate in protocol decisions and secure the network through staking.

FAQ

1. What is SEI used for?

SEI plays several key roles in the Sei ecosystem:

Transaction fees: SEI is used to pay for all operations on the network.
Staking: Users can stake SEI or delegate it to validators to earn rewards and secure the chain.
Governance: Staked SEI provides voting power over network upgrades and proposals.

2. How does the Sei Network work?

Sei introduces trading-first features and cutting-edge architecture:

CLOB (Central Limit Order Book): Sei’s native DEX module allows users to place limit and market orders.
Parallel execution: Independent transactions are processed simultaneously, increasing performance.
Batch auctions: Orders are matched at the end of each block to reduce frontrunning* and improve fairness.

Example:

Valeria wants to buy a newly launched token on a Sei-based DEX. She places a limit order through the app. At the end of the current block, Sei’s CLOB-based matching engine processes her order by matching it against sellers, and the trade executes almost instantly, with low slippage and no delays.

3. How can I buy SEI on Bitso?

To buy SEI:

Log in to your Bitso account.
Go to “Buy/Sell” and select USDC as your base currency.
Choose SEI as the token you want to purchase.
Enter the amount, review the transaction, and confirm.

Important:

SEI is currently available only for conversions in the Bitso app.

This means:

Deposits and withdrawals to external wallets are not enabled.
You can send and receive SEI with other Bitso users via Bitso Transfer.

Disclaimer

This Help Center article is for informational purposes only and does not constitute financial advice. SEI is the native crypto of Sei Network, a Layer 1 blockchain designed for high-performance trading and DeFi. Its value is speculative and may fluctuate based on adoption and market activity.

Bitso encourages users to conduct their own research (DYOR) before trading and to invest responsibly.

*Frontrunning: When someone sees a transaction before it’s confirmed and jumps ahead by submitting their own transaction with a higher fee. Example: You try to buy a token, but a bot sees it and buys first, driving up the price before your trade goes through.