Sei is a first-layer blockchain optimized for digital asset trading and is a fully open-source, general-purpose blockchain.
SEI is the native token of the project. Current use cases for SEI include:
Network Fees: Paying transaction fees on the Sei blockchain.
DPoS Validation Nodes: SEI holders can choose to delegate their assets to validation nodes or stake SEI to run their own validation nodes to ensure network security.
Governance: SEI holders can participate in future governance.
Native Collateral: SEI can be used as collateral for native asset liquidity or applications developed on Sei.
Fee Market: Users can pay tips to validation nodes to gain priority for transactions and share with users who have delegated to that validation node.
Trading Fees: SEI can be used for trading fees on exchanges built on the Sei blockchain.

The project consists of the following components:
Dual-Turbo Consensus: Sei achieves a 400ms finality time (ten times faster than Solana and other high-performance blockchains).
Smart Block Propagation: Block proposals and transaction summaries are sent together, allowing validators to build blocks locally, speeding up user response times.
Optimized Block Processing: Validation nodes start processing blocks immediately upon receipt, speeding up user response times.
Single-Slot Finality: Before adding blocks to the network, validation nodes must reach consensus. This makes Sei resistant to reorgs, providing a seamless user experience.
Parallelization: Sei achieves 20,000 orders per second through parallelization, enabling it to process independent transactions simultaneously, reducing user transaction costs.
Prevent Front-Running: Projects built on Sei can use a native matching engine to prevent negative MEV, such as front-running.
Native Price Oracle: Validators provide trustless, decentralized price feeds for popular assets, offering users a more reliable trading experience.
Permissionless Smart Contracts: Sei is a permissionless blockchain, allowing developers to deploy Rust-based smart contracts.

The project has raised $35 million through three rounds of equity investment. A total of 2 billion SEI tokens will be allocated to equity investors.