SEI, the native token of Layer 1 blockchain Sei, surged 13% after launching the beta version of its Sei v2 mainnet. At the time of writing, SEI rose 12.5% in the last 24 hours, trading at $0.3422 with a daily volume of $211 million.
This increase coincides with the release of the “most performant EVM blockchain ever built,” according to Sei. The network, known for fast and cost-effective crypto trading, has integrated Geth, a popular Ethereum software, enhancing its system.
Sei’s v1 beta mainnet, built with the Cosmos SDK, was launched in August 2023. The phase 2 completion follows the Sei Foundation’s announcement of a $10 million grant fund to boost NFT and Social projects, supporting creators and builders.
This development marks a significant milestone for Sei, positioning it as a competitive player in the blockchain space and signaling future growth and innovation.
