Sei Network Larry: Building the fastest parallel EVM Layer 1, TVL surged by 85.62% in the past month, breaking through $400 million

According to official news, Larry, the head of Sei Network DeFi, delivered a keynote speech titled "The Fastest Parallelized EVM Layer 1".

Larry stated that Sei is committed to expanding the Ethereum Virtual Machine (EVM), aiming to achieve a throughput of 5 billion gas per second. Through parallel execution, rapid consensus and optimized storage, Sei has created the highest performance EVM in history. In the future, they will rebuild the EVM from scratch focusing on consensus, storage and execution. The Giga upgrade will further enhance Sei's performance by optimizing its consensus mechanism and increasing network throughput. After upgrading, it is expected that Sei's TPS (transactions per second) will double to 10,000 TPS meeting enterprise-level large-scale application needs.

Data from Defillama shows that over the past month TVL growth for the Sei network increased by 85%, ranking first among all public chains. It’s worth noting that several high-growth projects have emerged within the Sei ecosystem such as Yei Finance, Sailor Finance and Silo etc., with leading DeFi protocol Yei Finance leveraging characteristics of high-performance public chain provided by SEI to create an all-chain liquidity market integrating multi-chain lending and trading providing users with an experience comparable to CEX.